United Airlines’ Ventures Sustainable Flight Fund has increased its investment power to nearly $200 million as sustainability continues to be at the forefront.
Within this, the carrier has been able to add eight corporate companies to the fund being:
- American Express Global Business Travel
- Aramco Ventures
- Aviation Capital Group
- Bank of America
- Boston Consulting Group
- Groupe ADP
- Hawaiian Airlines
- JetBlue Ventures
United Airlines: Decarbonising the Industry is Important…
Commenting on this announcement was Michael Leskinen, the President of United Airlines Ventures:
“While United can’t decarbonize the airline industry alone, we can use our leadership and credibility in this space to rally others to join us”.
“Our new and inaugural participants demonstrate the impressive commitment within aviation and beyond to reduce our carbon footprint and combat the threat of climate change.”
“As companies across the globe are increasingly looking for ways to reduce their environmental impact from flying, the UAV Sustainable Flight Fund presents a unique opportunity – instead of fighting over the current limited supply of SAF, with our partners, we’re working collaboratively to help scale the SAF industry itself, and to get an equity stake in groundbreaking technology while doing it.”
The airline has said that it will continue to recruit corporations across all industries to join the fund in the fight for sustainability in the aviation industry.
All eyes will be on United Airlines to see how much larger they can get this fund, as every penny will make a difference in the battle against climate change.
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