Leasing group LCI is planning to add up to 125 of Beta Technologies’ Alia 250 eVTOL aircraft to its portfolio. In a deposit-backed agreement signed with the manufacturer on April 27, the Ireland-based company committed to taking an initial batch of the five-passenger aircraft, with options for 75 more.
LCI says the Alias will complement its current fleet of helicopters and fixed-wing aircraft, almost doubling its aviation assets to 270 units. The company, which is part of the Libra Group, with aircraft and operations in some 50 countries, intends to provide commercial, financial, and supply-chain expertise. Since its formation in 2004, it has conducted aviation transactions valued at over $8 billion.
“We are embracing this new era of sustainable flight and Beta Technologies’ innovative approach makes them a natural and credible partner for LCI,” said LCI CEO Jaspal Jandu. “We believe that the aircraft’s blend of rechargeable battery power, significant internal capacity, and plentiful range is an optimal one. We are confident it will be a popular choice for operators and end-users seeking to develop and augment their fleets with this truly sustainable technology.”
According to Vermont-based Beta, the Alia will have a range of 250 nm (287 miles) with five passengers and a pilot. Alternatively, it can carry 1,400 pounds of freight for applications such as logistics deliveries.
The manufacturer says the all-electric aircraft will be able to recharge in under an hour. It is developing a network of charging infrastructure in the U.S.
“As a leading aircraft lessor with an established global track record, LCI has a strong pulse on what operators are looking for,” said Kyle Clark, Beta's founder and CEO. “We are gratified by their confidence that the solutions we’re building will answer the need for next-generation, zero-emission electric aircraft. We are excited to partner with LCI and push adoption of this solution forward within the industry.”