Tag: united airlines
Heart Aerospace raises $35M Series A, lands order with United and Mesa Airlines for 200 aircraft
Swedish electric aviation startup Heart Aerospace has received its biggest order to date: 200 of its inaugural ES-19 electric aircraft from aviation giant United Airlines and its regional airline partner Mesa Air Group. The deal, which includes an option of purchasing up to 100 additional aircraft, was announced together with…
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With a reported deal in the wings for Joby Aviation, electric aircraft soars to $10B business
One year after nabbing $590 million from investors led by Toyota, and a few months after picking up Uber’s flying taxi business, Joby Aviation is reportedly in talks to go public in a SPAC deal that would value the electric plane manufacturer at nearly $5.7 billion. News of a potential deal comes on the…
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United Airlines will now cut its domestic flights by 52%
United Airlines, which had already announced drastic cuts to its domestic and international schedule, today announced even deeper cuts. While the carrier was originally planning to cut 42 percent of its domestic schedule, that number is now up to 52 percent as demand for flights continues to dwindle in light…
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American Airlines cuts long-haul international flights by 75%
American Airlines said it will suspend 75% of its long-haul international flights from the U.S., beginning March 16 in response to decreased demand and government travel restrictions put in place to lessen the spread of COVID-19. American Airlines had already reduced its capacity. This latest move, which was announced Saturday…
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Clobbered by coronavirus econ news? Here’s an in-depth, 90 day rewind
There’s just been a torrent of economic news since the first identification of patients with COVID-19 in Wuhan, China in early December 2019 until the declaration of a global pandemic by the World Health Organization (WHO) yesterday. Investors have fled the public market, more and more companies are teetering on…
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