LONDON – A London-based company, MONTE is teaming up with British/American-based hi-tech company ZeroAvia to construct solutions for airliners, especially commercial aviation.
The solution is to acquire 100 hydrogen-electric powertrains to retrofit existing regional turboprop aircraft.
MONTE is an aviation finance company that provides solutions for existing operators, carriers and airlines to transition into a new era of flight. This is meant by supporting the aviation industry to become carbon neutral and environmentally friendly.
The unique services include consultancy, financing of new technologies (zero-emissions), and leasing solutions for regional aircraft. MONTE is very ambitious, as it targets itself to be the world’s first zero-emissions aircraft leasing firm by 2027.
Therefore, as a starting step, the British firm will acquire 100ZA600 engines to be fitted onto existing small regional aircraft. Namely the Cessna Caravans, the Canadian-built DHC-6 Twin Otter, the German-built Dornier 228 and HAL-228 aircraft.
The HAL-228 is a licensed Dornier 228 made in India. Through this, regional aircraft can approach MONTE or vice versa as a beginning for that respective operator to become environmentally friendly.
The ZA600 is ZeroAvia’s flagship product. The ZA600 is ZeroAvia’s engine or powertrains as one may call it in the renewable sector, and has a 600kW system, which is built to propel and support aircraft with a capacity between 5 and 20 seats.
Power is generated in this powertrain by hydrogen feeding fuel cell stacks which generate power by converting hydrogen into electricity.
Both companies have a commitment, and that is aiming to refurbish active aircraft beginning in 2024, by providing financing solutions, and hydrogen solutions to support the transition from traditional jet fuel to newer greener energy.
With MONTE’s huge commitment to assist the aviation community to become carbon neutral in respective years, MONTE has been chosen by ZeroAvia as a preferred financing and leasing provider.
With this partnership, ZeroAvia will be granted as MONTE’s sole exclusive hydrogen-electric power train supplier. ZeroAvia, being a very innovative company is pleased to have a financial institution backing its technology.
Timothy Eyre, Investment Director, MONTE said: “We are delighted to have partnered with ZeroAvia who is the market leader in hydrogen-electric propulsion technologies.”
“Our partnership is an important step in our journey towards becoming one of the world’s first zero-emission aircraft lessors and we look forward to working with the ZeroAvia team on offering financing solutions for turboprop operators.”
James Peck, VP of Business Development, ZeroAvia, said: “We’re pleased to announce our partnership with MONTE. Together, ZeroAvia and MONTE will provide a compelling proposition to operators of 5-20 seat aircraft.”
“This partnership will offer flexibility to operators to allow them to launch zero-emissions flights on their networks, as well as extending the lifespan of hundreds of in-service airframes.”
ZeroAvia is a British/American-based company owned by Val Mifthakov. ZeroAvia is a pioneer and a front runner in zero-emission aviation, with its niche in hydrogen-electric powertrains.