Overview

• Alaska Airlines and American Airlines anchor the new oneworld BEV Fund, with support from IAG, Cathay Pacific, Japan Airlines and Singapore Airlines, for an initial close of $150 million.
• Breakthrough Energy Ventures, founded by Bill Gates, will manage the fund and apply its technical and commercial due diligence to early-stage climate technologies.
• The mandate is to identify and scale next-generation SAF that can cut lifecycle emissions by up to 80%, compete with fossil jet fuel on cost, and work with existing aviation infrastructure.
• Singapore Airlines’ participation alongside oneworld members underscores cross-alliance collaboration to build a more resilient global SAF supply chain.
• Airline leaders are urging supportive policies to draw capital and build production infrastructure, noting aviation’s 2–3% share of global CO2 and SAF’s currently tiny share of fuel supply.