$70 Million Investment to Boost Global Sustainable Aviation Fuel Production

On October 21, Airbus and Cathay Group announced a joint investment of up to USD 70 million to accelerate the development of sustainable aviation fuel (SAF) production in Asia and worldwide. The partnership was unveiled at the IATA World Sustainability Symposium in Hong Kong, co-hosted by Alex McGowan, Cathay Pacific’s Chief Operations and Service Delivery Officer, and Anand Stanley, Airbus President for Asia-Pacific. Under the agreement, both parties will jointly identify, evaluate, and invest in projects that can expand SAF production capacity by 2030 and beyond, supporting the global aviation industry’s transition toward carbon neutrality.