Quantcast

Sky Industry News

Another city ignores airport commission's advice, zones for housing near JWA
United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback
Alaska Airlines Just Made Its Loyalty Program Even More Lucrative With New Rewards, Better Upgrades, and More
Food safety problem closes Detroit airline kitchen leaving 200 flights without meals
5 Reasons Why Kazakhstan's Air Astana Is Establishing Itself As A Key Player In Asian Aviation
JetBlue is no longer serving hot food in economy class on transatlantic flights
Video shows traveler hurl computer monitor at Frontier employees in Chicago
White House 'in touch' with airlines as hurricanes Helene, Milton spark price-gouging fears
Airline bans two items from luggage amid conflict in the Middle East
Turkish Airlines pilot dies midflight, leading to emergency landing in New York
Spirit Airlines Explores Bankruptcy Filing
Airlines turn to AI to allocate gates and cut waiting times
American Airlines Passengers Save Woman from Alleged Violent Male Companion on Flight
Garuda Indonesia and Japan Airlines (JAL) Form Joint Business Agreement — What To Know
Here's how Southwest Airlines' new seating and boarding process will work
Delta Adds New Route to Asia
Southwest Airlines will begin selling assigned seats in 2025
United Airlines Pilot Buys Passengers Pizza In Albuquerque After Flight Was Delayed 7 Hours
Czech Airlines to Cease Operations, Ending 23-Year SkyTeam Partnership
An Asian airline hopes launching one of the world's longest narrowbody routes will actually be a comfort upgrade for passengers
Airlines begin canceling flights, offering rebooking ahead of Hurricane Helene
Southwest Airlines to cut service and staffing in Atlanta to slash costs
New heights, new features: Discover Alaska’s enhanced Flight Pass subscription service
Alaska Airlines completes acquisition of Hawaiian Airlines, expanding benefits and choice for travelers
American Airlines welcomes JetSMART to the award-winning AAdvantage program
Explore Japan for free? Japan Airlines offers free domestic flights to foreign travelers
Delta named Official Airline Partner of Birmingham City Football Club
American Airlines to Cut These Routes to Las Vegas, Orlando, and More — Here's Why
Alaska Airlines completes acquisition of Hawaiian Airlines, expanding benefits and choice for travelers
Southwest wouldn't really start charging for bags — right?
Universal Hydrogen closes after failing to secure funding
Policy
Webp 4icawwvtg7mupp051grumj0ndq6y
JSX Aircraft | Official Website

Universal Hydrogen, a U.S. startup, has announced its closure after failing to secure new investment. The company aimed to convert regional airliners to operate on liquid hydrogen but was unable to obtain the necessary capital. News of the company's closure initially appeared in the Seattle Times before being confirmed by Chairman and CEO Mark Cousin in a public statement.

“We confirm the unfortunate news that Universal Hydrogen Co. has made the difficult decision to wind up the company,” Cousin stated. “While we have been pursuing new capital for some time and evaluating various strategic options, we have been unsuccessful in closing any new investment and therefore our board has made this decision.”

The Seattle Times reported that Cousin informed shareholders on June 27 about the situation, mentioning attempts to secure $20 million from Saudi Arabian investors and a potential merger with Silver Airways based in Florida.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

In February, Universal Hydrogen conducted a ground test run using its fuel cell powertrain with a proprietary liquid hydrogen module. By May, plans were underway for flight testing following earlier tests involving a De Havilland Dash 8 aircraft powered partially by hydrogen.

Universal Hydrogen aimed to obtain supplemental type certificates for converting Dash 8 and ATR 72 turboprop aircraft to operate over sectors of 500 nm with reserves for diversions. Their goal was commercial service by 2026.

Japan Airlines had shown interest in converting part of its fleet through a partnership agreement with Universal Hydrogen and H2Fly. Provisional sales agreements were also secured with Connect Airlines and Avmax Aircraft Leasing.

Investors included American Airlines, Airbus Ventures, GE Aviation, Toyota Ventures, and JetBlue Ventures. Paul Eremenko founded Universal Hydrogen in early 2020 but stepped down as CEO in April according to the Seattle Times.

Meanwhile, ZeroAvia continues developing hydrogen-electric propulsion systems for regional aircraft. The company opened a manufacturing facility in Everett, Washington and raised $116 million through Series C funding led by UK Infrastructure Bank among others.

ZeroAvia praised Universal Hydrogen's "vision and technical achievements" while highlighting its own financial backing from investors based on its strategic approach involving sequential development starting with smaller aircraft models.

Hydroplane is another innovator developing hydrogen-powered light aircraft under former NASA scientist Anita Sengupta’s leadership. In Europe, Swiss-based Sirius Aviation and Beyond Aero are working on hydrogen-powered business jets targeting ranges between 800-1,000 nm for three-to-eight passengers.

Organizations Included in this History
More News

The United States Air Force has awarded a $1.5 billion contract to Pratt & Whitney for the sustainment of F119 engines, which power the F-22 Raptor.

Feb 23, 2025

Four airlines are set to operate flights between the Middle East and Australia this year.

Feb 23, 2025

Southwest Airlines has announced that Ryan Green, its Chief Transformation Officer, will step down from his position effective April 1, 2025.

Feb 23, 2025

Delta Air Lines has announced that all 21 passengers injured in the crash of Delta Connection Flight 4819 have been discharged from the hospital.

Feb 23, 2025

According to the US Department of Transportation, approximately 77 million passengers traveled between the United States and Europe in the year leading up to November 2024.

Feb 23, 2025

The Airbus A321XLR is making waves in the aviation industry as a narrowbody aircraft with the capability to perform long-haul flights.

Feb 23, 2025