Avolon and Airbus Partner to Drive Hydrogen-Powered Aviation Innovation
Key Ideas
- Avolon and Airbus will collaborate on exploring financing and commercialization of hydrogen-powered aircraft, aiming for a fleet with 75% lower emissions by 2025.
- Airbus' ZEROe Project is dedicated to advancing hydrogen-fueled flight technology and ecosystem development, with a new ZEDC site in Germany focusing on lightweight hydrogen systems.
- Both companies emphasize the importance of partnerships in driving decarbonization efforts in the aviation industry and addressing global sustainability challenges.
- The collaboration highlights the significance of broad industry participation in achieving hydrogen-powered commercial flight and advancing sustainable aviation initiatives.
At the Farnborough Airshow in the UK, Avolon and Airbus have entered into an agreement to work together on the development of hydrogen-powered aviation. Avolon, a leading global aviation finance company, aims to support Airbus' ZEROe Project by exploring the financing and commercialization aspects of hydrogen-powered aircraft. The partnership also aligns with Avolon's goal of having a fleet consisting of 75% new technology, lower emissions aircraft by 2025. Airbus' ZEROe initiative, introduced in 2020, focuses on advancing the technology needed for hydrogen-fueled flights and building the necessary ecosystem. The recent announcement of a second ZEROe Development Centre (ZEDC) in Germany further underscores Airbus' commitment to hydrogen technologies. Avolon's President and CCO, Paul Geaney, highlighted the importance of industry collaboration in tackling the challenges of hydrogen-powered flight, with Airbus being a key partner in this journey. Glenn Llewellyn, Vice-President of the ZEROe Project at Airbus, emphasized the significance of partnerships in realizing decarbonization goals and ensuring the success of hydrogen-powered commercial flight. The collaboration between Avolon and Airbus signifies a crucial step towards driving innovation in sustainable aviation and accelerating the industry's transition towards decarbonization.