Airlines

United adds new corporate partners to sustainable flight fund that now exceeds $200 Million

United today announced that Aircastle, Air New Zealand, Embraer, Google, HIS, Natixis Corporate & Investment Banking, Safran Corporate Ventures, and Technip Energies are now among the 22 corporate partners that make up the airline’s The United Airlines Ventures Sustainable Flight FundSM, a first-of-its kind effort to reduce emissions and drive production of sustainable aviation fuel (SAF) through investments in startups.

Since its inception in February 2023, the Fund remains aviation’s first and only venture fund backed by a broad limited partner base and created to identify and support startups advancing feedstock and technology development focused on increasing the supply of SAF.

Andrew Chang, Managing Director of United Airlines Ventures said: “SAF is the best tool we have to decarbonize airplanes, but we don’t have enough of it.

“To create the fuel supply we need for our fleet, United recognized that we would have to help build a brand-new industry from scratch – like wind and solar in previous decades.

“As part of our effort to build a new sustainable aviation ecosystem, we recruited a group of partners with the industry expertise to support our startups with both financial and strategic capital, to help them navigate the entire process from conception to commercialization.”

 

Share
.