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Home Business American Airlines to invest in electric aircraft maker Vertical Aerospace By Reuters

American Airlines to invest in electric aircraft maker Vertical Aerospace By Reuters


© Reuters. FILE PHOTO: An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake

(Reuters) – American Airlines (NASDAQ:) said on Thursday it will invest in Vertical Aerospace, a UK-based maker of electric vertical takeoff and landing aircraft.

As part of the deal, American has agreed to pre-order up to 250 aircraft, representing a potential commitment of $1 billion, and an option to order an additional 100 aircraft.

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