The agreements include further options to acquire additional aircraft for a potential fleet size of 280, raising the overall deal value to above $1.3 billion.
Pic: Social Media (CEO-Founder Kanika Tekriwal)
Air services operator JetSetGo has signed a 280 hybrid-electric aircraft deal, including 130 on option, worth over USD 1.3-billion with three global aviation tech firms. The company is set to acquire 150 aircraft for an aggregate deal value of $780 million. To subscribe please click tau.id/2iy6f and access our live channel.
JetSetGo announced strategic partnerships with three global aviation technology leaders – Electra.aero, Horizon Aircraft and Overair – to bring Advanced Air Mobility (AAM) solutions to India. The partnerships were unveiled during the first-ever AAM conference held at Begumpet Airport as part of Wings India 2024.
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The hybrid-electric aircrafts can be used for airport transfers, regional connectivity, intercity commute, intra-city shuttles, and urban air taxis. AAM utilises new aviation technologies like electric and hybrid-electric propulsion to enable air taxi-style services for short distance travel between and within cities.
The company said these agreements will revolutionise India’s aviation sector by introducing solutions, which promise to significantly improve mobility and connectivity across urban and regional landscapes. They can utilize existing infrastructure, for future urban air mobility applications as the infrastructure to support that develops in India’s cities.
JetSetGo’s CEO and co-founder Kanika Tekriwal stated that India’s geography and demographics make it an ideal launch market for AAM. “Our partnership with these three leading innovators will introduce unique technologies like ‘blown lift’ and ‘fan-in-wing’ lift systems, hybrid and electric propulsion, and super-quiet optimal speed tilt rotors to India.”
With lighter, emission-free aircraft designs, AAM promises to offer eco-friendly intra-city and last mile transportation options. Moreover, By bringing unique technologies such as Electra’s blown lift system and hybrid propulsion, Horizon Aircraft’s hybrid-powered fan-in-wing lift system and Overiar’s electrically-powered optimal speed tilt rotors to India.
