JetBlue Signs Accord to Speed Use of Sustainable Aviation Fuel

JetBlue Airways Corp. aircraft at Ronald Reagan National Airport (DCA) in Arlington, Virginia, U.S., on Tuesday, May 25, 2021. AAA Travel's Memorial Day forecast said more than 37 million people are expected to travel 50 miles or more for the holiday weekend, an increase of 60% from last year compared to last year's record low. Photographer: Stefani Reynolds/Bloomberg , Bloomberg

Mary Schlangenstein, Bloomberg News

Sep 29, 2021

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(Bloomberg) -- JetBlue Airways says an agreement with SG Preston puts it on pace to convert nearly 8% of total jet fuel use to sustainable aviation fuel by the end of 2023, compared with its original goal of hitting 10% on a blended basis by year-end 2030.

  • Agreement doubles JetBlue’s previous fuel commitment with SG Preston reached in 2016 and will be its largest single jet-fuel contract, the carrier says
  • Under 10-year agreement starting in 2023, SG Preston to deliver at least 670 million gallons of blended SAF to JetBlue for flight operations at New York-area airports
  • JetBlue to invest more than $1 billion to buy the fuel over the agreement at price it says is competitive to traditional Jet-A fuel, reducing carbon dioxide emissions by about 1.5 million metric tons
  • NOTE: Sept. 19, 2016, JetBlue to Burn Renewable Biofuel Mix on Some New York Flights

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