Airbus and Cathay form co-investment partnership to scale SAF

Airbus and the Cathay Group have announced a joint investment of up to $70 million (€60 million) to accelerate the development of sustainable aviation fuel (SAF) production in Asia and globally.
The agreement was announced in Hong Kong on the sidelines of the IATA World Sustainability Symposium at a ceremony hosted by Cathay Chief Operations and Service Delivery Officer Alex McGowan and Airbus President Asia-Pacific Anand Stanley.
Under the terms of the partnership, the two companies will collaborate to identify, evaluate and invest in projects that support the scaling of SAF production towards 2030 and beyond.
“SAF remains the most important lever for Cathay and the wider aviation industry to drive toward our decarbonisation goals,” said Alex McGowan, chief operations & service delivery 0officer, Cathay.
“This co-investment partnership with Airbus underscores our commitment to building a stronger, more scalable SAF industry. It complements our broader strategy of investing in the technologies and production capacity needed for the future, including our recent investment in the oneworld BEV SAF Fund.
“Meanwhile we are expanding SAF usage today through partnerships with like-minded organisations.”
“This agreement reflects the shared commitment of Airbus and Cathay to make a real difference,” said Anand Stanley, president Asia Pacific, Airbus.
“The production and distribution of affordable SAF at scale requires an unprecedented cross-sectoral approach. Our partnership with Cathay is a concrete example of how we catalyse production in the most suitable locations to serve our customers.”
The joint commitment also includes collaboration to advocate for supportive SAF policies on both the supply and demand side across Asia.
With the region’s strong potential in feedstock supply, production capacity, and its vibrant aviation market, Airbus and Cathay aim to leverage their global experience to help shape policies that make SAF more accessible and affordable in this part of the world.