Indian Oil Corporation Ltd (IOCL) and Akasa Air sign letter of intent to explore sustainable aviation fuel supply

Exam-focused facts from the 2 February 2026 current affairs briefing.

Key facts

Indian Oil Corporation Ltd (IOCL) signed a letter of intent with Akasa Air at Wings India 2026 in Hyderabad to explore future sustainable aviation fuel (SAF) supply.
The agreement sets a framework to assess SAF volumes, feedstocks and logistics without committing to firm timelines or quantities.
IOCL and Akasa Air will evaluate feasibility of SAF supply to support the airline’s sustainability targets.
SAF is used as a lower-emission alternative to conventional jet fuel to reduce lifecycle greenhouse gas emissions from air travel.