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JetSetGo makes a $1.3 billion contract with three international aviation tech companies for 280 hybrid-electric aircraft.

The strategic partnership with Horizon Aircraft, Overair, and Electra.aero was launched during the ongoing Wings India 2024 mega-aviation event in Hyderabad.
PTI
 

HYDERABAD: Three international aviation technology companies and air services provider JetSetGo have inked a contract worth over USD 1.3 billion for 280 hybrid-electric aircraft, including 130 on option. According to JetSetGo, these aircraft may be used for airport transfers, local connection, inter-city travel, intra-city shuttles, and urban air taxis.

The strategic partnership with Horizon Aircraft, Overair, and Electra.aero was launched during the ongoing Wings India 2024 mega-aviation event in Hyderabad.



According to the deals made this week, JetSetGo will purchase 150 aircraft for a total of USD 780 million.

"The agreements include further options to acquire additional aircrafts for a potential fleet size of 280 to scale its innovative air mobility solutions, raising the overall deal value of above USD 1.3 billion," the organization stated.


Air taxi-style services for short-distance travel between and within cities are made possible by advanced air mobility, which makes use of innovative aviation technologies including electric and hybrid-electric propulsion, according to information provided.


In a statement, JetSetGo said it thinks Advanced Air Mobility (AAM) solutions offer enormous potential for increased mobility and connection throughout India's urban and regional landscapes, similar to the social and economic effects of commercial aviation.

India is a perfect place for AAM to launch because of its location and population. The founder and CEO of JetSetGo, Kanika Tekriwal, stated, "Our collaboration with these three outstanding innovators will bring cutting-edge technologies to India, including super-quiet optimal speed tilt rotors, hybrid and electric propulsion, and blown lift and fan-in-wing lift systems."


The three AAM aircraft designs that were chosen, according to the company's study, provide the best combination for the five use cases that were identified: intracity shuttles, urban air taxis, intercity commutes, airport transfers, and regional connections.


JetSetGo aims to lead the way in applying AAM to these use cases, beginning with hybrid-electric aircraft from Electra.aero and Horizon that can leverage current infrastructure. Later, as the infrastructure to support this grows in India's cities, the company said, it will introduce Overair's Butterfly advanced electric eVTOL aircraft for future urban air mobility applications.

The New Delhi-based JetSetGo was founded in 2014 by Tekriwal and Sudheer Perla. Its current fleet consists of six different aircraft, ranging from big passenger jets to helicopters, and five mid-size Hawker aircraft.


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