Companies news
Air France-KLM Became a Co-Investor in a Sustainable Aviation Fuel (SAF)
Air France-KLM today became a co-investor in a Sustainable Aviation Fuel (SAF) financing fund, together with Airbus, AEG FUELS, BNP Paribas CIB, Burnham Sterling Asset Management (as fund manager), Mitsubishi HC Capital Inc. and Qantas Airways Limited.
This financing fund aims at accelerating the availability of SAF by investing mainly in technologically mature SAF-producing projects using for instance waste-based feedstocks. Air France-KLM and its partners will have the possibility of entering into priority contracts to secure SAF offtakes from the various projects the fund will invest in.
Already the world’s first user of sustainable aviation fuel SAF in 2022 and 2023, Air France-KLM has set itself the target of incorporating at least 10% of SAF on all flights by 2030. The Group adheres to a strict sourcing policy, committing to purchasing second generation SAFs that do not compete with the human or animal food chain, are RSB or ISCC+ certified for their sustainability, and are not produced from palm oil. Compared to conventional fuel, Air France-KLM’s SAF achieves a CO₂ emissions reduction of up to 75% over the entire fuel lifecycle.
SOURCE: AIRFRANCE-KLM