South Korean leasing company Solyu has signed a letter of intent for 25 Alice all-electric aircraft from Eviation Aircraft, with an option for an additional 25 aircraft.

The nine-passenger commuter aircraft, which integrates magniX’s electric propulsion system, produces zero carbon emissions and features lower operating costs per flight hour compared to light jets or high-end turboprops. Solyu will provide finance and leasing solutions for the Alice aircraft to its global customer base.

Andrew Claerbout, President of Solyu, commented, “We are very excited to work with Eviation to bring sustainable aviation to the market. With aviation regulations focusing on sustainability and airlines demanding to reduce their carbon footprint, we see Alice as a major contributor to meeting those targets. In addition to its zero emissions, Alice’s flexible layout and low operating costs will provide operators opportunities to open new markets.”

Eviation has now secured $5bn in orders for the Alice aircraft, according to Gregory Davis, the company’s CEO. “It is gratifying to see the marketplace so excited about Alice’s innovative design, low cost of operation and environmental credentials,” he said. “We are delighted to have Solyu, our newest leasing customer, join us in our mission to lead the electric age of aviation.”

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