This article is based on an official press release from Aviation Capital Group.

Aviation Capital Group (ACG), a prominent global full-service aircraft asset manager, has officially p-shed its 2025 Sustainability Report. The document marks the company’s fifth annual review detailing its progress across key environmental, social, and governance (ESG) priorities.

According to the company’s press release, the 2025 report highlights significant strides in fleet modernization and emissions reductions. As the aviation industry faces mounting pressure to decarbonize, aircraft lessors are increasingly prioritizing newer, more fuel-efficient technology to meet long-term climate targets.

The newly released data underscores ACG’s ongoing transition toward a lower-emission portfolio, supported by strategic financial mechanisms and a growing backlog of next-generation aircraft commitments.

Fleet Modernization and Emissions Reductions

In its official press release, ACG reported that new generation, lower-emissions aircraft now account for 79% of its total fleet. This shift is the result of a deliberate fleet renewal strategy executed throughout the year. During 2025, the lessor added 52 new generation aircraft to its portfolio while simultaneously exiting 36 older generation airframes.

These modernization efforts have yielded measurable environmental benefits. ACG stated that it successfully reduced its relative emissions to 13% below its 2018 baseline. Furthermore, the company noted that its portfolio’s relative emissions are now 14% below the broader aviation industry average.

Looking ahead, the lessor continues to build its pipeline of modern aircraft. As of February 2026, ACG has increased its future aircraft commitments to more than 180 aircraft, ensuring a steady influx of fuel-efficient technology in the coming years.

Financial Commitments and Corporate Governance

Beyond fleet metrics, the 2025 Sustainability Report outlines ACG’s integration of ESG principles into its financial and corporate operations. The company announced the extension and upsizing of its Sustainability Linked Loan, which now totals $575 million. Additionally, ACG signed its first Sustainability Linked Leases, aligning its leasing structures with environmental performance metrics.

On the social responsibility front, the press release highlighted that ACG contributed to more than 20 worthy causes worldwide during the 2025 calendar year.

Company leadership emphasized the importance of these initiatives in the context of broader industry goals.

“I am pleased to share ACG’s 2025 Sustainability Report, which reflects the progress we have made embedding sustainability, social responsibility and governance excellence into all aspects of our business. While the path to achieving net zero by 2050 is becoming increasingly demanding, we remain committed to shaping a sustainable future by deepening our impact as a business and broadening our influence across the wider aviation ecosystem through action, leadership, and collaboration.”

, Thomas Baker, Chief Executive Officer and President of ACG, in a company statement.

AirPro News analysis

The Leasing Sector’s Role in Aviation Sustainability

We observe that aircraft leasing companies like Aviation Capital Group play a pivotal role in the aviation industry’s transition to net-zero emissions. Because lessors finance a substantial portion of the global commercial fleet, their procurement decisions directly influence the speed at which older, less efficient aircraft are retired.

By tying financial instruments, such as the $575 million Sustainability Linked Loan and newly introduced Sustainability Linked Leases, to environmental targets, lessors create tangible economic incentives for airlines to operate cleaner aircraft. ACG’s reported metric of maintaining portfolio emissions 14% below the industry average demonstrates how aggressive fleet renewal strategies can outpace the broader market’s decarbonization curve.

Frequently Asked Questions (FAQ)

What is Aviation Capital Group (ACG)?

Founded in 1989, Aviation Capital Group is a premier full-service aircraft asset manager and a wholly owned subsidiary of Tokyo Century Corporation. According to the company, it has approximately 450 owned, managed, and committed aircraft as of December 31, 2025.

How many airlines does ACG serve?

As of the end of 2025, ACG leases its aircraft to roughly 85 airlines operating in approximately 50 countries worldwide.

What are ACG’s future fleet plans?

The company reported that its future aircraft commitments have grown to more than 180 aircraft as of February 2026, focusing heavily on new generation, lower-emissions technology.

Sources

• Aviation Capital Group

This article is based on an official press release from Honeywell and additional project documentation.

Honeywell and Verso Energy Partner to Deploy eSAF Technology Across Seven Global Sites

CHARLOTTE, N.C., In a significant move to scale the production of SAF, Honeywell announced on February 24, 2026, that Verso Energy has selected its UOP eFining™ technology for seven planned production facilities. The agreement covers projects in France, Finland, and the United States, aiming to produce low-carbon electro-sustainable aviation fuel (eSAF) to meet growing regulatory demands.

