Southwest Airlines completes acquisition of SAFFiRE Renewables, LLC to advance sustainable aviation fuel (SAF) technology
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.
Quick answer
Southwest Airlines is acquiring SAFFiRE Renewables, announced March 28, 2024. Southwest Airlines is based in Dallas, Texas, United States.
- How much did Southwest Airlines pay for SAFFiRE Renewables?
- The deal value was not disclosed.
- What does Southwest Airlines do?
- Southwest Airlines Co. is a major American airline headquartered in Dallas, Texas, and is the world's largest low-cost carrier.
- Where are Southwest Airlines and SAFFiRE Renewables based?
- Southwest Airlines is based in Dallas, Texas, United States.
- Who are the decision-makers at Southwest Airlines?
- Fundz holds 1 contact at Southwest Airlines. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired SAFFiRE Renewables?
SAFFiRE Renewables was acquired by Southwest Airlines, based in Dallas. The deal was reported on March 28, 2024. 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. Southwest Airlines is publicly traded (LUV) and operates in Transportation.
When did Southwest Airlines acquire SAFFiRE Renewables?
Southwest Airlines's acquisition of SAFFiRE Renewables was reported on March 28, 2024. Southwest Airlines Co. (NYSE: LUV) has acquired SAFFiRE Renewables, LLC as part of its commitment to propelling sustainable aviation fuel (SAF) technology forward. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does SAFFiRE Renewables do?
SAFFiRE Renewables, LLC is part of a project supported by the Department of Energy to develop and produce scalable renewable ethanol that can be upgraded into sustainable aviation fuel (SAF). It is privately held, operating in Energy.
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