United Airlines launches $100 million sustainable flight fund

Wednesday, 22 Feb, 2023 0

United Airlines has launched the United Airlines Ventures Sustainable Flight Fund..

It is a first-of-its-kind investment vehicle to support start-ups focused on decarbonizing air travel.

The fund starts with more than $100 million in investments from United and its  partners.

These are Air Canada, Boeing, GE Aerospace, JPMorgan Chase, and Honeywell.

Through the fund, corporate participants will invest alongside United in SAF technology and production start-ups.

In the past two years alone, United Airlines Ventures has invested in sustainable flight start-ups such as CemvitaDimensional Energy, and NEXT Renewable Fuels.

Anyone who buys a ticket on the United website or app now has the option to contribute to supplement United’s investment in the fund.

The first 10,000 people who choose to contribute will each receive 500 MileagePlus Miles.

United CEO Scott Kirby said: “We’re creating a system that drives investment to build a new industry around sustainable aviation fuel.”



Related News Stories :   Emirates funding US$200 million for sustainable aviation initiatives     SkyTeam’s sustainable flight challenge takes off     Maldives resort Gili Lankanfushi unveils new Eco-Centre     Sentosa Island eliminating plastic bottles     WTTC: Time for action on sustainable aviation fuel     France short haul flight ban takes effect  



Learn more about :   United Airlines ( United Kingdom )  

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