Avolon Partners with Airbus for Hydrogen-Powered Aircraft Financing
Key Ideas
  • Avolon and Airbus collaborate through the ZEROe project to explore hydrogen-powered aircraft financing and commercialization.
  • The partnership aims to support industry decarbonisation goals and drive sustainable aviation initiatives.
  • Airbus' ZEROe project, initiated in 2020, focuses on advancing technology for hydrogen flight to address environmental concerns.
  • Avolon's involvement signifies a commitment to sustainability and a proactive approach to the future of aircraft leasing and energy-efficient aviation.
Avolon, the Ireland-based aircraft leasing specialist, has announced a strategic partnership with Airbus at the Farnborough International Airshow as part of the ZEROe project. This collaboration aims to delve into the financing and commercialization aspects of hydrogen-powered aircraft, aligning with the aviation industry's decarbonisation targets. Avolon's significant investments in sustainable aviation fuel (SAF) production and eVTOL technology exemplify its dedication to reducing emissions. Paul Geaney, Avolon's President and Chief Commercial Officer, expressed enthusiasm for joining the ZEROe Project, underscoring the need for a collective effort to achieve hydrogen-powered commercial flight. Airbus, a key player in hydrogen technology research, leads the ZEROe Hydrogen aircraft project, emphasizing collaboration with industry leaders like Avolon to address aviation's sustainability challenges. Glenn Llewellyn, Vice-President of the ZEROe Project at Airbus, highlighted the importance of partnership in enabling the commercialization and financing of hydrogen flight solutions for airlines. Avolon's extensive global presence in aircraft leasing positions it well to influence the industry's shift towards greener practices, demonstrating a proactive stance towards sustainability and environmental responsibility.
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