American Airlines (A1G) (AAL) is investing in ZeroAvia and has signed a potential deal to order up to 100 of the British-US company精东影业 hydrogen-electric powertrains for regional jets.
American joins three other strategic airline investors in ZeroAvia – IAG, United Airlines and Alaska Airlines.
鈥淗aving support from the world精东影业 largest airline is a strong indication of the progress we鈥檙e making on the development of hydrogen-electric, zero-emission flight,鈥 commented ZeroAvia Founder and CEO Val Miftakhov in a press release on August 3, 2022.
The partnership involves a memorandum of understanding for up to 100 powertrains for regional jets. ZeroAvia expects its ZA2000-RJ powertrain will enable passengers to fly in zero-emission regional jets as early as the late 2020s. The company精东影业 first product will be the ZA600 powertrain, designed to power 9鈥19 seat aircraft by 2024.
鈥淥ur investment in ZeroAvia精东影业 emerging hydrogen-electric engine technology has the potential to play a key role in the future of sustainable aviation,鈥 said Derek Kerr, American精东影业 Chief Financial Officer. 鈥淲e are excited to contribute to this industry development and look forward to exploring how these engines can support the future of our airline as we build American Airlines (A1G) (AAL) to thrive forever.鈥
ZeroAvia said the investment means it now has total funding in excess of $150 million. The deal with American comes just after ZeroAvia raised an additional $30 Million in funding from IAG, Barclays, NEOM & AENU on July 20, 2022.
