American Airlines commits to conditional purchase of 100 ZeroAvia hydrogen-powered engines, increases investment in hydrogen-electric innovator
American Airlines Group, Inc. (AAL)
Last american airlines group, inc. earnings: 4/30 07:30 am
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Source: GlobeNewswire
FORT WORTH, Texas and EVERETT, Wash., July 02, 2024 (GLOBE NEWSWIRE) -- American Airlines today announced that it has entered into a conditional purchase agreement with clean aviation innovator ZeroAvia for 100 hydrogen-electric engines intended to power regional jet aircraft with zero inflight emissions save for water vapor. In addition, American has increased its investment in ZeroAvia. American made its first investment in ZeroAvia in 2022 and has also now participated in the company’s Series C financing round. The engine agreement follows the Memorandum of Understanding the companies announced in 2022. ZeroAvia is developing hydrogen-electric (fuel cell-powered) engines for commercial aircraft, which offer the potential for close to zero inflight emissions. The company is flight testing a prototype for a 20-seat plane and designing an engine for larger aircraft such as the Bombardier CRJ700, which American operates on certain regional routes. “Advancing the transi
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AAL
Earnings
- 4/25/24 - Miss
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Sec Filings
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- AAL's page on the SEC website