Finnair, Gevo Sign SAF Agreement

Finnair and sustainable aviation gas producer Gevo have signed
a brand new settlement during which the service has agreed to buy 7 million gallons
of SAF per yr for 5 years, Gevo introduced Tuesday. Deliveries of the SAF
are anticipated to start in 2027. The settlement is valued at about $192 million
over the five-year interval, in response to Gevo.

Finnair is a member of the Oneworld airline alliance, and
this settlement falls inside the framework of a memorandum of understanding that
Oneworld
and Gevo signed in March 2022 for the member airways to buy as much as 200
million gallons of SAF starting in 2027 for a five-year time period, in response to
Gevo. The SAF producer additionally earlier this month signed an SAF
agreement with Japan Airlines, one other Oneworld member.

The settlement with Finnair is topic to sure situations,
together with Gevo creating, financing and establishing a number of manufacturing
services to provide the SAF, in response to Gevo.