This study assesses the economic and environmental implications of Sustainable Aviation Fuel (SAF) production using Alcohol-to-Jet (ATJ) and Gasification Fischer-Tropsch (GFT) technologies, focusing on Colombian lignocellulosic feedstocks and evaluating key performance indicators such as yield, minimum fuel selling price, and life cycle assessment. GFT demonstrates promising results, yielding and Minimum Fuel Selling Price (MFSP) of about 1.3 USD/L and a Life Cycle Assessment (LCA) of 3.2 to 7.7 gCO2 eq/MJ. However, its scalability is constrained by the volumes it manages. On the other hand, ATJ has an MFSP between 1.9 and 2.4 USD/L. Aligned with aviation industry goals for carbon-neutral growth, this analysis provides valuable insights for policymakers and industry stakeholders, supporting informed decisions toward sustainable aviation fuel adoption in the Colombian context.