Avolon and Japan Airlines join forces to create eVTOL carpooling company in Japan

Avolon, the international aircraft leasing company, and Japan Airlines (“JAL”) announce a partnership to market zero-emission eVTOL aircraft in Japan.

Avolon, through its investment and innovation subsidiary Avolon-e, has formed a strategic partnership with JAL to identify and target local partners and customers, infrastructure requirements, certification and a range business models to introduce one of the world’s premier eVTOL ridesharing companies. in Japan. Through this partnership, JAL will have the right to purchase or lease up to 50 Vertical VA-X4 eVTOL aircraft from Avolon, with the option to purchase or lease up to 50 additional units.

Dómhnal Slattery, CEO of Avolon, commented: “We continue to identify partners who share the same vision to revolutionize air travel with zero emission eVTOL aircraft and shape the future of travel. This latest long-term partnership with JAL aligns us with one of Japan’s leading airlines on their path to the sustainability and decarbonization of air travel. The VA-X4 will be certified to comply with stringent CAA and EASA safety regulations. We believe that JAL’s decades of experience will prove invaluable as Vertical seeks to validate a type certificate with the Japan Civil Aviation Bureau, demonstrating that the VA-X4 will be a global, borderless eVTOL.

Tomohiro Nishihata, Managing Director of Japan Airlines, said: “Today’s announcement represents an important step towards the social implementation of Air Taxi at Osaka Kansai EXPO in 2025. Our partnership with Avolon is leading the way towards the air mobility revolution in Japan. The introduction of the VA-X4 will also help reduce our environmental impact and we fundamentally believe that sustainability will drive the future growth of our business and our region. We look forward to working closely with Avolon and Vertical on the VA-X4 certification roadmap with the Japan Civil Aviation Bureau.

Stephen Fitzpatrick, CEO of Vertical commented: “The VA-X4 will transform the way we travel. We are delighted to be working with Avolon and our new partner Japan Airlines as we bring zero emission aircraft to the Japanese market. JAL’s experience will strengthen the certification roadmap in Japan, demonstrating our global vision as we make eVTOL a reality.

ENDS

About Avolon

Based in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft rental and rental management services. Avolon is 70% owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a public company listed on the Shenzhen Stock Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation which is listed on the Tokyo and New York stock exchanges (TSE: 8591; NYSE: IX). Avolon is the third largest aircraft leasing company in the world with a owned, managed and committed fleet, as of September 30, 2021, of 831 aircraft.

Website: www.avolon.aero

Twitter: @avolon_aero

About Japan Airlines

Japan Airlines (JAL) was founded in 1951 and became the first international airline in Japan. A member of the oneworld® alliance, the airline now serves 429 airports in 63 countries and regions with its codeshare partners. Awarded as one of the world’s most punctual major international airlines and a 5-star airline certified by Skytrax, JAL is committed to providing its customers with the highest levels of safety and quality of flight in all aspects of its service. , and aims to become one of the most favorite and beloved airlines in the world.

About the VA-X4 eVTOL aircraft

The VA-X4 is a zero-emission vertical take-off and landing (eVTOL) piloted electric vehicle. The VA-X4 will be capable of traveling at over 200 mph, with a range of over 100 miles and a capacity for 4 passengers and a pilot. The aircraft takes off vertically, allowing it to operate inside and outside cities and other confined spaces. The VA-X4 is 100 times quieter and safer than a helicopter and is certified to the highest global standards, opening access to the global market.


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