- IAG announces its largest Sustainable Aviation Fuel (SAF) deal with Twelve.
- The deal spans 14 years, supplying 785,000 tonnes of e-SAF.
International Airlines Group (IAG), the parent company of Aer Lingus and British Airways, announces its largest-ever Sustainable Aviation Fuel (SAF) deal with US-based producer Twelve.
The 14-year agreement entails 785,000 tonnes of e-SAF derived from CO2, water, and renewable energy. This fuel slashes greenhouse gas emissions by up to 90% compared to traditional jet fuel, marking a milestone in sustainability efforts.
IAG leads as the first European airline group in such a deal, driving SAF adoption. SAF currently comprises 12% of global supply, with IAG committed to boosting usage. CEO Luis Gallego underscores ambitious goals: net-zero emissions by 2050 and 10% SAF by 2030.
Gallego acknowledges the challenges posed by the global sustainable fuel shortage. He cites Twelve’s innovation and calls for similar European projects, urging government collaboration.
Meanwhile, IAG seeks EU antitrust approval for its €400m bid to acquire Air Europa. Concessions are offered to secure regulatory clearance, with a decision expected by June 7. Feedback from stakeholders and customers will play a crucial role.