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 signed an agreement with Beta Technologies to acquire up to 125 Alia eVTOL aircraft, potentially nearly doubling LCI's current fleet.
The deal adds to Beta Technologies' existing partnerships with companies like UPS and Blade, and its collaboration with the U.S. Air Force's Agility Prime program.
Beta's Alia eVTOL aircraft is a battery-powered, zero-emission design for both cargo and passenger transport, expected to receive FAA certification by 2024.
Beta Technologies is also developing a nationwide network of charging stations to support the emerging 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.