Avolon has partnered with Airbus to further develop hydrogen powered aircraft

Aviation finance company Avolon has partnered with Airbus to support the development of hydrogen powered aircraft through the Airbus’ ZEROe project. “Joining the ZEROe Project is another step in Avolon’s sustainability journey, and we look forward to building on our long-standing partnership with Airbus to consider how the next generation of aircraft will be financed and commercialised,” Paul Geaney, president and chief commercial officer at Avolon. “While we continue to focus on supporting our customers in modernising their fleets with lower emissions aircraft, it is also vital we look beyond that at what can further drive our industry’s decarbonisation.” Avolon is also committed to having a fleet that comprises 75% new-technology lower emissions aircraft by the end of 2025. Glenn Llewellyn, vice-president of the ZEROe project at Airbus added: “We know we can’t solve decarbonisation alone and welcome Avolon’s expertise and worldwide leadership in the aircraft leasing business. Working together to consider how the transition can be commercialised and financed for airline customers is crucial to success.” Airbus revealed its ZEROe hydrogen powered aircraft ambition in 2020, focused on pioneering the technology required for hydrogen flight and developing the ecosystem to support it.