United Airlines to purchase 100 electric planes from Heart Aerospace

As part of its largest order ever for 270 Boeing and Airbus jets, United Airlines will undertake a nose-to-tail transformation of its fleet and offer a new and improved in-flight experience for passengers.

United Airlines is placing a new bet on electric air travel as part of its goal to reduce its greenhouse gas emissions 100% by 2050.

UNITED AIRLINES CEO SAYS TRAVEL WON’T FULLY RECOVER UNTIL 2023 AS BUSINESS DEMAND LAGS

The company’s investment arm, United Airlines Ventures (UAV), as well as its partners Breakthrough Energy Ventures (BEV) and Mesa Airlines, have announced a new investment in Gothenburg, Sweden–based electric aircraft startup Heart Aerospace, which will fast track the development of its ES-19 electric aircraft to begin commercial service by 2026.

Ticker Security Last Change Change %UAL UNITED AIRLINES HOLDINGS, INC. 48.78 -1.83 -3.62%

A United spokesperson declined to disclose the financial terms of the investment. Heart…

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