Core 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] Group 1: Investment Agreement - The agreement aims to identify, assess, and invest in commercially viable, technologically mature, and long-term supply potential SAF projects, targeting increased SAF production capacity by 2030 and beyond [1] - The collaboration reflects a commitment to scaling up the sustainable aviation fuel industry in the short term [3] Group 2: Historical Context and Commitment - The partnership between Cathay Pacific and Airbus dates back to 1989, with Cathay operating over 85 Airbus aircraft and more than 70 awaiting delivery [3] - Cathay's President of Operations and Service emphasizes that SAF is crucial for achieving carbon reduction goals in the aviation industry [3] Group 3: Policy Advocacy - Both companies advocate for the development of policies that promote the supply and demand of sustainable aviation fuel in Asia, leveraging the region's strong potential in raw material supply, production capacity, and aviation market [3] - The collaboration serves as a model for unprecedented cross-industry cooperation necessary for the global production and distribution of affordable sustainable aviation fuel [3]