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Axios on MSNExclusive: United Airlines Ventures backs Astro Mechanica
The venture capital arm of United Airlines is investing in Astro Mechanica, a startup specializing in high-speed flight. Why it matters: Military applications abound. Astro's products, including propulsion,
United Airlines' venture capital arm said on Wednesday it has invested in aerospace startup Astro Mechanica, which develops airframe designs and propulsion systems for supersonic aircraft, signaling renewed industry interest in ultra-fast jets.
United Airlines Ventures (UAV) invested in Astro Mechanica for its adaptive propulsion engine. Other airlines also investing in new aviation tech.
United Airlines has grounded flights nationwide on Wednesday night due to an issue with its weight and balance computer system.
An American Airlines pilot declared a mayday amid 'multiple failures' onboard a Philadelphia-bound flight on Aug. 17. The passenger jet returned safely to Boston Logan International Airport shortly after takeoff.