- JetBlue ( NASDAQ: JBLU ) has signed a memorandum of understanding with carbon technology firm Air Company to drive its transition to sustainable aviation fuel.
- The low cost airline has committed to purchase 25M gallons of Air Company's AIRMADE sustainable aviation fuel over five years, with a targeted start in 2027. The carbon-neutral fuel made from captured CO2 is said to offer a total 94% greenhouse gas reduction.
- The agreement follows a direct capital investment into Air Company's Series A funding round by the airline's venture capital arm, JetBlue Ventures.
- Air Company joins JetBlue's ( JBLU ) growing list of partnerships for sustainable aviation fuel as it advances its goal to convert 10% of its total fuel usage to SAF on a blended basis by 2030.
For further details see:
JetBlue to buy 25M gallons of sustainable aviation fuel from Air Company