United Airlines, five other companies launch effort to develop sustainable aviation fuel
Publishing timestamp: 2023-02-21 08:00:01
Summary
United Airlines and five corporate partners are investing $100 million to launch a venture capital fund to invest in startups and technology developing and expanding availability of sustainable aviation fuel. Customers can donate to the fund in exchange for 500 United MileagePlus frequent flyer miles. The fund is part of United Airlines' push to cut greenhouse gas emissions and decarbonize aviation.
Sentiment: POSITIVE
Tickers: HON, GE, UAL, JPM, BA, AC-CA, ACDVF,
Keywords: airlines, general electric co, jpmorgan chase & co, business, air canada, honeywell international inc, boeing co, united airlines holdings inc, climate, transportation, joe biden, business news,
Source: https://www.cnbc.com/2023/02/21/united-airlines-sustainable-aviation-fuel.html