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Southwest Airlines completes acquisition of SAFFiRE Renewables, LLC to advance sustainable aviation fuel (SAF) technology

Mar 28, 2024over 1 year ago

Acquiring Company

Southwest Airlines

Acquired Company

SAFFiRE Renewables

Dallasairlines/aviationBiomass EnergyRenewable EnergyEnergy

Description

Southwest Airlines Co. (NYSE: LUV) has acquired SAFFiRE Renewables, LLC as part of its commitment to propelling sustainable aviation fuel (SAF) technology forward. This move reinforces Southwest's dedication to creating opportunities for scalable renewable ethanol production, which will contribute to the airline's Nonstop to Net Zero plan and its goal of achieving net zero carbon emissions by 2050.

Company Information

Company

Southwest Airlines

Location

2702 Love Field Drive

Dallas, Texas, United States

About

Southwest Airlines Co. is a major American airline headquartered in Dallas, Texas, and is the world's largest low-cost carrier. The airline was established in 1967 and adopted its current name in 1971.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed