Monte and Regent agree deal for sea gliders worth $300m

Maritime and aviation lessor, Monte will purchase up to $300m of Regent’s sea gliders.

The strategic partnership signed this week at CoMotion Miami, will see Monte provide leasing and financing options for both the 12-passenger Viceroy and 100-passenger Monarch seagliders. Monte also plans to finance and lease the required infrastructure needed for operating seagliders, including charging networks, battery storage and any required port infrastructure upgrades.

“With over 600 seagliders sold and our order book continuing to grow, more of our customers are asking for access to affordable operational lease and finance lease facilities,” said Adam Triolo, vice president of Commercial Business Development at Regent. “Partnering with Monte allows us to offer our clients decades of finance experience to provide comprehensive financing solutions. We look forward to working with Monte to advance our shared vision of decarbonising maritime travel.”  

Regent is the first OEM of Monte Maritime, a newly launched sustainable maritime lessor focused on financing decarbonised vessels.

Timothy Eyre, chief operating officer, Monte said: “We will provide a full turn-key solution, through vessel and infrastructure financing, for operators looking for zero-emissions travel. Working together to offer an easy-to-operate, full-package electric transport solution will help to accelerate the much-needed decarbonisation of the regional maritime industry.”