- Novus Aviation Capital
Novus launches SAF One to provide aviation industry with circular-economy solutions
Novus Aviation Capital announced May 22 its launch of SAF One Energy Management Ltd.
SAF One is a new platform focused on the development of sustainable aviation fuel (SAF).
SAF One aims to provide reliable and competitive SAF solutions to the aviation industry, supporting the International Air Transport Association’s goal to reduce carbon emissions and promote a circular economy.
SAF One is being launched by Novus in partnership with Sencirc Holdings Ltd., an ADGM investment company with a portfolio of holdings in the circular economy.
SAF One will leverage Novus Aviation Capital’s expertise in aviation finance and leasing, the Novus principals’ experience in sustainable energy, and Sencirc’s experience in the circular economy.
“We are excited to launch SAF One and, as a leading aircraft lessor, are committed to supporting the aviation industry’s efforts to reduce its carbon footprint and offer another attractive product to our customers,” said Mounir Kuzbari, co-founder of SAF One and co-CEO of Novus. “We see SAF One as being able to play an important role in driving the development of sustainable aviation fuel, which we believe is critical to achieving our industry’s environmental goals.”
According to Sencirc’s founder Deepak Munganahalli, SAF One’s vision is to be a global leading platform that delivers SAF solutions to the aviation industry.
“We are excited to work with Novus to establish SAF One,” Munganahalli said. “As a company focused on the circular economy, we recognize the importance of supporting sustainable practices across all industries. The aviation industry is pushing to reduce its carbon footprint and SAF One has been positioned to drive change in this area.”
SAF One will focus on engaging with airlines, airports and other industry stakeholders to develop SAF solutions that are both environmentally and economically sustainable.
By working closely with industry partners, SAF One will support the aviation industry to work towards meeting its sustainability targets while maintaining a viable business model that delivers value to its stakeholders.
SAF One Energy Management Ltd. is registered in the Dubai International Financial Centre.
Novus is an independent, privately held aircraft-leasing platform focused on investing in commercial aircraft assets since 1994.
The Novus team operates out of its four global offices in the Middle East, Europe and Asia.