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Sustainable future flight business models: Motivations and barriers

conference contribution
posted on 2024-04-19, 08:03 authored by Chenyi LiaoChenyi Liao, Christopher J. ParkerChristopher J. Parker, Graham Parkhurst, Magdalena Oldziejewska, Mohammad Uddin, Ram Ramanathan

This paper investigates stakeholders’ motivations and barriers within emerging Future Flight business models. Aviation is vital for developing econo-mies, and the urgent need for a transition towards more sustainable practices is gaining prominence. Hence, understanding the factors shaping Future Flight technology’s adoption is crucial. Drawing on ten interviews with pioneering Fu-ture Flight-related technologists, business leaders, social entrepreneurs, and pol-icymakers, we employed the Technology-Organisation-Environment frame-work and Transaction Cost Economics theory to analyse critical factors influ-encing Future Flight business models. We show participants are concerned about sustainable aviation fuel availability and Future Flight technologies’ read-iness. We emphasise the importance of technology maturity and commercial vi-ability for successful Future Flight implementation. Smaller start-ups are poised to lead such development because of their nimbleness and sustainability focus. Concurrently, larger companies face challenges transitioning from traditional business models. We identified regulatory frameworks, social acceptance, and public demand as key drivers. Finally, we show how entrepreneurs desire stand-ardised global regulations to support sustainable aviation practices. We offer insights into the complex dynamics of Future Flight adoption, highlighting companies’ need to evaluate their cultural and human resource strategies while emphasising global regulatory standards’ importance – as part of The CoFFEE Project’s (www.coffeefutureflight.com) broader research programme.

Funding

Co-creation Of FF Ecosystems and Enterprise (COFFEE) (Essex)

History

School

  • Design and Creative Arts

Department

  • Design

Published in

Transport Research Arena (TRA) 2024

Source

Transport Research Arena (TRA) 2024 conference

Publisher

Springer

Version

  • AM (Accepted Manuscript)

Acceptance date

2023-12-15

Publisher version

Language

  • en

Location

Dublin, Ireland

Event dates

15th April 2024 - 18th April 2024

Depositor

Dr Chris Parker. Deposit date: 9 October 2023

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