Southwest airlines launches renewable ventures subsidiary to advance sustainable aviation fuel and announces investment in lanzajet

Dallas , feb. 28, 2024 /prnewswire/ -- southwest airlines co.  (nyse: luv) today announces the launch of southwest airlines renewable ventures (sarv), a wholly-owned subsidiary of southwest airlines® dedicated to creating more opportunities for southwest to obtain scalable sustainable aviation fuel (saf), a critical component in the success of the carrier's goal to replace 10% of its total jet fuel consumption with saf by 2030. the carrier also announces a $30 million investment in lanzajet, inc., a saf technology provider and producer with a patented ethanol-to-saf technology and the world's first ethanol-to-saf commercial plant, as part of the sarv investment portfolio.
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