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New Deal


Announced

Southwest Airlines to invest $30m in LanzaJet.

Financials

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Transaction Value£23m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Single Bidder

sustainable fuels

Domestic

Minority

Pending

Alternative Fuels

United States

Acquisition

Private

Synopsis

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Southwest Airlines, a major American airline, agreed to invest $30m in LanzaJet, a sustainable fuels technology company. "Our launch of SARV and our investment in LanzaJet demonstrate that we are not sitting on the sidelines. Rather, we're in the game by taking proactive, disciplined steps toward securing affordable SAF for Southwest, as we continue to march toward our goal of net zero by 2050. We look forward to working with companies and organizations developing important technology, like LanzaJet, which could help us meet our SAF goals," Bob Jordan, Southwest Airlines President & CEO.

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