JetBlue has signed an agreement with Air Company for 25 million gallons of Sustainable Aviation Fuel (SAF) for five years, with a targeted start in 2027. JetBlue's venture capital subsidiary, JetBlue Ventures, will make a direct capital investment into Air Company's Series A funding round.
Air Company has received over $40 million in capital funding to date.
Air Company has developed and deployed a single-step process for CO2-derived fuel production using renewable electricity to create its novel Airmade sustainable aviation fuel (SAF) product.
Commenting on the transition towards SAF, Sara Bogdan, director of sustainability and environmental social governance at JetBlue, said: “With creative thinking backed by science, Air Company's work to leverage captured carbon, a resource distinct from other SAF feedstocks, represents the kind of innovation that can expand SAF availability and grow the market necessary to reach our industry goals. We’re excited to build upon this partnership established by JetBlue Ventures as we continue our own path to reach net-zero carbon emissions by 2040.”
Gregory Constantine, CEO, and Co-Founder of Air Company, said: “Our CO2-derived SAF has the ability to not only burn neutrally but importantly leverages an infinite resource as our feedstock. We’ve partnered with JetBlue to supply the airline with 25 million gallons of our Airmade SAF, contributing to the complex tapestry of SAF solutions in our fight against anthropogenic climate change.”
Air Company joins JetBlue’s growing list of SAF partnerships as it advances its goal to convert 10 percent of its total fuel usage to SAF on a blended basis by 2030.