In a significant move to combat aviation’s environmental impact, Qantas and Airbus have announced a joint commitment to invest AUD$15 million into Climate Tech Partners (CTP), a renowned venture capital fund dedicated to climate innovations. This investment aligns with their shared goal of accelerating the development of sustainable aviation fuel (SAF) and other technologies aimed at decarbonizing aviation.
The announcement was made in Sydney, where the executives from both companies, Airbus Chief Sustainability Officer Julie Kitcher and Qantas Chief Sustainability Officer Fiona Messent, revealed the strategic partnership. This collaboration is designed to fast-track the creation and commercialization of cutting-edge aviation solutions in Australia.
CTP’s distinctive approach is rooted in collaborating closely with corporate partners to identify and support technological advancements tailored to meet the unique needs of the aviation industry. By working in tandem with Qantas and Airbus, the fund aims to stimulate innovation in SAF production, feedstock development, and other vital areas of the aviation value chain. The AUD$15 million will be allocated through a dedicated investment vehicle, complementing CTP’s main fund, with a clear focus on Australian initiatives.
The collaboration is particularly crucial in addressing the gap between emerging climate technologies and their scalability for commercial production in Australia. By targeting start-ups at the forefront of SAF and related innovations, the investment is expected to pave the way for the adoption of sustainable aviation solutions.
The announcement was made in Sydney, where the executives from both companies, Airbus Chief Sustainability Officer Julie Kitcher and Qantas Chief Sustainability Officer Fiona Messent, revealed the strategic partnership. This collaboration is designed to fast-track the creation and commercialization of cutting-edge aviation solutions in Australia.
CTP’s distinctive approach is rooted in collaborating closely with corporate partners to identify and support technological advancements tailored to meet the unique needs of the aviation industry. By working in tandem with Qantas and Airbus, the fund aims to stimulate innovation in SAF production, feedstock development, and other vital areas of the aviation value chain. The AUD$15 million will be allocated through a dedicated investment vehicle, complementing CTP’s main fund, with a clear focus on Australian initiatives.
The collaboration is particularly crucial in addressing the gap between emerging climate technologies and their scalability for commercial production in Australia. By targeting start-ups at the forefront of SAF and related innovations, the investment is expected to pave the way for the adoption of sustainable aviation solutions.
Source: Travel and Tour World
