Avolon, a global aviation finance company, and Air New Zealand have signed a memorandum of understanding to collaborate on research for the commercialization of electric aircraft and novel propulsion technologies, including hydrogen. As part of this partnership, Air New Zealand will acquire a BETA Alia CX300 electric cargo aircraft, supporting its cargo operations between Wellington and Blenheim. The agreement reflects a shared commitment to advancing clean tech aircraft and supporting the aviation sector's goal of achieving net zero emissions by 2050. Avolon's CEO, Andy Cronin, highlighted the role of lessors in promoting the adoption of clean aviation technologies, citing the partnership as a step towards realizing the industry's sustainability ambitions. Air New Zealand's CFO, Richard Thomson, emphasized the need for cross-sector engagement to introduce new technologies successfully, praising Avolon's support in their Next Generation Aircraft program. The collaboration signals a significant move towards sustainable aviation practices, showcasing a positive outlook on the integration of innovative propulsion technologies in the industry.