DVB Bank and aireg are developing financing options for alternative aviation fuels

DVB Bank SE is strengthening its commitment to sustainability and has joined aireg – Aviation Initiative for Renewable Energy in Germany e.V., as both announced on October 1st. DVB Bank, as the leading specialist for international transport financing, will support the climate efforts of the aviation industry in Germany. aireg has been working on the development and market introduction of alternative aviation fuels in Germany since 2011. Bertrand Grabowski, Member of DVB Bank SE’s Board of Managing Directors, responsible for Aviation Finance and Land Transport Finance, commented on the Bank’s membership in aireg: “DVB has been invited to join aireg as a full member from October 1st, 2015, contributing the view of an aircraft financier and investor with a strong interest in value retention – especially of aircraft engines for which it is important to ensure that the use of biofuel has no negative impact on the maintenance cycle and useful life of an engine – as well as providing financial expertise to a largely research-oriented organisation.