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By Sam Boughedda
Investing.com -- Delta Air Lines Inc (NYSE:DAL) and Airbus Group SE (PA:AIR) have signed a memorandum of understanding to collaborate on researching and developing a hydrogen-powered aircraft.
Delta is Airbus' first U.S.-based partner on hydrogen aircraft. It said it will provide expertise to identify fleet and network expectations and operational and infrastructure requirements required to develop commercial planes powered by hydrogen fuel.
They will specifically focus on the aircraft concept and work more broadly on coalition building, which includes working on a "decarbonized future in aviation."
“Hydrogen fuel is an exciting concept that has the potential to redefine the status quo. These tangible steps lay the groundwork for the next generation of aviation," said Pam Fletcher, Delta’s Chief Sustainability Officer.
Delta shares fell 1.9% Thursday.