In Hong Kong, Airbus and the Cathay Group have announced a joint investment of up to $70 million to accelerate the development of sustainable aviation fuel production in Asia and globally.
Under the terms of the partnership, the two companies will collaborate to identify, evaluate and invest in projects that support the scaling of SAF production towards 2030 and beyond. Projects will be assessed based on their commercial viability, technology maturity, and potential for long-term offtake.
“SAF remains the most important lever for Cathay and the wider aviation industry to drive toward our decarbonization goals,” said Alex McGowan, Chief Operations & Service Delivery Officer, Cathay. “This co-investment partnership with Airbus underscores our commitment to building a stronger, more scalable SAF industry. It complements our broader strategy of investing in the technologies and production capacity needed for the future, including our recent investment in the oneworld BEV SAF Fund. Meanwhile we are expanding SAF usage today through partnerships with like-minded organizations.”
The joint commitment also includes collaboration to advocate for supportive SAF policies on both the supply and demand side across Asia.
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