VoltAero offers fractional shares in electric hybrid aircraft

VoltAero will begin selling co-ownership shares in its five-seat Cassio 330 hybrid-electric aircraft to European customers next week during EBACE 2020 in Geneva. The Cassio 330 is the first of three aircraft VoltAero is working to bring to market, with first deliveries now expected in 2024, subject to the completion of EASA CS-23 type certification. The other two models are the six- and 12-seat Cassio 480 and 600, each model number of which refers to the power rating of their propulsion system in kilowatts.

Announcement of the condominium plan on May 18, french society said it will offer one-fifth of each aircraft’s shares, based on an initial expected annual usage of 800 flight hours. This total could reach 1,000 flight hours per year as operations expand, with owners able to fly in aircraft on a planned fleet operated by various planned European operating partners, with services beginning in France.

Last year, Airways Aviation, based in Montpellier, France, agreed to buy 15 Cassio jets, with the intention of using them for both private charter flights and regional airline services. VoltAero does not intend to obtain its own Air Operator’s Certificate (AOC).

According to the manufacturer, partners holding the AOC will have an exclusive relationship with VoltAero under which it will sign customers and also provide training, service and support, maintenance manuals and financing options. The French company has not yet released the share price, but will begin registering expressions of interest from potential buyers at the EBACE trade show.

Developing its hybrid-electric technology, VoltAero has already flown more than 10,000 km in its Cassio 1 technology demonstrator with multiple trips across Europe on typical air taxi and charter flight segments. The company expects these extensive operational flight tests to contribute to a smooth approval process.

Production versions of the Cassio will be powered by three 60 kW Engineus 45 electric motors from Safran and a 370 hp internal combustion engine, collectively driving a five-blade pusher propeller in a pusher configuration. The Cassio 1 demonstrator has a pair of forward-mounted propellers, each driven by an Engineus 45 engine.

The Cassio aircraft will use the propulsion system’s electric motors for all-electric power during taxi, takeoff, “main flight” and landing. The power of the internal combustion engine can be deployed during cruise phases to extend range by recharging batteries during flight.

VoltAero is conducting a Series B funding round and said it has signed term sheets with the first group of new investors. This money, combined with some of the money from “partially refundable” deposits it intends to collect from timeshare customers, will cover the remaining type certification work and start mass production in the future. factory he is building at Rochefort airport in southwestern France.

“Cassio will usher in a new era of highly sustainable air travel in Europe with on-demand flight services for those who join our co-ownership [program]said Jean Botti, CEO and CTO of VoltAero. “It is only fitting that we are bringing this mobility solution to Europe with Cassio, a truly innovative next-generation aircraft that is developed and built in Europe.”

In July, KinectAir and VoltAero announced a joint plan to offer fractional ownership shares in the Cassio family of aircraft. The US-based private aviation platform was not mentioned in this week’s announcement.

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