CHICAGO (AP) — United Airlines says it is investing in a startup that is trying to build electric-powered aircraft and might buy 100 of the small planes.
The airline declined Tuesday to say how much money it will put into Sweden-based Heart Aerospace.
Heart vows to produce and win regulatory approval of its ES-19 design by 2026. United said the plane “has the potential” to carry passengers short distances by the end of the decade.
United said it has “conditionally agreed” to buy 100 of the 19-seat planes if they meet the airline's safety, business and operating needs, which it didn't spell out. It said that Mesa Airlines, which operates many United Express regional flights, made a similar pledge for 100 planes.
This is the latest in a series of announcements by United expressing interest in electric and supersonic planes.
Before you consider United Airlines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Airlines wasn't on the list.
While United Airlines currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
