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Air Canada Launches Initiative With Airbus to Scale Domestic Sustainable Aviation Fuel Industry

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Air Canada (AC.TO) ion Monday said it is investing C$13.7 million through a jointly funded Sustainability Co-Investment Platform with Airbus to support a sustainable aviation fuel (SAF) industry in Canada.

Key areas include accelerating a Canadian SAF project toward a final investment decision. While Air Canada and Airbus intend to drive this investment, both companies hope to spur government partners to support large-scale SAF production in Canada.

"Through this joint initiative with Airbus, we are taking meaningful steps toward supporting domestic SAF production, helping corporate customers address the emissions associated with business travel, and contributing to a lower-carbon path for the industry. With continued industry collaboration and a supportive policy environment, we are confident this momentum can accelerate," said Valerie Durand, who heads corporate real estate and sustainability at Air Canada.

Air Canada shares were last seen down C$0.09, to C$22.49, on the Toronto Stock Exchange.

Price: $22.47, Change: $-0.11, Percent Change: -0.49%

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