Aviation Capital Group, an aircraft asset manager, entered into an agreement in principle with Volocopter, an urban air mobility (UAM) company, to develop financing solutions that will assist with the sale of Volocopter’s family of electric vertical take-off and landing (eVTOL) aircraft for up to $1 billion. Deliveries are expected to commence once Volocopter’s aircraft have been certified for commercial use by civil aviation authorities, including the European Union Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA). For Volocopter customers, this agreement will offer an option and an opportunity to lease the aircraft through financing schemes.
“This transaction highlights ACG’s ongoing commitment to reducing the environmental impact of the aviation industry and to working towards a cleaner and more sustainable future,” Tom Baker, CEO and president of Aviation Capital Group, said. “The transaction builds on the existing partnership between Volocopter and ACG’s parent company, Tokyo Century, an early equity investor in Volocopter.”
“This agreement will allow our business to hit the ground running after aircraft certification,” Florian Reuter, CEO of Volocopter, said. “It signifies ACG’s and our investor Tokyo Century’s trust in Volocopter’s leadership in the UAM market. We are grateful for this partnership, as this financing represents another cornerstone of the essential ecosystem for scaling UAM.”
The transaction remains subject to further negotiation and execution of a definitive agreement and customary closing conditions.
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