United Adds New Corporate Partners to Sustainable Flight Fund That Now Exceeds $200 Million
CHICAGO, Feb. 14, 2024 /PRNewswire/ -- United today announced that Aircastle (a Marubeni & Mizuho Leasing Company), 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.
- The airline has included a way for everyday consumers to participate as well.
- Anyone using United.com or the United app has an option to contribute to supplement United's investment in the UAV Sustainable Flight FundSM before check-out.
- In less than 12 months, more than 115,000 people have contributed nearly $500,000 since February 2023.