Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

United Airlines to buy 100, 19-seat electric planes from Heart Aerospace

Stock MarketsJul 13, 2021 07:05AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren

By Allison Lampert

(Reuters) - United Airlines said on Tuesday it would buy 100 19-seat ES-19 electric planes from Swedish start-up Heart Aerospace, as the U.S. carrier eyes battery-powered aircraft for regional routes.

It is the latest in a series of such "innovation-related" announcements by United as major airlines come under pressure to cut emissions.

The U.S. carrier's venture funding arm said in a release it is also investing an undisclosed amount in the company with Bill Gates' Breakthrough Energy Ventures and Mesa Airlines.

United would not disclose the value of the order, which is conditional on the aircraft's meeting safety, business and operating requirements.

Mesa would buy an additional 100 ES-19s, subject to similar requirements, which can fly customers up to 250 miles.

The plane will enter service as soon as 2026.

Electric planes can make only short urban or commuter trips because of the size and weight of the batteries.

United could use the aircraft to connect hubs like Chicago O'Hare International Airport to smaller routes. Some of these routes have been cut by legacy carriers because they are too expensive.

"With a lower cost profile you can bring back more smaller markets than were possible with the higher cost of a jet-fueled aircraft," Mike Leskinen, president of United Airlines Ventures, said in an interview.

He sees the aircraft, which generate zero operational emissions, as a stepping stone toward larger planes.

"We don't want to wait for 50 seats, 75 seats, 125-seat aircraft," Leskinen said. "We want to get involved now by investing in a company that we think has a big technological lead with the hopes of over time working with them to move the size of the aircraft to larger gauge."

This year, the carrier also invested and announced an order in electric aircraft company Archer.

United has said it would reduce its greenhouse gas emissions by 100% by 2050.

United Airlines to buy 100, 19-seat electric planes from Heart Aerospace
 

Related Articles

Construction comeback sets Vinci on road to recovery
Construction comeback sets Vinci on road to recovery By Reuters - Jul 30, 2021

By Sarah Morland (Reuters) - France's Vinci raised its 2021 outlook on Friday, saying sales and profit margins at its energy and construction businesses should exceed pre-pandemic...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Me comment
Me comment Jul 13, 2021 9:56AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
no thanks with a range of maybe 225 miles before recharging no economically viable.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email