United Advances Innovation Through Corporate Venture Capital Fund

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CHICAGO, June 10, 2021 /PRNewswire/ — United Airlines launched a new, corporate venture fund today – United Airlines Ventures – that will allow the airline to continue investing in emerging companies that have the potential to influence the future of travel. The new fund will concentrate on sustainability concepts that will complement United’s goal of net zero emissions by 2050 – without relying on traditional carbon offsets – as well as revolutionary aerospace developments and innovative technologies that are expected to create value for customers and United’s operation.
“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 United 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.”With major agreements announced in just the last six months including agreements to invest in, collaborate with and purchase aircraft from Archer Aviation, United has proven its commitment to work with companies that are developing transformational technologies and services that are designed to revolutionize the customer experience and redefine how airlines operate.Through United Airlines Ventures, United will continue to forge a new path by accelerating the growth

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