United will potentially buy up to 100 small electric planes in new soft order
United Airlines and regional carrier Mesa Airlines said on Tuesday that each will buy up to 100 electric aircraft from Swedish startup Heart Aerospace.
The agreement — which is not a firm order — came as part of an investment by United's venture capital subsidiary, United Airlines Ventures (UAV), in the Swedish planemaker. Breakthrough Energy Ventures, the alternative energy-focused VC fund founded by Bill Gates, also invested in Heart as part of the deal announced Tuesday.
Whether the orders for Heart's 19-seat ES-19 aircraft are ever actually delivered is far from certain. United said that the aircraft must "meet United's safety, business and operating requirements" before any sale is finalized, and added that Mesa had implemented similar terms.
The ES-19 has a potential range of 250 miles, which, along with the small size, limits the potential ways that a larger airline or regional carrier like Mesa could use the planes. Mesa operates flights for United and American Airlines under the United Express and American Eagle brands, respectively.
Heart is targeting an ambitious 2026 debut for the plane, although it is not clear whether that target can be reached given stringent certification requirements for the new aircraft type.
"We recognize that customers want even more ownership of their own carbon emissions footprint" Michael Leskinen, a vice president at United who heads the UAV subsidiary, said in a press release. "We're proud to partner with Mesa Air Group to bring electric aircraft to our customers earlier than any other US airliner."
More: United Airlines announces deal with Boom Supersonic for faster-than-sound commercial flights
The deal was the latest of several similar announcements from United, which has made several high-profile investments in aviation startups, mostly skewing towards companies investing in alternative forms of fuel. In February, the airline announced a partnership with eVTOL startup Archer Aviation — the company unveiled its flying taxi design last month — and in June, United said it had invested in Boom Supersonic, which aims to design a cost-effective supersonic passenger jet that uses so-called sustainable aviation fuels (SAFs).
Rival airlines American and Virgin Atlantic have also announced investments in eVTOL startups, though it's unclear exactly what timeline might prove realistic for bringing such products to market.
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The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
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Cons
- The card requires significant spending to earn the welcome offer.
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- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
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- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
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- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month