BRITISH AIRWAYS owner the IAG has announced its biggestever deal to purchase sustainable aviation fuel (SAF) from a US-based producer.

Under a 14-year contract, California-based Twelve will supply the IAG with 785,000 tonnes of e-SAF to support its five European airlines - British Airways, Iberia, Aer Lingus, Vueling and Level.

The IAG has committed to 10 per cent SAF use by 2030 and said the deal takes the supply needed to one-third of the target.

The sum of the deal was not disclosed.

The agreement is the first e-SAF deal announced by a European airline and means the IAG has now bought approximately 12 per cent of the world's supply in 2023.

Luis Gallego, IAG's CEO said: "This new deal will contribute towards our 2030 SAF target. We would like to see similar projects scale in Europe."

(c) 2024 City A.M., source Newspaper