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Alaska Airlines announces investment in JetZero to propel innovative aircraft technology and design
Alaska Airlines announced an investment in JetZero, a pioneering company developing a new blended-wing body (BWB) aircraft that will provide up to 50% less fuel burn and lower emissions. The investment reflects Alaska’s commitment to advance new technology that will benefit the future of aviation, including those that enable the airlines’ path to net zero carbon emissions. Alaska invested as part of JetZero’s Series A last year and is the first airline to do so.
The investment, which includes options for future aircraft orders, was made through Alaska Star Ventures (ASV), the airline’s investment arm whose purpose is to influence the future of the aviation industry. ASV is focused on identifying and enabling the technologies that can help Alaska reach its ambitious goal of net zero carbon emissions by 2040. This initiative is one piece of Alaska’s comprehensive sustainability strategy along with operational efficiency, fleet renewal, sustainable aviation fuel, waste reduction, and electrified aircraft.
JetZero Accelerates Fuel-Efficient Airliner Development with $235 Million Air Force Award
The Air Force is investing in JetZero’s aircraft design that will reduce fuel consumption, cut emissions and noise, and provide an improved airline passenger experience. The company will build a full-scale demonstrator to validate BWB performance.
JetZero’s demonstrator, the first in a proposed family of BWB aircraft, uses current engines and systems. The blended wing body aircraft, a design that has been under study by NASA and others for three decades, lends itself to conversion in the future to hydrogen propulsion, which would produce zero carbon emissions.
Under the terms of the award from DoD’s Defense Innovation Unit, JetZero will receive $235 million over a four-year period, culminating in first flight of the full-scale demonstrator by the first quarter of 2027. The DIU was founded in 2015 to help the U.S. military make faster use of emerging commercial technologies.