Sion VS/Dublin/San Francisco/Singapore – Electric aircraft manufacturer H55 and Ireland’s Vmo Aircraft Leasing have agreed on a sustainable cooperation. The aim is to reduce the environmental footprint in the air transport industry.
Valais-based e-aircraft pioneer H55 and Ireland’s Vmo Aircraft Leasing(VmoAIR) announced their contractual collaboration in Dublin during the Revolution.Aero Dublin 2023 air transport congress. According to a media release, the two companies want to contribute to clean, emission-free aviation.
Together, H55 and VmoAir offer leasing programs aimed at supporting the emerging market for electric aircraft financing, battery storage energy and management systems. The Sion-based company H55 brings to the agreed collaboration its several years of experience in the development of solar and electric aircraft. VmoAir, which also has offices in San Francisco and Singapore, complements the partnership with business expertise in aircraft leasing.
“As we approach the commercialization of clean aviation products, we believe it is important to offer financing solutions for innovative products to facilitate the transition to sustainable aviation,” H55 CEO André Borschberg is quoted as saying in the release. The leasing model will allow operators to take full advantage of their investment, he said.
“By leasing batteries – whose performance will continue to improve – and replacing them on a regular basis, the cost of fuel is shifted to investment in technology,” Borschberg added. “We believe this is a very attractive proposition that can only reinforce the economic and environmental benefits of electric aviation.” VmoAir CEO Robert Brown agrees: “Given the huge addressable market, lessors will play a key role in financing electric and hybrid-electric aircraft.” ww