LCI, one of the leading aviation companies and subsidiaries of the Libra Group, today signed an agreement with BETA Technologies (BETA), the company that develops a fully integrated electric aviation system, for the acquisition of up to 125 vertical take-off and landing electric aircraft (eVTOL – electric Vertical Take-Off and Landing).
LCI’s commitment to purchase BETA ALIA-250 eVTOL aircraft will enable the company to support sustainable operations worldwide. Under the terms of the prepaid deal, LCI will initially acquire 50 aircraft with the ability to order a total of up to 125. The eVTOL aircraft are currently under construction at BETA’s Burlington, Vermont facility.
The ALIA produces zero operating emissions, with a maximum range of 250 nautical miles, and is designed to carry five passengers and one pilot or 635 kilograms of payload. The aircraft will provide a wide range of sustainable solutions, including medical services, cargo and passenger transportation with real point-to-point companies.
The main advantages of ALIA include the ability to recharge in less than an hour, the zero emission profile and lower maintenance requirements. BETA is also developing charging infrastructure to support electric aircraft as well as electric ground vehicles.
“We are embracing this new era of sustainable flight and BETA Technologies’ innovative approach makes it a natural and reliable partner for LCI,” he said. LCI CEO Jaspal Jandu He added: “We believe that the combination of rechargeable battery power, significant internal capacity and wide range of aircraft is the optimal combination. We are confident that it will be a popular choice for pilots and end users seeking to develop and increase their fleets.” with this truly sustainable technology “.
“As one of the largest landlords of aircraft with a strong global track record, LCI is the source of the pulse for what pilots are looking for,” he said. Kyle Clark, Founder and CEO of BETA. “We are pleased with their confidence that the solutions we are building will meet the needs of next-generation zero-emission electric aircraft. We are excited to work with LCI to promote this solution in the industry.”
The new eVTOL aircraft will complement LCI’s existing fleet of state-of-the-art helicopters and fixed-wing aircraft and will nearly double the number of aircraft on its aviation platform to more than 270 units. In addition, LCI and its parent company, the Libra Group, whose subsidiaries own and manage assets in more than 50 countries, intend to share with BETA their commercial and financial know-how, as well as their knowledge of chains. through their well-established network.
For his part, Mr. George Logothetis, President and CEO of Libra Group“As a global group of companies, the Libra Group and its subsidiaries are committed to promoting a clean energy future. Through this agreement, LCI will bring zero-carbon shipments to customers worldwide.” Mr. Logothetis added, “Today’s announcement by LCI is the spearhead of the Libra Group’s strategic focus on innovation and, consequently, of our entire organization. We look forward to continuing to work with innovative companies that can benefit from our global platform and catalyze the adoption of life-saving transition technologies around the world. “
LCI is growing steadily in scale and value as it has invested in diversification over time. The lessor’s experienced management team has built strong relationships with aircraft and engine manufacturers, customers and leading financial institutions. Since its inception in 2004, LCI has traded more than 8 billion. US dollars in the aviation markets.
Source: Capital
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