Turkish Airlines has joined the SAFFA Fund I, LP, an investment fund dedicated to accelerating the production of sustainable aviation fuel (SAF), marking a significant step in the airline’s long-term sustainability and supply chain strategy.
The agreement will enable the airline to support the expansion of SAF production while strengthening its access to sustainable fuel supplies as the global aviation industry intensifies efforts to reduce carbon emissions.
Established in December 2023 and managed by Burnham Sterling Asset Management LLC (BSAM), the SAFFA Fund invests in technologically mature SAF projects across multiple production technologies and geographic regions. Airbus serves as the fund’s anchor investor, while several leading airlines, aviation companies and financial institutions are also participants.
Turkish Airlines said the investment would enhance its involvement in sustainable fuel development, feedstock initiatives and emerging technologies, while reinforcing its collaboration with Airbus on sustainability and aviation supply security.
“We aim not only to contribute to the development of the sustainable aviation fuel ecosystem but also to support innovative projects shaping the future of aviation,” said LeventKonukcu, Chief Investment & Strategy Officer of Turkish Airlines.
Michael Dickey Morgan, Executive Managing Director of BSAM, said the airline’s participation strengthens the fund’s global strategy and demonstrates growing industry confidence in SAF investments. He added that the commitment by one of the world’s leading carriers highlights the aviation sector’s long-term transition toward sustainable fuels.
Turkish Airlines said it will continue to pursue strategic partnerships and investments to accelerate the adoption of sustainable aviation fuels while reducing its environmental footprint in line with its sustainable growth objectives.