According to the announcement, Verso Energy, an integrated energy company specializing in low-carbon molecules, will utilize Honeywell’s methanol-to-jet (MTJ) processing solution. Once fully operational, these facilities are projected to produce approximately 200 million gallons of eSAF annually. The partnership leverages Honeywell’s standardized design to reduce capital expenditures and accelerate the timeline for bringing these fuels to market.

Scaling Methanol-to-Jet Technology

The core of this Partnerships is Honeywell’s UOP eFining™ technology, which converts eMethanol, produced from carbon dioxide captured from biological sources and green Hydrogen, into sustainable aviation fuel. This process allows for the creation of “drop-in” fuels that require no modifications to aircraft engines or existing airport infrastructure.

Honeywell reports that eSAF produced through this method can reduce greenhouse gas (GHG) emissions by 88% compared to conventional jet fuel. Barry Glickman, Vice President of Honeywell Low Carbon Energy, emphasized the strategic importance of feedstock flexibility in a company statement:

“Honeywell’s innovative SAF technology portfolio is designed to address two of the biggest challenges in renewable fuel production, cost and feedstock availability. With our eFining technology, companies like Verso Energy can use abundant carbon dioxide as feedstock, making eSAF production scalable and less carbon intensive.”

By utilizing biogenic CO2 rather than lipid-based feedstocks (such as waste oils) used in other SAF production methods, the partnership aims to bypass supply constraints that often limit the scalability of renewable fuels.

Strategic Locations and Project Details

The seven planned facilities are strategically located to leverage local industrial infrastructure and renewable energy sources. According to project details released alongside the announcement, the portfolio includes four sites in France, two in Finland, and one in the United States.

European Expansion

In France, Verso Energy is advancing four projects, including the flagship “DEZiR” project in Petit-Couronne (Normandie) and “ReSTart” in Tartas. Both projects have received support from the EU Innovation Fund. The DEZiR facility is expected to be among the first large-scale eSAF plants in Europe, with operations targeted to begin in 2030.

In Finland, facilities are planned for the Port of Oulu and Tornio. These sites were selected for their access to biogenic CO2 from the forestry industry and the availability of renewable electricity required for green hydrogen production.

United States Market Entry

The partnership also marks Verso Energy’s expansion into the U.S. market, with a facility planned for Jesup, Georgia. Similar to the Finnish sites, this location offers access to forestry byproducts and renewable power potential.

Regulatory Drivers and Market Demand

The acceleration of these projects is heavily influenced by the European Union’s ReFuelEU Aviation initiative. This regulation mandates that aviation fuel suppliers blend increasing amounts of SAF into their supply, with a specific sub-mandate requiring synthetic fuels (like eSAF) to comprise at least 35% of the fuel mix by 2050.

Antoine Huard, CEO of Verso Energy, highlighted the necessity of cost efficiency in meeting these mandates:

“Efficient and cost-effective eSAF production will be crucial for helping airlines comply with regional adoption requirements. Honeywell’s proven SAF technology paired with our standardized design approach will enable us to quickly scale production capabilities and bring additional eSAF to the market sooner, helping to meet growing global demand.”

AirPro News Analysis

The collaboration between Honeywell and Verso Energy highlights a critical pivot in the sustainable aviation sector: the shift from HEFA (Hydroprocessed Esters and Fatty Acids) to Power-to-Liquid (PtL) solutions. While HEFA currently dominates the SAF market, it is constrained by the finite supply of waste oils and fats. eSAF, derived from CO2 and hydrogen, offers theoretically unlimited scalability, provided that renewable electricity is abundant and affordable.

However, the economic viability of eSAF remains a hurdle due to high energy costs. Honeywell’s emphasis on a “standardized design” suggests a strategy focused on modularity to drive down CAPEX, a necessary step if eSAF is to compete with conventional jet fuel without relying entirely on heavy subsidies. The geographic spread of these plants, particularly the entry into Georgia, USA, indicates that Verso is hedging its bets across different regulatory environments, anticipating that the U.S. may eventually adopt synthetic fuel incentives similar to Europe’s ReFuelEU.

Frequently Asked Questions

What is eSAF?
eSAF (electro-sustainable aviation fuel) is a synthetic fuel made by combining green hydrogen (produced via electrolysis using renewable energy) and captured carbon dioxide. It is chemically similar to fossil-based jet fuel but has a significantly lower carbon footprint.

When will these facilities be operational?
The first major facility, Project DEZiR in France, is scheduled to enter operation in 2030. Timelines for the other six facilities will follow based on permitting and construction schedules.

Does eSAF require new airplanes?
No. eSAF is a “drop-in” fuel, meaning it can be blended with conventional jet fuel and used in existing aircraft engines and fuel infrastructure.

