Qantas, Airbus invest in sustainable aviation fuel VC fund
Flag carrier Qantas and plane maker Airbus are both investing in a VC firm focused on funding sustainable aviation fuel (SAF) projects.
They will jointly invest A$15 million in venture capital firm Climate Tech Partners (CTP).
The two companies have teamed up previously on a number of SAF related ventures.
CTP will use the funds to ‘invest on behalf of Qantas and Airbus into leading local and global startups focused on SAF and other innovative technologies.’
“As these solutions mature, Qantas and Airbus have the option to explore further follow-on and direct investments enabling deployment of the start-up’s technologies in real-world Australian projects.”
The firm will also facilitate ‘access to Qantas and Airbus to develop and test their solutions,’ Qantas added.
Patrick Sieb, Co-founder, CTP said: “Working with global leading aviation and aerospace companies allows us to not only make more deeply informed investment decisions but attract and support the best companies by helping them accelerate.”
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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