Airbus and Avolon Partner to Explore Hydrogen-Powered Aircraft Financing
Key Ideas
- Airbus and Avolon collaborate to analyze the financing and commercialization of hydrogen-powered aircraft, a crucial step towards achieving near zero emissions in the aviation industry.
- The partnership aims to leverage Avolon's expertise in aircraft leasing to support the development of the hydrogen ecosystem in aviation.
- Airbus is actively working with global partners to drive the expansion of hydrogen infrastructure at airports and engage with airlines to study the deployment of hydrogen-powered aircraft.
- The ZEROe Project's partnership with Avolon signifies a significant milestone in the pursuit of sustainable aviation solutions and underscores the industry's commitment to decarbonization.
Airbus has formed a groundbreaking partnership with Avolon, an aircraft lessor, to delve into the possibilities of hydrogen-powered aircraft. This collaboration at the prestigious Farnborough Airshow marks a pivotal moment for the ZEROe Project, focusing on the practical aspects of financing and commercializing hydrogen aircraft. The joint effort aims to address the challenges related to decarbonization in the aviation sector by exploring the feasibility of a hydrogen ecosystem. Avolon's involvement signals a proactive step in their sustainability journey, aligning with Airbus's vision for a greener future in aviation. The initiative also involves launching the 'Hydrogen Hub at Airports' program to advance hydrogen infrastructure, with 18 hubs already operational. Additionally, Airbus is actively engaging with airlines globally to pave the way for the adoption of hydrogen-powered aircraft. This strategic partnership emphasizes the shared determination of industry leaders to drive innovation and sustainability in aviation.