IOC and Akasa will evaluate potential SAF supply volumes, delivery locations, and timelines following the LOI, signed by senior executives of the two companies, at Wings India in Hyderabad.
| Photo Credit: Arrangement
Indian Oil Corporation and Akasa Air signed a letter of intent (LOI) at Wings India 2026 to explore the future supply of Sustainable Aviation Fuel (SAF).
The LOI proposes to establish a framework for collaboration, between the two companies, to support the airline’s sustainability goals through the potential supply of SAF. They will also work towards evaluating potential SAF supply volumes, delivery locations, and timelines as well as the use of approved sustainable feedstocks and production pathways, Indian Oil said.
SAF is a critical pathway for reducing lifecycle greenhouse gas emissions from air travel and expected to play a key role in the aviation sector’s transition towards net-zero emissions, the oil company said in a release on Thursday.
“The LOI reflects our commitment to scaling low-carbon fuels and supporting customers in their energy transition. By leveraging our expertise across fuel production, supply, and logistics, we aim to play a meaningful role in enabling an early transition to the usage of SAF,” Country Head (Aviation Business) at IOC Shailesh Dhar said.
Akasa Air’s Boeing 737-8 MAX on static display at Wings India 2026 at Begumpet Airport in Hyderabad.
| Photo Credit:
SIDDHANT THAKUR
Published – January 29, 2026 08:40 pm IST
