Quantcast

Sky Industry News

US Senate panel criticizes rising airline seat fees, will call execs to testify
Spirit’s Demise Is a Lesson in ‘Airline-o-nomics’
Inside BA’s new first-class suites: £800 an hour for most private seat
Focus: US airline flight crews confident and angry as unions seek richer contracts
Hawaiian Airlines Eliminates Widebody Route Amid Alaska Airlines Merger
US budget airlines are struggling. Will pursuing premium passengers solve their problems?
Delta CEO says the Trump administration will reverse government ‘overreach’ seen under Biden
Spirit Airlines files for bankruptcy: How will it affect your travel plans?
British Airways yet to identify cause of latest IT meltdown
Delta Airlines Will Start Serving Shake Shack Cheeseburgers Next Month
United Sees Nearly 30% Surge in Travel to European Christmas Markets
Budget airline Israir to launch flights between Israel and NY, ending wartime monopoly by flagship carrier El Al
Asia's airlines blame supply chain woes for disrupted operations
Qantas and Qatar Airways: Planned partnership in the Australian aviation industry under the microscope
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Delta investigating after plane’s nose mysteriously suffered damage
What Elon Musk's Starlink means for airlines
CAP OFF Major twist in Dublin Airport passenger cap row as High Court pauses decision in victory for airlines next summer season
Riyadh Air plans new jet order decision early next year
Calls for a blanket ban on politicians receiving free flight upgrades
Wizz Air Loses Challenge Against EU-Approved Romanian Aid for TAROM
Southwest, Other Airlines Plan a Shake-Up. Why They Need More to Boost Their Stocks.
One of Boeing's biggest customers leveled fresh criticism over ongoing 737 Max delivery delays
Low-Cost Airlines Innovate with Subscription Models
LA Considers $25 And $30 Minimum Wages For Hotel And Airport Workers
Airlines are on the hook for more than you think if something goes wrong with your trip
WA Labor & Industries plans to create new airline worker protections
Airlines must now give automatic refunds for significant delays. Here's what to know.
American Airlines Technical Operations, Fleet Service, Cargo and Central Load Planning team members ratify new agreement
Spirit Airlines Pursues Bankruptcy as a Path to Tie-Up With Frontier
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 Airbus A321XLR is making waves in the aviation industry as a narrowbody aircraft with the capability to perform long-haul flights.

Feb 23, 2025

On February 19, 2025, a Delta Air Lines Airbus A350-900 with a special livery was seen.

Feb 23, 2025

The Diamond DA42 TwinStar, a twin-engine light aircraft manufactured by Diamond Aircraft, stands out in its class for its dual engines and safety-oriented design.

Feb 23, 2025

Etihad Airways has reported a record profit of $476 million for the year 2024, marking its highest-ever earnings.

Feb 23, 2025

Arajet, an airline based in the Dominican Republic, has announced new flight routes connecting two cities in the Dominican Republic with San Juan, Puerto Rico.

Feb 23, 2025

WestJet is set to resume flights to Amsterdam, marking a return to the Netherlands with a new approach.

Feb 23, 2025