Showing posts with label Vertical Aerospace. Show all posts
Showing posts with label Vertical Aerospace. Show all posts

Saturday, 19 February 2022

AirAsia Orders Vertical Aerospace’s Electric Aircraft From Avolon

Vertical Aerospace welcomed Avolon’s announcement this week that it will partner with AirAsia Aviation Group Ltd (AirAsia), Asia’s leading low-cost airline, to create a transformational ride-sharing platform in Southeast Asia, including a non-binding memorandum of understanding to lease a minimum of 100 VX4s, Vertical’s flagship electric aircraft.

As announced in June 2021, Avolon, the world’s second-largest aircraft lessor, pre-ordered 500 VX4s from Vertical to place with its global airline customers. This endorsement of the VX4 by AirAsia represents the aircraft’s first expansion into Southeast Asia.


With today’s announcement, Avolon has now placed 450 of its VX4 pre-orders to AirAsia, Japan’s JAL and Brazil’s Gol. Together, these airlines form a growing global community of transport operators that have ordered the VX4.

Vertical has directly agreed pre-orders or pre-order options with the likes of American Airlines, Avolon, Virgin Atlantic, Iberojet, Bristow Group and Marubeni resulting in a market-leading pre-order book by value totalling up to 1350 aircraft with a value of $5.4 bn.

The VX4 is a piloted four-passenger, zero operating emissions electric aircraft that is projected to fly at speeds of up to 200mph, over a 100-mile range. The VX4 is expected to be near-silent when in flight, and with a low cost per passenger mile, it will be an affordable option for passengers with a cost at a slight premium to a taxi.

AirAsia’s leasing arrangement through Avolon is the first placement or pre-order since Vertical was listed on the NYSE in December 2021.

AirAsia leases a minimum of 100 of Vertical Aerospace’s VX4 from Avolon
AirAsia joins Japan’s JAL and Brazil’s Gol in agreeing leases for the VX4 with Avolon


For more details see Avolon and AirAsia’s release on Avolon’s website here.

Stephen Fitzpatrick, CEO Vertical Aerospace, said "We are delighted that AirAsia is the latest leading airline committing to lease our zero operating emissions VX4 aircraft. AirAsia provides many fantastic opportunities to travel around some of the most beautiful and diverse countries in the world, and I am thrilled that we will be bringing zero emissions flight to people all across Asia."

Dómhnal Slattery, Avolon CEO, said “Tony Fernandes is an aviation pioneer who has built AirAsia into one of the leading airlines in the world and has now also created Southeast Asia’s fastest-growing Super App anchored on travel. We are delighted to partner with AirAsia who share our vision of revolutionising the future of air travel. We look forward to working with Tony, and the AirAsia team, on their eVTOL journey. Together we will develop a ride-sharing platform and bring the zero-emissions VX4 aircraft into service, positioning AirAsia as the operator of choice for sustainable air travel in the region.”

Tony Fernandes, CEO, Capital A, commented: “Innovation has always been in our DNA and using technology to look at more efficient and sustainable ways of doing things is a core focus across Capital A (formerly AirAsia Group). We are now much more than just an airline with over 20 products and services on our super app leveraging off each other including flights, hotels, food, retail, delivery, ride-hailing and more. I am truly excited about this partnership between Avolon and AirAsia and the potential for zero-emissions ultra-short-haul air travel in Southeast Asia. The digital era is now. In the VX4, we have identified what we believe will be the eVTOL aircraft of choice and we are thrilled to be the launch airline for the aircraft in Southeast Asia. We are also delighted to extend our long-standing relationship with Avolon, which has a proven track record of delivering for its customers and is in sync with our goal to become the leading one-stop travel and delivery platform in Asean.”





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Monday, 25 October 2021

Vertical & Heathrow to collaborate on future of urban air mobility

Vertical Aerospace has announced a collaboration with London Heathrow Airport to explore how Vertical's VA-X4 electric vertical take-off and landing (eVTOL) vehicle could operate from the busy London airport from the mid-2020s. Both parties will work closely to explore how this new technology can fit into existing operations at the airport, build an understanding of the regulatory changes that would be required, maximise potential job opportunities and minimise any potential impacts on communities surrounding the airport.

With speeds of up to 200 mph, Vertical's piloted eVTOL will be able to transport four passengers in near silence from Heathrow to the City of London in 12 minutes, with zero operating emissions and at a cost similar to a taxi. This new agreement comes as interest in the future of urban air mobility is growing, with major airlines already operating at Heathrow keen to see the technology develop. Virgin Atlantic has already announced a partnership for the UK launch of an eVTOL network with Vertical and conditional pre-order options for up to 150 VA-X4s.

By working together, Vertical and Heathrow expect to help Britain maintain its leading position in sustainable aviation technologies and support moves to a low carbon economy to help meet the Government's net-zero ambitions to make the UK net-zero by 2050.



Vertical's top-tier global customers include American Airlines, Virgin Atlantic, Avolon, Bristow Group, Iberojet and Marubeni Corporation. Through these relationships, Vertical believes that it has the largest conditional pre-order book in the eVTOL industry, of up to 1,350 aircraft worth $5.4bn. Vertical's eVTOL aims to be an industry leader in safety, being on track to be certified to the highest global standards and matching the safety performance of airline passenger jets.