Nasa has announced a billion-dollar plan to develop a futuristic plane aimed at transforming the aviation industry and significantly reducing the emissions of commercial airlines.

The US space agency will invest $425 million over seven years into the Sustainable Flight Demonstrator project, while Boeing and other partners will contribute a further $725 million.

“Nasa has dared to go farther, faster, higher, and in doing do, Nasa has made aviation more sustainable and dependable,” said Nasa Administrator Bill Nelson.

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“It’s our goal that Nasa’s partnership with Boeing to produce and test a full-scale demonstrator will help lead to future commercial airliners that are more fuel efficient, with benefits to the environment, the commercial aviation industry, and to passengers worldwide.”

Read more: Independent