Turkish Airlines Makes New Investment in Sustainable Aviation Fuel

Turkish Airlines has signed an agreement to invest in SAFFA Fund I, LP, an investment fund established by the Sustainable Aviation Fuel Financing Alliance to accelerate the production of sustainable aviation fuel.

The agreement was signed in Istanbul on July 21, 2026, by Levent Konukcu, Turkish Airlines’ deputy chief executive for investment and strategy, and Michael Dickey Morgan, executive managing director of Burnham Sterling Asset Management LLC, which manages the fund.

Established in December 2023, the fund aims to expand sustainable aviation fuel production capacity and support the aviation industry’s carbon-reduction targets.

The fund also invests in technologically mature sustainable aviation fuel projects and seeks to help develop a more reliable supply of sustainable fuel through a diversified portfolio spanning different production technologies and geographic regions.

Airbus is the fund’s principal investor. Other participants include the Air France-KLM Group, Associated Energy Group, BNP Paribas, Burnham Sterling, CMA CGM, Mitsubishi HC Capital and Qantas Airways.

The fund’s partners have so far committed a total of $208 million. The announcement did not disclose the amount committed by Turkish Airlines.