Avolon, a global aviation finance company, has partnered with Airbus to support the development of hydrogen-powered commercial aircraft through Airbus’ ZEROe project. Airbus and Avolon will investigate how future hydrogen-powered aircraft could be financed and commercialized, and how they might be supported by the leasing business model.
“Joining the ZEROe Project is another step in Avolon’s sustainability journey, and we look forward to building on our long-standing partnership with Airbus to consider how the next generation of aircraft will be financed and commercialized,” Paul Geaney, president and chief commercial officer of Avolon, said. “It will take a wide ecosystem of contributors to meet the challenges of hydrogen powered commercial flight, and Airbus is playing a crucial role in bringing partners together. While we continue to focus on supporting our customers in modernizing their fleets with lower emissions aircraft, it is also vital we look beyond that at what can further drive our industry’s decarbonization.”
“There is real value in bringing together industry leaders to help solve the challenges facing aviation,” Glenn Llewellyn, vice president, ZEROe project at Airbus, said. “We know we can’t solve decarbonization alone and welcome Avolon’s expertise and worldwide leadership in the aircraft leasing business. Working together to consider how the transition can be commercialized and financed for airline customers is crucial to success.”
