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United Sustainable Flight Fund adds new corporate partners
The United Airlines Ventures Sustainable Flight Fund has added several new corporate partners.
It added Amex GBT, Aramco Ventures, Aviation Capital Group, Bank of America, Boston Consulting Group, Groupe ADP, Hawaiian Airlines and JetBlue Ventures.
These join inaugural fund partners Air Canada, Boeing, GE Aerospace, JPMorgan Chase, and Honeywell.
With the additions, the fund boosts its investment power to nearly $200 million.
United customers also have the option to contribute to supplement the airline’s investment in the UAV Sustainable Flight Fund. when purchasing flights.
Since the fund launched, more than 60,000 United customers have contributed more than $200,000.
SAF is an alternative to conventional jet fuel that reduces greenhouse gas emissions.
To date, United has invested in over five billion gallons of SAF.
“Our participants demonstrate the commitment to reduce our carbon footprint,” said United Airlines Ventures President Michael Leskinen.
United plans to recruit more corporations across industries to join the fund.
It will prioritize investment in new tech and advanced fuel sources.
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