Sustainable fuel startup Air Company to sell to JetBlue, Virgin Atlantic

Sustainable fuel startup Air Company has multi-year agreements to sell jet fuel made from captured carbon emissions to carriers JetBlue Airways Corp and Britain's Virgin Atlantic, the companies said on Thursday. Financial terms were not disclosed. Under the memoranda of understanding, JetBlue will buy 25 million gallons of Air Company's sustainable aviation fuel (SAF) between 2027 and 2032, Air Company said in a statement confirmed by the carriers. Virgin Atlantic will purchase up to 100 million gallons of SAF over 10 years. New York-based Air Company said it uses carbon dioxide from a variety of sources, such as ethanol plants, to make SAF. The global aviation industry is under pressure to reduce carbon emissions and find ways to meet the 2050 net-zero emissions target set by the International Air Transport Association (IATA) in 2021. "We're excited to be working with Air Company to reach our 10% SAF target by 2030," said Holly Boyd-Boland, Virgin Atlantic's vice president of corporate development.<br/>