United Airlines To Acquire 100 Of Heart Aerospace's ES-19 Aircraft

United Airlines Holdings Inc UAL corporate venture fund United Airlines Ventures, along with Breakthrough Energy Ventures and Mesa Airlines MESA, have invested in electric aircraft startup Heart Aerospace.
Heart Aerospace is developing the ES-19, a 19-seat electric aircraft that can fly customers up to 250 miles before the end of this decade.
Additionally, United Airlines has conditionally agreed to purchase 100 ES-19 aircraft. Mesa Airlines has also agreed to add 100 ES-19 aircraft to its fleet.
United Airlines Ventures 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.
This investment demonstrates confidence in Heart's design and creates the potential for Heart to fast-track the ES-19 introduction to the market as early as 2026.
United Airlines expects the short-haul regional air travel market to play a key role in the evolution of electric aircraft.
Price action: UAL shares are trading lower by 6.02% at $43.24 on the last check Monday.