Turkish Airlines has signed an agreement to participate in SAFFA Fund I, LP, an investment fund managed by Burnham Sterling Asset Management LLC, aimed at accelerating the production of sustainable aviation fuel (SAF). This move aligns with the airline's long-term growth strategy and sustainability targets.

The SAFFA Fund, established in December 2023, seeks to enhance the production capacity of sustainable aviation fuels and support the aviation sector's carbon reduction goals. It invests in SAF projects with technological maturity and aims to develop a sustainable fuel supply through a diversified portfolio across various technologies and regions. Airbus serves as the anchor investor, with participation from leading airlines and global aviation and financial institutions.

Turkish Airlines' involvement in the fund not only facilitates access to sustainable aviation fuels but also positions the airline closer to investment and technology projects shaping the sector's future. This investment strengthens its strategic position and shared sustainability objectives with Airbus.

Levent Konukcu, Chief Investment & Strategy Officer at Turkish Airlines, stated, "With this investment in the SAFFA Fund we aim not only to contribute to the development of the sustainable aviation fuel ecosystem but also to maintain our active role in supporting innovative projects that shape the future of the industry."

Michael Dickey Morgan, Executive Managing Director of Burnham Sterling Asset Management LLC, added, "Turkish Airlines' investment adds scale to that strategy and evidences the confidence the Fund's participants have in this asset class."

Turkish Airlines continues to support the industry's transformation through strategic partnerships and investments, contributing to the widespread adoption of sustainable aviation fuels

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