Vmo Aircraft Leasing and energy company H55 have announced they are to combine to develop leasing solutions for what they said would be "new clean aviation products".
"As part of the envisaged collaboration, teams from both companies are engaged in providing leasing programmes targeted to support the nascent market for financing electric aircraft, battery storage energy and management systems," Vmo said in a statement.
Vmo described its new partner as "uniquely positioned with its product and service offerings, combining propulsion, energy storage and management, controls, and integration services""
“Technology and innovation are rapidly changing the aviation industry’s landscape, with emission-free aircraft designs on track to revolutionise airline fleets. With the giant addressable market, lessors will play a key role in financing electric and hybrid-electric aircraft,” said Robert Brown, Vmo's executive chairman.
"As we are getting closer to commercialise clean aviation products, we believe it’s important to provide financing solutions for innovative products to facilitate the transition to sustainable aviation," said André Borschberg, co-founder and executive chairman of H55, who believes batteries will "evolve" when it comes to performance.