United's sustainable flight fund grows to nearly US$200 million

American Express Global Business Travel, Aramco Ventures, Avia-tion Capital Group, Bank of America, Boston Consulting Group, Groupe ADP, Hawaiian Airlines and JetBlue Ventures, will join in-augural fund partners Air Canada, Boeing, GE Aerospace, JPMorgan Chase, and Honeywell.

United customers also have the option to contribute to supplement the airline's investment in the UAV Sustainable Flight Fund when they book flights. Since the fund launched, more than 60 000 Unit-ed customers have contributed a total of more than US$200 000.

To date, United has invested in the future production of over five billion gal. of SAF – the most of any airline in the world.

United Airlines Ventures President Michael Leskinen, said: "While United can't decarbonise the airline industry alone, we can use our credibility in this space to rally others to join us. Our new and inau-gural participants demonstrate the impressive commitment within aviation to reduce our carbon footprint and combat the threat of climate change. As companies across the globe are increasingly looking for ways to reduce their environmental impact from flying, the UAV Sustainable Flight Fund presents a unique opportunity – instead of fighting over the current limited supply of SAF, with our partners, we're working collaboratively to help scale the SAF industry itself."

United will continue to recruit corporations across industries to join the fund and will prioritise investment in new technology, advanced fuel sources, and proven producers – all in an effort to help scale the supply of SAF. Partners also have the potential to gain preferential access to environmental attributes associated with United's future supply of SAF.

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/26072023/uniteds-sustainable-flight-fund-grows-to-nearly-us200-million/