United Airlines, five other companies launch effort to develop sustainable aviation fuel

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The United Airlines Ventures Sustainable Flight Fund will start with money invested from Air Canada, Boeing, GE Aerospace, JPMorgan Chase and Honeywell.

The United Airlines Ventures Sustainable Flight Fund will allow United and the other inaugural investors the chance to play a larger role in startups developing and expanding access to SAF. Partners in the fund will also be eligible for access to environmental attributes that will go with United's supply of SAF.

Since then, United Airlines Ventures has invested in startups focused on decarbonization and new fuel sources. In announcing the United Airlines Ventures Sustainable Flight Fund, Kirby reiterated his belief the path to lower emissions requires developing new ideas and technology. "That's the only way we can decarbonize aviation," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines