United sets up SAF fund

UNITED AIRLINES HAS created an investment fund to scale up the supply of sustainable aviation fuel (SAF). The United Airlines Ventures Sustainable Flight Fund will be used to invest in start-ups focused on accelerating the research, production and technologies associated with SAF. Sustainable aviation fuel is made from cooking oil and agricultural waste and blended with conventional jet fuel to meet regulatory requirements. The fund has launched with more than US$100 million from inaugural partners Air Canada, JPMorgan Chase, GE Aerospace and Honeywell, and the carrier is encouraging passengers to contribute to the fund. Customers can give US$1, US$3.50 or US$7 to the fund, though the default option is set at US$3.50. United says that if the 152 million people who flew with the airline last year each contributed US$3.50, they could have…

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Business Traveller Asia-Pacific Edition (Digital) - 1 Issue, April - June 2023

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