Investment Summary

American Airlines Invests In Universal Hydrogen

On October 10, 2022, American Airlines invested in aerospace company Universal Hydrogen

Investment Highlights
  • This is American Airlines’ 3rd transaction in the Aerospace sector.
  • This is American Airlines’ 3rd transaction in the United States.
  • This is American Airlines’ 2nd transaction in California.

Investment Summary
Date 2022-10-10
Target Universal Hydrogen
Sector Aerospace
Investor(s) American Airlines
Deal Type Growth Capital

Target

Universal Hydrogen

Hawthorne, California, United States
Universal Hydrogen is a company building a green hydrogen distribution and logistics network for aviation. Hydrogen is the ideal fuel for flight and will power aviation’s new golden age, where planes are powered by renewables and emit nothing but water. The company’s modular hydrogen capsules move over the existing freight network from production directly to the airplane anywhere in the world. It is also working to certify a powertrain conversion kit to retrofit existing regional aircraft to fly on hydrogen. Universal Hydrogen is based in Hawthorne, California.

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Investor(S) 1

Investor

American Airlines

Fort Worth, Texas, United States
Category Company
Founded 1930
Sector Airlines
Employees132,800
Revenue 52.8B USD (2023)
DESCRIPTION
Entrance to American Airlines' corporate headquarters in Fort Worth, Texas.
Entrance to American Airlines' corporate headquarters in Fort Worth, Texas.

American Airlines is the holding company for American Airlines. American offers an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American is a founding member of the oneworld alliance, whose members and members-elect serve nearly 1,000 destinations with 14,250 daily flights to 150 countries. American Airlines was incorporated in 1930 and is based in Fort Worth, Texas.

DEAL STATS #
Overall 4 of 4
Sector (Aerospace) 3 of 3
Type (Growth Capital) 1 of 1
State (California) 2 of 2
Country (United States) 3 of 3
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-03 ZeroAvia

Hollister, California, United States

ZeroAvia is a zero-emission aviation company focused on hydrogen-electric aviation solutions to address a variety of markets, initially targeting a 300-mile range in 9-19 seat aircraft by 2024, and up to 700-mile range in 40-80 seat aircraft by 2026. The company has already secured experimental certificates for its two-prototype aircraft from the CAA and FAA, passed significant flight test milestones, secured a number of key partnerships with major aircraft OEMs and major global airlines, and is on track for commercial operations in 2024. ZeroAvia is based in Hollister, California.

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