ZeroAvia and MONTE Enter Partnership to Enable Zero-Emission Aircraft Leasing
JUN 8, 2022 - 7:37 am
ZeroAvia, a developer of zero-emission solutions for commercial aviation, signed an agreement with MONTE Aircraft Leasing, a zero-emissions regional turboprop aircraft lessor. As part of the agreement, the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights.
Under the deal, MONTE will purchase up to 100 ZA600 powertrains to be installed on existing and new Cessna Caravan, DHC-6 Twin Otter, Dornier 228 and HAL-228 aircraft. MONTE and ZeroAvia are aiming to retrofit the aircraft for clients starting in 2024 and will provide and finance maintenance and hydrogen availability services to support these operations. The deal will make ZeroAvia MONTE’s exclusive hydrogen-electric powertrain provider for these aircraft.
“We are delighted to have partnered with ZeroAvia, who are the market leader in the hydrogen-electric space,” Timothy Eyre, investment director at MONTE Aircraft Leasing, said. “Our partnership is an important step in our journey towards becoming one of the world’s first zero-emission aircraft lessors and we look forward to working with the ZeroAvia team on offering financing solutions for turboprop operators.”
“We’re pleased to announce our partnership with MONTE. Together, ZeroAvia and MONTE will provide a compelling proposition to operators of five to 20 seat aircraft,” James Peck, vice president of business development at ZeroAvia, said. “This partnership will offer flexibility to operators to allow them to launch zero-emissions flights on their networks, as well as extending the lifespan of hundreds of in-service airframes.”
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