Transaction grants American 9.7 million shares in the combined regional carrier, joining United and Delta as minority stakeholders

Pilot shortages and rising operating costs forced carriers to park part of their fleet, reducing the air network

Airlines and the Breakthrough Energy Ventures fund announced investment in Heart Aerospace, a company that develops aircraft capable of carrying up to 19 passengers and is expected to enter service in 2026

US regional airline expected to receive first Mitsubishi aircraft in 2024