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Cathay and Airbus Launch Co-Investment Partnership for Scaling SAF Adoption

The Cathay Group has today announced a joint investment agreement of up to $70 million with Airbus for scaling the development of SAF production in Asia and globally.


The Agreement was Announced at a Ceremony Hosted by Cathay Chief Operations and Service Delivery Officer Alex McGowan (left) and Airbus President Asia Pacific Anand Stanley (right) - Courtesy Cathay Group
The Agreement was Announced at a Ceremony Hosted by Cathay Chief Operations and Service Delivery Officer Alex McGowan (left) and Airbus President Asia Pacific Anand Stanley (right) - Courtesy Cathay Group

On Tuesday (October 21, 2025), The Cathay Group announced the launch of a new joint investment agreement with Airbus of up to $70 million (HK$545 million) to accelerate the development of sustainable aviation fuel (SAF) production in Asia and globally.  The agreement was announced in Hong Kong on the sidelines of the IATA World Sustainability Symposium at a ceremony hosted by Cathay Chief Operations and Service Delivery Officer Alex McGowan, and Airbus President Asia Pacific Anand Stanley.  Under the partnership, the two companies will work to identify, evaluate and invest in projects that support the scaling of SAF production towards 2030 and beyond.


In Tuesday’s announcement, Cathay’s Chief Operations and Service Delivery Officer, Alex McGowan, said,


“SAF remains the most important lever for Cathay and the wider aviation industry to drive toward our common decarbonisation goals. This co-investment partnership with Airbus underscores our commitment to supporting a more scalable SAF industry in the near term. It complements our broader strategy of investing in the technologies and production capacity that can transform the industry in the long run, including our participation in the recently launched oneworld BEV SAF Fund. Meanwhile, we are also expanding SAF usage today through partnerships with like-minded organisations.”


Also commenting on the new sustainability partnership, Airbus’ President – Asia Pacific, Anand Stanley, said,


“This agreement reflects the shared commitment of Airbus and Cathay to make a real difference. The production and distribution of affordable SAF at scale requires an unprecedented cross-sectoral approach.  Our partnership with Cathay is a concrete example of how we catalyse production in the most suitable locations to serve our customers.”


The partnership will also advocate for supportive SAF policies on both the supply and demand side across Asia. With the region’s strong potential in feedstock supply, production capacity, and its vibrant aviation market, Cathay and Airbus aim to leverage their global experience to help shape policies that make SAF more accessible and affordable in Asia.


 

Source: Cathay Group

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