Oneworld Airlines Announce $150M Investment Fund To Advance SAF Technologies

A unique partnership between leading oneworld partner airlines and Breakthrough Energy Ventures has seen the consortium launch its own investment fund to advance and commercialize the technology behind Sustainable Aviation Fuel (SAF).
Backed by Alaska Airlines, American Airlines, IAG (British Airways, Iberia, Vueling, Aer Lingus, and LEVEL), Cathay Pacific, and Japan Airlines, have thrown in a total of $150 million to fund the programme. This has also been backed by a Star Alliance airline member, Singapore Airlines.
A Partnership With Breakthrough Energy Ventures
Announced on September 17, in Dallas, Texas, the oneworld alliance, and member airlines (plus SQ), have forged a partnership with Breakthrough Energy Ventures, an umbrella company founded by Bill Gates ten years ago (2015), with a vision to accelerate innovation through sustainable energy, and reduce greenhouse gas emissions through new technologies.
The partnership will launch a new investment fund that is specifically designed to address the high costs and scarce availability of Sustainable Aviation Fuel (SAF). This fund, which is led by Alaska Airlines and American Airlines as ‘cornerstone investors’, will bid to accelerate the development of longer-term aviation fuel solutions at scale. Robert Isom, chief executive officer of American Airlines and chairman of oneworld, explained:
“By investing in the SAF technologies of the future, American and our oneworld partners are making this business decision to unlock novel technologies with the potential to reach larger scale at lower prices than current technologies can achieve.