Sydney-based Qantas Airways and Airbus will jointly invest up to $200 million to kick-start Australia’s sustainable aviation fuels (SAF) industry, as the airline works towards meeting its goal of reducing carbon emissions.
The agreement, signed at the International Air Transport Association’s annual general meeting on Sunday in Doha, will help Qantas to meet its commitment to use 10 per cent SAF in its overall fuel mix by 2030, the companies said at a joint media briefing.
Qantas currently uses 1 per cent SAF in its network and intends to grow this to 60 per cent by 2050.
Airbus and Qantas are already partners in the sustainability initiative as part of the airline’s multi-billion dollar orders for the A350-1000 widebodies and A220 and…