Zhong Guo Min Hang Wang·2025-10-22 03:12Core Insights - Cathay Pacific Group and Airbus have signed a joint investment agreement to invest up to $70 million (approximately HKD 545 million) to promote the development of Sustainable Aviation Fuel (SAF) in Asia and globally [1][3] - The collaboration aims to identify, assess, and invest in commercially viable SAF projects with technological maturity and long-term supply potential, targeting increased SAF production capacity by 2030 and beyond [1][3] Group 1: Investment and Collaboration - The partnership reflects a commitment to enhancing SAF production capacity and achieving carbon reduction goals in the aviation industry [3] - Cathay Pacific's President of Operations and Service, Ronald Lam, emphasized that SAF is crucial for the airline's and the industry's decarbonization efforts, aligning with their strategy to scale up SAF production in the short term [3][5] - Airbus's Asia-Pacific President, Anand Stanley, highlighted the need for unprecedented cross-sector collaboration to produce and distribute affordable SAF globally [3] Group 2: Sustainable Development Initiatives - Cathay Pacific has been a pioneer in sustainability, voluntarily reporting carbon emissions since 1996 and being the first major airline in Asia to allow passengers to offset carbon emissions in 2007 [4] - The airline has engaged in various initiatives, including investing in SAF production facilities and being the first to use SAF on new aircraft deliveries in France [4] - In 2023, Cathay Pacific became one of the founding investors in the "OneWorld - Breakthrough Energy Ventures Sustainable Aviation Fuel Fund," focusing on next-generation SAF technologies with large-scale potential [5] Group 3: Future Goals and Strategies - Cathay Pacific aims to increase SAF usage to 10% of total fuel consumption by 2030, recognizing the challenges of transitioning to more sustainable energy sources [5] - The airline promotes a "co-create a sustainable future" philosophy, urging stakeholders to unite towards this important goal [5] - The collaboration with Airbus will focus on mature SAF technologies to accelerate supply in the medium to short term [5]