Tag: investment
NEWS Feb 28, 2024 Southwest Airlines Launches Venture Firm for Sustainable Aviation Fuel, $30 Million Investment in Fuel Producer LanzaJet Southwest Airlines announced the launch of Southwest Airlines Renewable Ventures (SARV), a subsidiary focused on helping the airline achieve its sustainability goals by obtaining sustainable aviation fuel (SAF). Southwest also announced a $30 million investment in sustainable fuel technology company and producer LanzaJet. Read More →
INFORMATIONAL Feb 20, 2024 What Can JetBlue Expect After Activist Investor Carl Icahn Acquired a 10% Stake in the Airline? Activist investor Carl Icahn has taken a 10% interest in JetBlue by purchasing 33.6 million shares of its stock in January and February. His investment has caused a more than 18% rise in the prices of JetBlue stock, a phenomenon known as theĀ Icahn Rise. There are several possible reasons for Icahn taking a stake in JetBlue, ranging from a simple profit-taking opportunity to long-term airline control. Read More →
NEWS Apr 28, 2023 Norwegian Signs Partnership with Domestic SAF Technology Firm Norsk e-Fuel Oslo-based Norwegian Airlines, a low-cost carrier, is betting big on Sustainable Aviation Fuel (SAF), referred to as e-fuel by the airline. The agreement will help Norwegian reach their near-term climate goals. Read More →
NEWS Apr 24, 2023 Abu Dhabi's Mubadala to Invest $2.5B in Sustainable Aviation Fuel Production in Brazil Abu Dhabi's Mubadala will invest $2.5 billion in Brazil on a plant that will produce Sustainable Aviation Fuel. The country has a large supply of resources that could establish itself as a global hub for SAF production. Read More →