ZeroAvia signs two leasing agreements at Paris Air Show
ZeroAvia has signed off on two leasing agreements for its ZA600 hydrogen-electric engines with firms Monte and Green Aerolease.
The first agreement, signed yesterday with Monte, converts a previous memorandum of understanding (MoU) for up to 100 engines to a definitive purchase agreement. The move means Monte has now secured ZeroAvia’s first build slots and plans to begin integrating the engines into 9-19 seat aircraft in 2025 are on track.
The second deal will see French firm Green Aerolease use the ZA600s in its lessor fleet and will be used by regional airlines such as Finistair. France has recently banned short haul domestic flights that are linked by a train journey of less than 2.5 hours. ZeroAvia’s 600kW engine, with a 300 nautical mile range, means trips within France and from France to other near countries would be possible.
James Peck, chief customer officer, ZeroAvia, said: “Finistair already provides vital connectivity to remote communities, and implementing zero-emission technology can help the business expand its operations. As an early mover in signing a pre-order for hydrogen-electric Green Aerolease’s customer set, have a massive opportunity to capture market share.”
ZeroAvia is predicting a “steep reduction” in operating costs to the reduction in maintenance required and lower fuel costs as green hydrogen production matures. A report by NASA suggests reductions in operating cost of around 40%.
Charles Cabillic, founder, Green Aerolease, said: “We are very proud to move forward with ZeroAvia in order to decarbonise aviation. With this kind of new propulsion, we will be able to develop air transportation for passengers without carbon emissions. This will definitely revolutionise aviation and take it into a new era.”
ZeroAvia recently flight tested a prototype of its ZA600 for the first time aboard a Dornier 228 aircraft at its UK base in Kemble, Gloucestershire, in January.