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Stock impact report

JetSuite strikes a deal for hybrid electric planes with start-up Zunum Aero [Los Angeles Times (CA)]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
JetSuite strikes a deal for hybrid electric planes with start-up Zunum Aero Irvine charter jet operator JetSuite will add hybrid electric planes to its fleet starting in 2022. It is the first substantial commercial order of an aircraft technology that could cut fuel costs and emissions, and make flights quieter. The planes, which will seat up to 12 passengers, are being developed by Bothell, Wash., electric aircraft start-up Zunum Aero. The company, which has a total of 70 full- and part-time employees, has received backing from Boeing Co.'s venture capital arm, as well as JetBlue Technology Ventures. JetSuite expects to receive about one plane a month for the first year or two, with deliveries accelerating from there, said company Chief Executive Alex Wilcox. The company said it would add up to 100 Zunum aircraft to its fleet. Over the years, a few electricity-powered planes have been developed as test vehicles, including a two-seater Airbus aircraft that flew over the English Channe Show less Read more
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