United Airlines and other big-name companies are launching a fund to invest in sustainable-aviation-fuel startups. It is a big challenge.
United Airlines Holdings Inc. is launching a fund backed by several big-name aerospace and financial companies to invest in startups aiming to produce sustainable aviation fuel, in one of the largest efforts yet to lower emissions from air travel.
Created through United’s venture investing arm, the new fund will start with more than $100 million from the company and partners including Air Canada , Boeing Co. , JPMorgan Chase & Co., Honeywell International Inc. and General Electric Co. , United said Tuesday.
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