Southwest Airlines completes acquisition of SAFFiRE Renewables, LLC to advance sustainable aviation fuel (SAF) technology
Mar 28, 2024•over 1 year ago
Acquiring Company
Southwest Airlines
Acquired Company
SAFFiRE Renewables
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.
M&A Insights
Based on deal dataIntegration 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
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