Turkish Airlines Joins SAFFA Fund to Accelerate Sustainable Aviation Fuel Production and Green the Future of Flight
Turkish Airlines, the airline that flies to more countries than any other airline, has signed an agreement to participate in the SAFFA Fund, a landmark investment fund aimed at accelerating the global production and deployment of sustainable aviation fuel (SAF).
In the long-term, the move will help reduce the environmental impact of South African travellers across the Turkish Airlines global network, aligning with the airline’s broader vision for sustainability, long-term growth, and supply-chain security.
The SAFFA Fund was launched in 2023 to increase the production capacity of sustainable aviation fuels and support the carbon-reduction targets of the global aviation sector. Investing in SAF projects that have reached technological maturity, the fund aims to build a diversified portfolio structure across different production technologies and geographic regions. The SAFFA Fund is managed by Burnham Sterling Asset Management (BSAM), with Airbus serving as the anchor investor alongside leading airlines and prominent global financial institutions.
Turkish Airlines’ participation in the fund secures access to sustainable aviation fuels while positioning Türkiye’s national flag carrier at the heart of technological innovation, investment, and feedstock development shaping the sector’s future. The partnership also deepens Turkish Airlines’ shared sustainability objectives with aircraft manufacturer Airbus.
Levent Konukcu, Chief Investment & Strategy Officer at Turkish Airlines, commented:
“With this investment in the SAFFA Fund, we aim not only to contribute to the development of the sustainable aviation fuel ecosystem, but also to maintain our active role in supporting innovative projects that shape the future of the industry. The strong international collaborations established through the SAFFA Fund will enable us to reinforce our supply security and contribute to the transformation of the global aviation sector, while supporting our access to sustainable aviation fuels.”
Michael Dickey Morgan, Executive Managing Director of Burnham Sterling Asset Management LLC, added:
“SAFFA Fund was built to channel capital into SAF projects across a mix of investments and geographies. Turkish Airlines’ investment adds scale to that strategy and evidences the confidence the Fund’s participants have in this asset class. Turkish Airlines’ commitment to the SAFFA Fund is a strong signal that the world’s leading carriers see this transition as essential for the long term. We’re proud to help drive that progress forward.”
Turkish Airlines will continue to drive the industry’s transformation through strategic partnerships and targeted investments that contribute to the widespread adoption of sustainable aviation fuels globally.
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