United Airlines Announces Creation of $100 Million Fund to Support Startups Working on Aviation Decarbonization

Written by Bruno Teles

Published on 22/02/2023 at 15:06

Updated on 17/03/2023 at 16:56

Descarbonização da aviação (Foto/divulgação)

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United Airlines Announced Today the Launch of United Airlines Ventures Sustainable Flight Fund (UAV Sustainable Flight Fund), an Innovative Investment Vehicle Designed to Support Start-Ups Focused on Decarbonizing Aviation.

With over US$ 100 million in investments from United and its partners, Air Canada, Boeing, GE Aerospace, JPMorgan Chase, and Honeywell, this fund serves to accelerate research in decarbonizing aviation, production, and technologies associated with sustainable aviation fuel (SAF).

However, for the first time among U.S. airlines, anyone purchasing a ticket on United’s website or app has the option to contribute to supplement United’s investment in the fund. The first 10,000 people who choose to contribute will receive 500 MileagePlus miles as a thank you.

SAF is an alternative to conventional aviation fuel that reduces greenhouse gas (GHG) emissions associated with air travel compared to conventional aviation fuel. SAF can be produced from used cooking oil and agricultural waste and could eventually be produced from other feedstocks, including household waste or forest residues. So far, United has invested in the future production of over three billion gallons of SAF.

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United Airlines Announces Creation of $100 Million Fund to Support Startups Working on Aviation Decarbonization

United Airlines Announced Today the Launch of United Airlines Ventures Sustainable Flight Fund (UAV Sustainable Flight Fund), an Innovative Investment Vehicle Designed to Support Start-Ups Focused on Decarbonizing Aviation.

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United Airlines Announces Creation of $100 Million Fund to Support Startups Working on Aviation Decarbonization

United Airlines Announced Today the Launch of United Airlines Ventures Sustainable Flight Fund (UAV Sustainable Flight Fund), an Innovative Investment Vehicle Designed to Support Start-Ups Focused on Decarbonizing Aviation.

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