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 to acquire up to 125 Alia electric vertical takeoff and landing (eVTOL) aircraft from Vermont-based Beta Technologies, potentially nearly doubling LCI's current fleet.
The deal adds to Beta Technologies' existing partnerships with companies like Blade and UPS, and follows a recent $375 million Series B funding round.
Beta's Alia eVTOL aircraft, which is designed for both cargo and passenger variants, is targeting FAA type certification by 2024 and boasts a 250 nm range and 150 kts speed with under an hour recharge time.
Beta Technologies is also developing a nationwide network of charging stations to support the emerging eVTOL industry.

See a mistake? Contact us.

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.