oneworld alliance and partner launch new SAF investment fund

oneworld alliance and member airlines, in partnership with Breakthrough Energy Ventures (BEV), have launch a new investment fund designed to address the limited availability and high cost of today’s sustainable aviation fuel (SAF).
The fund, led by cornerstone investors Alaska Airlines and American Airlines, seeks to accelerate the global development of long-term aviation fuel solutions that are cost effective, scalable, and have lower emissions than conventional fuels.
“By investing in the SAF technologies of the future, American and our oneworld partners are making this business decision to unlock novel technologies with the potential to reach larger scale at lower prices than current technologies can achieve,” said Robert Isom, chief executive officer of American Airlines and chairman of oneworld.
“We believe reducing the emissions from our operation meets the demands of our customers, will make our business more competitive, and will enable us to continue to deliver the enormous economic benefits of commercial aviation for generations to come.”
“Alaska Airlines is excited to work alongside oneworld carriers to invest in innovative and cost-competitive SAF technology to drive the long-term energy transformation for our industry,” said Ben Minicucci, chief executive officer of Alaska Air Group. “In Breakthrough Energy Ventures, we have a partner with the scientific, technical and commercial expertise to make effective investment decisions that will create the market for next-generation fuels and power our industry in the years ahead.”