• The fund is a partnership between oneworld Alliance, its member airlines, and Breakthrough Energy Ventures.
• The primary goal is to invest in novel, next-generation Sustainable Aviation Fuel technologies to address high cost and limited supply.
• Cornerstone investors include American Airlines and Alaska Airlines, with an initial fund close of $150 million.
• The investment is a long-term strategy to achieve large-scale, cost-competitive SAF and support the aviation industry’s energy transformation.

The oneworld Alliance, in an exciting move toward a greener future, has partnered with Breakthrough Energy Ventures (BEV) to launch a new investment fund dedicated to advancing and commercializing Sustainable Aviation Fuel (SAF) technologies. This collaboration is a powerful step designed to tackle the current challenges of limited availability and high cost associated with SAF. Cornerstone investors American Airlines and Alaska Airlines, alongside IAG, Cathay Pacific, Japan Airlines, and non-alliance partner Singapore Airlines, have contributed to the initial $150 million fund close, demonstrating a united, global commitment to the cause.

The newly formed oneworld BEV Fund is strategically focused on identifying, enabling, and scaling up novel, next-generation SAF technologies. Its core mission is to accelerate the development of cost-effective, scalable, and lower-emission jet fuel solutions that can seamlessly integrate with existing aviation infrastructure. By investing in this crucial energy transformation, the alliance aims to secure the long-term sustainability of the industry, meet growing consumer demands for responsible travel, and continue delivering the enormous economic benefits of commercial aviation.

BEV, which is managed by Bill Gates’ capital fund, brings essential technical and commercial expertise to ensure the investments drive real emissions reductions and support the growth of a resilient SAF supply chain globally. This collective action highlights the commitment of major airlines to a net-zero future, proving that collaboration across the entire aviation ecosystem is the most viable pathway to meaningful environmental progress.