Sustainability and Environment
Major OEMs Announce SAF Financing Initiatives
Airbus to spearhead $200 million of financing for SAF production
Airbus Neo with SAF
© Airbus

Major OEMs announced significant sustainable aviation fuel (SAF) financing initiatives at the Farnborough Airshow on Tuesday in a move to wrest control of the fight against climate change away from the major oil companies. 

A group led by Airbus and including the Air France-KLM Group, Associated Energy Group, BNP Paribas, Mitsubishi HC Capital Inc., and Qantas Airways, co-invested in a SAF financing fund to accelerate production of the green fuel. The collaborators worked with Burnham Sterling Asset Management to establish the SAF Financing Alliance (SAFFA) investment fund, in which Airbus serves as an anchor investor. Commitments by the seven partners amount to around $200 million.