22/02/2023
United launches sustainable flight fund for start-ups
22/02/2023
In an effort to rally businesses and consumers, United launched the United Airlines Ventures Sustainable Flight Fund, a first-of-its-kind investment vehicle designed to support start-ups focused on decarbonising air travel by accelerating the research, production and technologies associated with sustainable aviation fuel (SAF).
22/02/2023
The fund starts with more than $100 million in investments from United and its inaugural partners Air Canada, Boeing, GE Aerospace, JPMorgan Chase, and Honeywell.
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22/02/2023
"Solving climate change is doable but it requires hard work and real leadership," said Scott Kirby, CEO, United. "This fund is unique. It's not about offsets or things that are just greenwashing. Instead, we're creating a system that drives investment to build a new industry around sustainable aviation fuel, essentially from scratch. That's the only way we can actually decarbonise aviation."
22/02/2023
The UAV Sustainable Flight Fund is open to investment by corporations across industries and the fund will prioritize investment in new technology, advanced fuel sources and proven producers, all in an effort to scale the supply of SAF. Partners of the fund also have the potential to gain preferential access to environmental attributes associated with United's supply of SAF.
22/02/2023
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22/02/2023
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