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American Airlines invests in electric vertical takeoff

Christian Fernsby |
rnAs part of its ongoing commitment to environmental sustainability, American Airlines announced it will invest in Vertical Aerospace, a UK business developing electric vertical takeoff and landing (eVTOL) aircraft.

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With the investment, American is demonstrating its focus on emerging technologies to reduce carbon emissions and investing in innovative ways that could improve the customer journey.

As part of its investment in Vertical, American has agreed to pre-order, subject to certain future agreed upon milestones and other terms, up to 250 aircraft, representing a potential pre-order commitment of $1 billion, and an option to order an additional 100 aircraft.

The airline also expects to make a $25 million investment in Vertical through a private investment in public equity (PIPE) transaction. Vertical is developing the VA-X4, a zero-carbon aircraft that can carry four passengers and a pilot, and fly at speeds up to 200 mph over a range of over 100 miles.

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