Beta Technologies Announces Deal with LCI for up to 125 eVTOLs

International helicopter and fixed-wing lessor LCI has signed an agreement with Vermont-based Beta Technologies to acquire its Alia electric vertical takeoff and landing (eVTOL) aircraft.

Thom Patterson

Wednesday, April 27, 2022 at 12:01 PM ET

Verified

Beta Technologies, based in Burlington, Vermont, is currently flight testing a pair of its Alia eVTOL demonstrators. [Courtesy: Beta Technologies]

Key Takeaways:

International aircraft lessor LCI has agreed to acquire up to 125 Alia electric vertical takeoff and landing (eVTOL) aircraft from Vermont-based Beta Technologies, a deal that could nearly double LCI's current fleet.
This agreement is a significant development for Beta Technologies, building on its existing deals with companies like UPS and Blade, a partnership with the U.S. Air Force, and recent Series B funding.
The Alia eVTOL aircraft, expected to receive FAA certification by 2024, is a zero-emission, battery-powered vehicle designed for both cargo and passenger transport, with Beta also developing a supporting charging network.

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International helicopter and fixed-wing lessor LCI has signed an agreement with Vermont-based Beta Technologies to acquire up to 125 of its Alia electric vertical takeoff and landing (eVTOL) aircraft.

The deal has the potential to nearly double LCI’s fleet of 140 airplanes and helicopters. The Ireland-based company’s customers have included British Airways, Air France, and Singapore Airlines.