Airbus and partners launch fund to invest in sustainable aviation fuels, worldwide

Europe-based global major aerospace group Airbus announced, at the Farnborough airshow on Tuesday, that it was, with airline, energy and financial partners, co-investing in a Sustainable Aviation Fuel (SAF) financing fund. The other partners in the fund were the Air France-KLM group, US-based global aviation fuels and services supply chain management company Associated Energy Group, France-based global bank BNP Paribas, US-based international financial advisory group Burnham Sterling, Japan-based international leasing and financial services company Mitsubishi HC Capital, and Australia’s Qantas Airways. The purpose of the fund, denoted as the SAF Financing Alliance (Saffa), is to accelerate the production of SAF. Airbus is the anchor investor in the fund. The seven partners have committed an aggregate amount of about $200-million to the Saffa.