Lifeboat Foundation

All Nippon Airways’ parent company ANA Holdings has made a Y200 million ($1.8 million) investment in commercial space flight company PD Aerospace.

The equity infusion, via a third-party allotment, comes on top of a Y20.4 million investment that the company made in October 2016.

“ANA is excited about the future of transportation and how PD Aerospace’s space technology will play an integral role,” says Yoshiaki Tsuda, vice-president of ANA Digital Design Lab. “We are increasing our support to help expedite the project’s timeline of testing and launching an unmanned spacecraft to an altitude of 100km.”