Alaska Airlines has recently made a groundbreaking investment in the aircraft engineering startup JetZero. JetZero aims to revolutionize the aviation industry by reducing carbon emissions and fuel burn by up to 50% through its innovative blended-wing aircraft design. This design integrates the wings with the fuselage, resulting in a sleeker shape that reduces aerodynamic drag and aircraft weight. Additionally, the extra width in the fuselage allows for new cabin layout options, enhancing the overall passenger experience.
The investment in JetZero was made through Alaska’s venture capital subsidiary, Alaska Star Ventures. This marked the first time an airline has invested in JetZero, highlighting Alaska Airlines’ commitment to innovation and sustainability in the aviation sector. While the exact amount of the investment remains undisclosed, it includes options for future aircraft orders. Alaska Airlines sees this partnership as a significant step towards shaping the future of air travel for its guests, employees, and the industry as a whole.
JetZero, based in Long Beach, was founded in 2021 by industry veterans Mark Page and Tom O’Leary. Page, a leader in blended-wing design initiatives, previously worked on NASA-funded projects in this field. O’Leary, a former COO of an electric air taxi startup, brings valuable experience in disruptive aviation technologies. Together, they are driving JetZero towards a projected 2030 launch for their innovative aircraft. The company’s recent success includes a significant grant from the Defense Department and the achievement of an airworthiness certificate for a scale version of their aircraft demonstrator.
Alaska Star Ventures, established in 2021, focuses on accelerating Alaska Airlines’ progress towards net-zero carbon emissions by 2040. The investments made by this venture capital arm are strategic in supporting Alaska Airlines’ sustainability goals and promoting advancements in eco-friendly aviation technologies. By partnering with innovative startups like JetZero, Alaska Airlines is paving the way for a more sustainable and efficient future in air travel.
Alaska Airlines’ investment in JetZero signifies a significant milestone in the aviation industry’s shift towards sustainability and innovation. Through their collaboration, both companies are driving progress towards reducing carbon emissions, improving fuel efficiency, and shaping the future of air travel. With visionary leadership, cutting-edge technology, and a shared commitment to environmental responsibility, Alaska Airlines and JetZero are poised to revolutionize the skies.