United Airlines, a US-based flight operator, has started its corporate venturing unit.
United Airlines Ventures will focus on sustainability concepts that support the company’s goal of net-zero emissions by 2050, as well as other travel-related startups.
Michael Leskinen, United’s vice-president of corporate development and investor relations, will oversee the venture unit as president and incorporate its initial investments in Archer Aviation, Clear and Fulcrum BioEnergy.
Scott Kirby, CEO at United, said: “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 revolutionise how airlines operate and in turn, the experience customers have when they fly.
“With United Airlines Ventures, we are signalling 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.”
Michael Leskinen photo from United.
