European airline giant IAG and tech firm Microsoft have agreed a new extended deal to co-fund the purchase of alternative aviation fuels until the end of the decade.
IAG, which owns British Airways, Iberia and Aer Lingus, originally struck a co-funding deal with Microsoft for what the aviation industry calls sustainable aviation fuel (SAF) in 2023.
In a statement, the two companies said the new five-year deal was the “largest and longest” agreement between an airline operator and a corporate client to reduce Scope 3 emissions from the company’s business travel.
The new deal will see Microsoft co-fund an additional 39,000 tonnes of SAF, which would reduce “lifecycle” carbon emissions by approximately 113,000 tonnes. The fuel…
