Hyperdrive
Avolon Places Up to 100 Flying Taxis in Turkish Deal
- Lessor finds users for 500 Vertical Aerospace craft since June
- Last of initial order snapped up for Turkish airline owner
This article is for subscribers only.
Plane-leasing firm Avolon Holdings Ltd. said it could order more flying taxis after finding prospective users for all 500 craft in a $2 billion purchase from U.K. startup Vertical Aerospace Ltd.
Demand for electric vertical takeoff and landing or eVTOL craft exceeds supply, making the rapidly emerging sector “a good place to be,” Avolon Chief Executive Officer Domhnal Slattery in an interview Tuesday.