Cathay Group & Airbus Invest $70M To Accelerate SAF Adoption

Hong Kong-based flag carrier Cathay Pacific and European Aerospace manufacturing giant Airbus have agreed to co-invest up to $70 million to accelerate Sustainable Aviation Fuel (SAF) production in Asia and across the globe. An agreement announced in Hong Kong during the International Air Transport Association (IATA) World Sustainability Symposium, this partnership will identify and fund commercially viable, technologically mature projects with strong long-term potential.