India’s JetSetGo Orders $1.3B Worth of Electric Aircraft from 3 Manufacturers

The private charter marketplace signed agreements with Horizon Aircraft, Overair, and Electra.aero to acquire as many as 280 aircraft.

Jack Daleo

Friday, January 19, 2024 at 02:49 PM ET

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JetSetGo has signed agreements to acquire Overair’s Butterfly (left), Electra.aero’s eSTOL, and Horizon Aircraft’s Cavorite X7—all full- or hybrid-electric designs. [Courtesy: JetSetGo]

Key Takeaways:

Indian charter company JetSetGo has partnered with North American manufacturers Horizon Aircraft, Overair, and Electra.aero to order up to 280 electric and hybrid-electric air taxis in a deal valued at up to $1.3 billion.
This initiative aims to establish India's advanced air mobility (AAM) industry, offering diverse solutions for airport transfers, regional connectivity, and urban transport to combat the country's severe road congestion and reduce aviation emissions.

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Three North American manufacturers will deliver electric air taxis to India to help jump-start the country’s advanced air mobility (AAM) industry.

JetSetGo, an Indian marketplace for private jet and helicopter charters that also operates its own fleet, on Friday announced strategic partnerships with Horizon Aircraft, Overair, and Electra.aero to order as many as 280 aircraft, which would value the deal at a whopping $1.3 billion.