United Airlines has launched the United Airlines Ventures Sustainable Flight Fund..
It is a first-of-its-kind investment vehicle to support start-ups focused on decarbonizing air travel.
The fund starts with more than $100 million in investments from United and its partners.
These are Air Canada, Boeing, GE Aerospace, JPMorgan Chase, and Honeywell.
Through the fund, corporate participants will invest alongside United in SAF technology and production start-ups.
In the past two years alone, United Airlines Ventures has invested in sustainable flight start-ups such as Cemvita, Dimensional Energy, and NEXT Renewable Fuels.
Anyone who buys a ticket on the United website or app now has the option to contribute to supplement United’s investment in the fund.
The first 10,000 people who choose to contribute will each receive 500 MileagePlus Miles.
United CEO Scott Kirby said: “We’re creating a system that drives investment to build a new industry around sustainable aviation fuel.”
