Universal Hydrogen Co.

American Airlines Is the Only Passenger Airline Named to Dow Jones Sustainability Index for 2nd Straight Year

Just months after investing in a hydrogen fuel distribution startup and striking a $2.75 billion deal to buy sustainable aviation fuel made from refined corn, Fort-Worth based American Airlines has made an important list. For the second year in a row, American is the only passenger airline to land on the Dow Jones Sustainability North America Index.
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Follow the Money: Medical Device Firm Orthofix Merges to Form Nearly $700M Revenue Business, Stealthy Men’s Health Startup Looks to Raise $2M, Dallas SPAC Targets $200M IPO, and More
by | Oct 17, 2022
In this week’s North Texas deal flow, you’ll also find news about Mavenir’s $155M raise, Pinnacle Realty Advisors raising $5M for ‘brokerage-as-a-service’ platform, Exela Technologies taking its European business unit public, American Airlines’ hydrogen fuel distribution investment, and more.
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American Airlines Invests in Hydrogen Fuel Distribution Startup As it Eyes Emission-Cutting Goals
Two months after investing at least $5 million in ZeroAvia, a hydrogen-electric engine developer, Fort Worth-based American Airlines has made a strategic investment in L.A.-based Universal Hydrogen Co., a hydrogen fuel distribution and logistics startup. "This technology has the potential to be a game-changer on the industry’s path to zero-emission flight,” said Derek Kerr, American’s CFO.
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