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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArcher Aviation's Adam Goldstein and United Airlines Venture's Andrew Chang talk air taxi progressAdam Goldstein, Archer Aviation co-CEO & co-founder and Andrew Chang, United Airlines Ventures managing director, join CNBC's Phil LeBeau and 'Closing Bell Overtime' to talk getting another step closer to commercial air taxi.
Persons: Archer Aviation's Adam Goldstein, Andrew Chang, Adam Goldstein, Archer, Phil LeBeau Organizations: United Airlines, Archer Aviation, United Airlines Ventures
United Airlines appoints insider Leskinen as finance chief
  + stars: | 2023-09-22 | by ( ) www.reuters.com   time to read: +1 min
United Airlines first new livery Boeing 737-800 arrives at O'Hare International Airport in Chicago, Illinois, U.S., June 5, 2019. REUTERS/Kamil Krzaczynski Acquire Licensing RightsSept 22 (Reuters) - United Airlines (UAL.O) said on Friday it had promoted company insider Michael Leskinen to chief financial officer, nearly four months after Gerry Laderman announced plans to retire in 2024. Leskinen's appointments comes at a time when United is set to benefit from a boom in high-margin international travel, even though early signs show that domestic travel demand might have peaked. In the second quarter, international passenger revenue accounted for about 41% of the airline's total passenger revenue. Leskinen joined the Chicago-based carrier in 2018 as the managing director for investor relations and most recently served as the president of United Airlines Ventures.
Persons: Kamil Krzaczynski, Michael Leskinen, Gerry Laderman, Leskinen, Laderman, Shivansh, Maju Samuel Organizations: United Airlines, Boeing, International, REUTERS, United Airlines Ventures, Thomson Locations: Chicago , Illinois, U.S, Chicago, Bengaluru
A United Airlines passenger plane takes off from Frankfurt Airport. The United Airlines Ventures Sustainable Flight Fund will start with $100 million invested by United Airlines, Air Canada , Boeing , GE Aerospace, JPMorgan Chase and Honeywell . The United Airlines Ventures Sustainable Flight Fund will allow United and the other inaugural investors the chance to play a larger role in startups developing and expanding access to SAF. Since then, United Airlines Ventures has invested in startups focused on decarbonization and new fuel sources. In announcing the United Airlines Ventures Sustainable Flight Fund, Kirby reiterated his belief the path to lower emissions requires developing new ideas and technology.
CHICAGO, Feb 21 (Reuters) - United Airlines (UAL.O) launched on Tuesday a more than $100 million investment fund to support start-ups focused on the research and production of sustainable aviation fuel (SAF). The Chicago-based carrier along with inaugural partners such as Air Canada (AC.TO), Boeing (BA.N), General Electric (GE.N) JPMorgan Chase (JPM.N) and Honeywell (HON.O) have invested in the United Airlines Ventures Sustainable Flight Fund, it said. United said the fund was open to investment by companies across industries and would prioritize investment in new technology and "proven" producers. United's Chief Sustainability Officer Lauren Riley said the investment fund was aimed at scaling up the supply of SAF. However, as of last December, the total volume of SAF used in its operations remained less than 0.1% of its total aviation fuel usage.
Vertical lift aircraft have existed for more than a century in the form of helicopters. But the $49 billion industry faces a rapidly emerging threat. An estimated 200 companies are working to build electric vertical takeoff and landing vehicles (eVTOLs), a new type of small passenger aircraft designed for transportation within congested urban environments. "The electrification makes the aircraft safer. Safer aircraft also becomes less costly to maintain."
United Airlines is pouring more money into the future of electric air taxis, which the carrier says could help reduce carbon emissions once the aircraft come to market and replace car trips. The carrier said Thursday that it agreed to buy 200 electric air taxis from Eve Air Mobility, an Embraer-backed startup, and that it has options to purchase 200 more. Chicago-based United is also investing $15 million in Eve, which listed on the New York Stock Exchange in May. The announcement follows an agreement to purchase 100 electric aircraft from Archer Aviation along with a $10 million deposit. Michael Leskinen, president of United Airlines Ventures, projected the one-way cost to the airport would be about $100 to $150.
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