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 helicopter and fixed-wing lessor LCI has signed an agreement to acquire up to 125 Alia electric vertical takeoff and landing (eVTOL) aircraft from Vermont-based Beta Technologies.
This significant deal has the potential to nearly double LCI’s existing fleet, signaling a major investment in the emerging eVTOL market and adding to Beta Technologies' growing list of partnerships with companies like UPS and the U.S. Air Force.
Beta Technologies expects FAA type certification for its zero-emission Alia aircraft by 2024, initially developing a cargo variant followed by a passenger model, and is also building a nationwide network of charging stations to support the eVTOL industry.

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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.