Wizz Air Participates in USD 50 mln Investment

Deals

Hungarian low-fare carrier Wizz Air this week said it has participated in a USD 50 million investment round in CleanJoule, a U.S.-based startup focused on the production of sustainable aviation fuel (SAF), according to azuzlet.hu.

The investment round was led by the principals of U.S. private equity firm Indigo Partners and included participation by Wizz Air peers Frontier Airlines and Volaris, in addition to other investors.

The funds will support the further development of CleanJoule's technology to produce SAF from agricultural residues and other waste biomass more cost-effectively.

As part of the consortium's investment, Wizz Air, Frontier Airlines and Volaris have signed binding agreements to purchase up to 90 million gallons of SAF.

Scope Assigns MOL BBB- Issuer Rating Ratings

Scope Assigns MOL BBB- Issuer Rating

Budapest Residents to Weigh in on Rákosrendező Development P... Issues

Budapest Residents to Weigh in on Rákosrendező Development P...

AutoWallis Becomes Importer of Geely Group’s Commercial EV B... Automotive

AutoWallis Becomes Importer of Geely Group’s Commercial EV B...

These Are the Most Sleep-friendly Hotels in Hungary Hotels

These Are the Most Sleep-friendly Hotels in Hungary

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.