The UK government is investing £219 million ($294 million) to accelerate development of the country's SAF industry. Disclosed on 16 June, the initiative includes £93 million over the next two years for companies developing SAF projects. Applications will open in mid-July. The funding is part of a broader low-carbon fuels fund set to launch later this summer. The Department for Transport (DfT) says the programme will help to establish the UK as a global hub for SAF production, contributing £5 billion to the country's economy by 2050, and builds on £198 million already committed through the Advanced Fuels Fund since 2022. Alongside the announcement, the government has launched a call for evidence on the UK's SAF mandate. This stipulates that SAF's share of fuel uplifted must rise from 2% last year to 10% in 2030 and 22% by 2040. The consultation is intended to ensure the policy framework "remains responsive to an evolving market", the DfT says.

Asiana Airlines has exercised conversion rights on bonds issued by Air Busan that have increased its stake in the low-cost carrier to 58.4% as it plans to merge it with two other low-cost carriers during the first quarter of 2027. The company, which is now a subsidiary of Korean Air, announced the transaction in a 15 June stock exchange filing that shows the nominal cost of the transaction was W100 billion ($66 million). Asiana acquired the unguaranteed perpetual private convertible bonds in May 2025, with maturity in 2055. The bonds were subject to a 12-month period where they could not be converted. Prior to the conversion, Asiana held a 41.9% stake in Air Busan, with the remainder held by the Busan City government and other institutional investors. The airline operates a fleet of 21 Airbus A320 family aircraft, comprised of eight A321neos, eight A321ceos and five A320ceos, Cirium fleets data shows. Earlier on 2 June, Air Busan confirmed in a separate statement that it is working with two other Korean Air Group-affiliated low-cost carriers – Air Seoul and Jin Air – on a plan to merge and create a single airline. "We are currently reviewing detailed matters regarding the launch of the integrated LCC, including specific merger methods, ratios, and schedules. We plan to proceed with the goal of launching the integrated LCC within the first quarter of 2027, in conjunction with the parent company’s merger schedule," Air Busan states. Air Seoul, which is an Asiana subsidiary, operates six A321ceos, while Jin Air operates 33 Boeing jets, comprised of 19 737-800s, three -900s, seven Max 8s and four 777-200ERs.

Alaska Air Group is watching the jet fuel market "optimistically" as the USA and Iran move towards signing an agreement later this week that could lead to a longer-term peace deal. "I think it's still early days, and we're still watching. There's still a lot to be discovered from this, from what we've heard," Jason Berry, executive vice-president and chief operating officer of Alaska Air Group, told Cirium on 16 June. "I'm encouraged – I can say that. You're seeing already the market reacting, but I think it's still a long, long time until we really know what that does to the impact of fuel for us." He adds: "So we're watching optimistic, but still we're prepared for sort of running every sort of scenario we can to be ready." The war in Iran, launched by the USA and Israel on 28 February, made jet fuel more expensive for airlines after a major oil thoroughfare, the Strait of Hormuz, was closed. Back on 3 June, Alaska Air Group's chief financial officer Shane Tackett said at the TD Cowen 10th Annual Future of the Consumer Conference that he saw the jet fuel market as stable as it has been since mid-February and early March when the Iran conflict started. He noted at that time that jet fuel spot prices were below $3.80 per gallon, having come off highs of $5 and then being "pretty sticky" at between $4.50-$4.70 through the latter half of the first quarter and first half of the second quarter. Tackett said the tickets Alaska was selling at that moment were "probably covering [the increase in the] spot price of fuel in their entirety".