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Stock impact report

British Airways Owner IAG Ups Sustainable Fuel Intake With Infinium [Forbes]

INTL CONSL AIRLNS S/ADR (ICAGY) 
NASDAQ:AMEX Investor Relations: iagshares.com
Company Research Source: Forbes
International Airlines Group, the owner of British Airways, has inked yet another deal to upscale its near-term intake of sustainable aviation fuel. In a market update on Tuesday, the airline holding company announced a ten-year purchase agreement with Sacramento, California, U.S.-headquartered e-SAF producer Infinium commencing late 2026. Under the terms of the deal, Infinium will supply IAG with e-SAF to support any of its five airlines - Aer Lingus, British Airways, Iberia, LEVEL and Vueling. Produced from water, waste CO2 and renewable energy - e-SAF is expected to reduce life-cycle greenhouse gas emissions by approximately 90% compared to conventional jet fuel. In a joint statement, both companies said this new class of fuel is not encumbered by feedstock limitations, has a higher degree of emissions reduction versus conventional jet fuel and has a relatively "low land and water-use footprint." It is also a "drop-in" replacement for aviation fuel that requires no chang Show less Read more
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