Beijing, China, June 14, 2016 – United Technologies Corp. (NYSE: UTX) and Hainan Airlines Group today unveiled the Green Aviation Initiative & Network (GAIN) at a ceremony in Beijing.
Realizing that sustainable development is key to growing the global economy, UTC and Hainan Airlines Group collaborated to create the GAIN initiative that defines and advances the future of green aviation.
GAIN establishes an interactive platform for global stakeholders to foster green aviation through advocacy, dialogue and innovative solutions. The initiative will also facilitate joint efforts to build a green aerospace ecosphere with the integration of green operations, innovation, manufacturing and consumption.
“As a responsible corporate citizen, UTC has long worked to maximize the environmental technologies in our products while minimizing the environmental footprint,” said UTC Chief Sustainability Officer John Mandyck. “We are pleased to join Hainan Airlines Group in launching the GAIN initiative and look forward to collaborating on ways to better promote sustainability in the aviation industry.”
UTC has been an international sustainability leader for decades. As one of the first companies to set sustainability targets, UTC continues to improve its environmental performance by steadily reducing greenhouse gas and chemical emissions, lowering energy and water consumption, and eliminating industrial waste from its operations. Since 1997, UTC has tripled its revenues while reducing greenhouse gas emissions by 34 percent. Today, UTC is on a trajectory to reduce greenhouse gas emissions by 80 percent by 2050 to support the United Nations’ climate goals.
UTC introduced the game-changing Pratt & Whitney PurePower® Geared Turbofan™ engine in the aerospace industry following a $10 billion investment and a decade of innovative research and development. Reaching new sustainability milestones relative to conventional engines, the Geared Turbofan engine lowers fuel consumption by 16 percent while also delivering a 50 percent reduction in regulated emissions and a 75 percent reduction in noise footprint. It saves airline operators more than $1 million per aircraft, per year and reduces consumption of non-renewable resources.
Similarly, Hainan Airlines Group has made green development an integral part of its overall development strategy. Its subsidiaries, including Hainan Airlines, Beijing Capital Airlines and China Xinhua Airlines, have all passed energy management system certifications.
Hainan Airlines was the first to start energy-saving and emission reduction management in China, and became China’s first airline to gain third-party certification for its energy management system in 2015. By the end of 2015, Hainan Airlines saved 251,000 tons of fuel, and reduced 790,000 tons of CO2 emissions, which is equivalent to the CO2 intake of a 30,000-mu forest each year. In the same year, Hainan Airlines received the “Chinese Company’s Top 10 Green Actions” award, and is also fully engaged in a “Green Tour” program.
Haikou Meilan Airport, a HNA holding, has been building a low-carbon green community for years with the ratio of green areas reaching up to 99.6%. It has won numerous awards from the United Nations, other international organizations and at the China Airport Development Summit, including the “China Green-Benefit Enterprise – Best Model Award,” “Annual Green and Low-Carbon Airport CSR Award,” and “International Sanitary Airport” from WHO. In May 2016, Meilan Airport received the “Green and Efficient Airport” award.
Xie Haoming, president of Hainan Airlines Group, said, “The sustainable development vision of UTC is highly consistent with that of Hainan Airlines Group. We are pleased to join with UTC to promote the development of the green aviation industry. We will enhance industry resource utilization and expand industry clusters’ influence through communication and cooperation with governments, industry and social organizations. The Green Aviation Initiative Network is an open platform, and we welcome more companies and organizations to join us and contribute to solving global environmental problems!”
About United Technologies
United Technologies Corp., based in Farmington, Connecticut, USA, provides high-technology systems and services to the building and aerospace industries. For more information, visit our website at www.utc.com or follow us on Twitter: @UTC.
About HNA Group
In over 20 years, it has created a miracle in the business community, successfully transforming from a traditional aviation company to a conglomerate, from Hainan Island to the globe. HNA Group landed on the 2015 Fortune 500 for the First Time on July, 2015, ranking No. 464.