Sources:
Honeywell Press Release,
Verso Energy Corporate Data

This article is based on an official press release from SkyNRG and accompanying project documentation.

SkyNRG Reaches Financial Close on Europe’s First Standalone Greenfield SAF Plant

SkyNRG has officially reached financial close for DSL-01, its first dedicated commercial-scale Sustainable Aviation Fuel (SAF) production facility. Located in Delfzijl, Netherlands, the project marks a significant milestone in the European aviation sector’s transition to renewable energy. According to the company’s announcement, construction on the facility has already commenced, with full operations targeted for mid-2028.

The DSL-01 project is distinguished as Europe’s first standalone greenfield SAF plant, meaning it is being built from the ground up rather than as an expansion of an existing fossil fuel refinery. Once operational, the facility is projected to produce 100,000 tonnes of SAF annually, alongside 35,000 tonnes of by-products including bio-propane and naphtha.

Maarten van Dijk, CEO and Co-Founder of SkyNRG, emphasized the strategic importance of this development in a statement regarding the launch:

“Reaching this important milestone… marks an important step in our transition to becoming an owner and operator of SAF production capacity. This milestone demonstrates growing market confidence in scalable SAF production and provides a model for future sustainable fuel projects globally.”

Project Specifications and Technology

The facility will utilize Topsoe’s HydroFlex™ technology, operating on the Hydroprocessed Esters and Fatty Acids (HEFA) pathway. SkyNRG has stated that the plant will process waste oils and fats,predominantly sourced from regional industries,and will explicitly exclude virgin vegetable oils such as palm or soy to avoid competition with food supplies. The project aims to deliver a lifecycle CO2 emissions reduction of more than 85% compared to fossil jet fuel.

Technip Energies has been awarded the Engineering, Procurement, and Construction (EPC) contract for the site. While specific contract values are often confidential, industry reports estimate the value between €500 million and €1 billion. The construction phase is expected to generate hundreds of jobs in the Groningen Seaports region, contributing to the area’s developing green industrial cluster.

Financial Structure and Investment Partners

A critical aspect of the DSL-01 project is its financial structure. It is the first commercial-scale SAF plant to secure non-recourse project financing, a move that signals increasing maturity in the SAF market. Under this structure, lenders are repaid based on the project’s future cash flow rather than the general assets of the parent company.

The investment consortium includes:

• APG: Investing up to €250 million on behalf of the Dutch pension fund ABP.
• Macquarie Asset Management: Contributing approximately €50 million, adding to its previous investments in SkyNRG.
• Debt Syndicate: A consortium of major banks including ABN AMRO, BNP Paribas, Rabobank, Crédit Agricole, and Deutsche Bank.

Arjan Reinders, Head of Infrastructure Europe at APG, noted the alignment of this investment with broader sustainability goals:

“SkyNRG represents the first investment in the SAF sector on behalf of our client [ABP], which is closely aligned with our ambition to create impact by investing at the forefront in energy transition assets.”

Strategic Partnerships and Offtake Agreements

To ensure the commercial viability of the plant, SkyNRG has secured long-term offtake agreements. KLM Royal Dutch Airlines has committed to purchasing 75,000 tonnes of SAF annually for a period of 10 years. This volume represents three-quarters of the plant’s total SAF output and is essential for KLM to meet upcoming EU mandates under the ReFuelEU Aviation Regulation.

Additionally, SHV Energy has agreed to purchase the bioLPG (bio-propane) by-products produced by the facility. Shell, a strategic partner of SkyNRG since 2019, retains an option to purchase SAF from the plant and continues to provide technical and commercial expertise.

AirPro News Analysis

The successful financial close of DSL-01 represents a pivotal moment for the SAF industry, specifically regarding “bankability.” Historically, SAF projects have struggled to attract traditional project finance due to perceived technology and market risks. The willingness of a major banking syndicate to provide non-recourse debt suggests that financial institutions now view HEFA-based SAF production as a stable asset class.

Furthermore, the timing of this project aligns directly with the European Union’s “Fit for 55” regulatory package. With the ReFuelEU Aviation Regulation mandating a 2% SAF blend by 2025 and rising to 6% by 2030, the DSL-01 facility will come online just as demand pressures intensify. Unlike competitors expanding existing refineries, SkyNRG’s success with a standalone greenfield site provides a “proof of concept” that could accelerate the development of similar independent facilities globally, such as their planned projects in the United States and Sweden.

Sources:

• SkyNRG Press Release
• Technip Energies Announcement
• APG Investment Statement