Latham & Watkins Advises oneworld Alliance Member Airlines in Investment in oneworld BEV Fund to Advance and Commercialize Sustainable Aviation Fuel Technologies

oneworld Alliance and member airlines, in partnership with Breakthrough Energy Ventures (BEV), announced the launch of a new investment fund designed to address the limited availability and high cost of today's Sustainable Aviation Fuels (SAF). The fund, led by cornerstone investors American Airlines and Alaska Airlines, seeks to accelerate the global development of long-term aviation fuel solutions that are cost effective, scalable, and have lower emissions than conventional fuels.

Latham & Watkins LLP represented oneworld Alliance member airlines in the transaction with an Investment Funds team led by partner Nadia Sager and counsel Amber Franklin in partnership with retired Latham partner Anthony Richmond, who now serves as Executive Vice President, Corporate Affairs, and Chief Legal Officer of American Airlines. Counsel Lauren Bewley, with associate Nolon Blaylock, advised on tax matters and partner Anthony Klein, with associate Gabrielle Forte, advised on intellectual property, data, and technology transactions matters.