Press release
United Rallies Businesses and Consumers with New, First-of-its-Kind $100+ Million Sustainable Flight Fund
Investment vehicle supports start-ups focused on the reduction of carbon emissions in aviation through sustainable aviation fuel research, technology and
About this update from United Airlines Holdings, Inc.
[{"type":"text","content":"Investment vehicle supports start-ups focused on the reduction of carbon emissions in aviation through sustainable aviation fuel research, technology and production\nFund starts with more than $100 million investment from United and its inaugural corporate partners like JPMorgan Chase, GE Aerospace, Honeywell, and Air Canada\nCustomers can now see an estimate of each flight's carbon footprint in their search on United's website and app and can also contribute to supplement United's investment in the United Airlines Ventures Sustainable Flight Fund when buying a ticket - first 10,000 people to add to the fund receive MileagePlus® miles as a thank-you\nUnited has already invested in the future production of three billion gallons of SAF - the most of any airline in the world*\nCHICAGO, Feb. 21, 2023 /PRNewswire/ -- In an effort to rally businesses and consumers, United today launched the United Airlines Ventures Sustainable Flight Fund SM, a first-of-its-kind investment vehicle designed to support start-ups focused on decarbonizing air travel by accelerating the research, production and technologies associated with sustainable aviation fuel (SAF).\nThe fund starts with more than $100 million in investments from United and its inaugural partners** Air Canada, Boeing, GE Aerospace, JPMorgan Chase, and Honeywell. Through the fund, these and potentially additional corporate participants will invest alongside United in SAF technology and production start-ups identified by United. In the past two years alone, United Airlines Ventures has invested in start-ups such as Cemvita, Dimensional Energy, and NEXT Renewable Fuels.\nAnd in a first among U.S. airlines, 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 as a thank-you.\nSAF is an alternative to conventional jet fuel that, on a lifecycle basis, reduces greenhouse gas (GHG) emissions associated with air travel compared to conventional jet fuel alone. SAF, which currently must be blended with conventional jet fuel to meet regulatory requirements for use within the aircraft, is being made from used cooking oil and agricultural waste, and, in the future, could be made from other feedstocks including household trash or f...