United Airlines Establishes New Venture Capital Fund to Invest in ‘High-Potential’ Companies Focusing on Sustainability

By Paul Riegler on 10 June 2021
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United Airlines will create a new venture capital fund that will invest in “high-potential companies focused on sustainability, aerospace, and other innovative technologies,” it said.

The fund, dubbed United Airlines Ventures, will concentrate on companies and technologies that will help the airline meet its goal of net zero emissions by 2050.  The airline said it will use the fund to accelerate the growth of small- to medium-sized companies “with strong potential.”

“Younger companies today have learned from aviation’s rich history and are combining it with more advanced technology and creative thinking to develop new ideas that give us the ability to revolutionize how airlines operate and in turn, the experience customers have when they fly,” said the airline’s CEO, Scott Kirby. “With United Airlines Ventures, we’re signaling our confidence in these companies and propelling them forward with our expertise and financial support to demonstrate that our commitment to innovation will strengthen our company and improve our customers’ experience more quickly than anyone ever anticipated.”

The airline appointed Michael Leskinen, its current vice president of corporate development, to serve as president of the new entity.  Leskinen will also continue with his current duties.

(Photo: Accura Media Group)

Accura News

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