Turkish Airlines joins SAFFA Fund I

In New York state, Turkish Airlines signed an agreement to participate in SAFFA Fund I, LP (SAFFA Fund or Fund), an investment fund managed by Burnham Sterling Asset Management LLC (BSAM) with an objective to accelerate the production of sustainable aviation fuel, in line with its long-term growth strategy, sustainability-focused targets, and supply chain security vision.

Established in December 2023, the SAFFA Fund was launched to increase the production capacity of sustainable aviation fuels and support the carbon reduction targets of the aviation sector. While investing in SAF projects that have reached technological maturity, SAFFA Fund aims to contribute to the development of sustainable fuel supply through a diversified portfolio structure across different production technologies and geographical regions. Managed by BSAM, with Airbus serving as the anchor investor, the Fund’s participants also include leading airlines and prominent global aviation and financial institutions. 

Turkish Airlines’ participation in the fund has not only supported access to sustainable aviation fuels but also enabled Türkiye’s national flag-carrier to position itself closer to investment, feedstock development, and technology projects that shape the future of the sector, further consolidating its strategic position in line with its sustainable growth and supply security targets in aviation. Furthermore, this investment deepens shared sustainability objectives with Airbus, within the scope of sustainability activities and supply security. 

Tags: New York, SAFFA, Turkish Airlines

Category: Fuels