You want a fuel that's chemically identical to current jet fuel, not one burdened with extra oxygen. Yes, this would require more energy, but it would be used more effectively in jets.
A drop-in compatible jet fuel can be made by hydrodeoxygenation of biomass, using Virent's process. The waste cellulose in current US waste streams would be more than enough to displace all current US jet fuel consumption. An extra source of hydrogen would be needed to do this, but hydrogen can be made renewably (and, indeed, that's a good way to provide dispatchable demand to help deal with renewable intermittency, and will have to be done anyway to displace the use of natural gas to make hydrogen.)
A drop-in compatible jet fuel can be made by hydrodeoxygenation of biomass, using Virent's process. The waste cellulose in current US waste streams would be more than enough to displace all current US jet fuel consumption. An extra source of hydrogen would be needed to do this, but hydrogen can be made renewably (and, indeed, that's a good way to provide dispatchable demand to help deal with renewable intermittency, and will have to be done anyway to displace the use of natural gas to make hydrogen.)