Qantas, Virgin Australia and some of the country’s largest airports are lobbying for $2 billion to be set aside at next month’s federal budget to develop a sustainable aviation fuel industry in a bid to reduce Australia’s dependency on imports.
In a letter to Prime Minister Anthony Albanese and Treasurer Jim Chalmers, the major airlines, airports and tourism groups have asked Labor to match a $2 billion commitment to develop hydrogen and subsidise the cost of using sustainable fuel, which is considerably higher.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
