| United Airlines Ventures (UAV), along with Breakthrough Energy Ventures (BEV) and Mesa Airlines, have invested in electric aircraft start-up Heart Aerospace. Heart Aerospace, located at Säve Airport in Gothenburg, Sweden, is developing the ES-19, a 19-seat electric aircraft that has the potential to fly customers up to 250 miles before the end of this decade. In addition to UAV’s investment, United Airlines has conditionally agreed to purchase 100 ES-19 aircraft, once the aircraft meet United’s safety, business and operating requirements. Mesa Airlines, United’s key strategic partner in bringing electric aircraft into commercial service, has also agreed to add 100 ES-19 aircraft to its fleet, subject to similar requirements. |
| UAV is building a portfolio of companies that focus on innovative sustainability concepts and create the technologies and products necessary to build a carbon-neutral airline and reach United’s net-zero greenhouse gas emissions goals. With this new agreement, United is deepening its bold commitment to reduce its greenhouse gas emissions 100% by 2050 without relying on traditional carbon offsets, as well as enabling the growth of Heart Aerospace and participating in the development of aircraft that will reduce greenhouse gas emissions from flying. |
| UAV and BEV are among the first investors in Heart Aerospace, demonstrating confidence in Heart’s design and creating potential for Heart to fast track the ES-19 introduction to market as early as 2026. |
