JetSetGo Forges $1.3 Billion Deal for 280 Hybrid-Electric Aircraft with Global Aviation Tech Leaders

In a groundbreaking move, JetSetGo has solidified strategic partnerships with three global aviation technology giants—Electra.aero, Horizon Aircraft, and Overair—unveiling agreements valued at an impressive $1.3 billion during the Wing India 2024 conference at Begumpet airport.

Strategic Partnerships and Agreements:

JetSetGo has inked significant agreements that position the company at the forefront of the aviation industry's electric and hybrid-electric propulsion revolution. The deal encompasses the acquisition of 150 aircraft, with a total value of $780 million. The agreements further include options for additional aircraft, potentially expanding the fleet to 280, making the overall deal value exceed $1.3 billion.

Focus on Advanced Air Mobility (AAM):

The core of these partnerships lies in advancing air mobility (AAM), a transformative approach utilizing electric and hybrid-electric propulsion for air taxi-style services catering to short-distance travel within and between cities. The agreements underline the commitment to adopting cutting-edge technologies that can revolutionize urban and regional connectivity.

Use Cases and Identified Scenarios:

JetSetGo has identified five specific use cases for the AAM aircraft designs: airport transfers, regional connectivity, intercity commute, intracity shuttles, and urban air taxis. These scenarios align with the company's vision to enhance mobility and connectivity across India's diverse urban and regional landscapes.

Potential of AAM Solutions in India:

Kanika Tekriwal, CEO and Co-founder of JetSetGo, expressed excitement about the partnerships, highlighting India's ideal positioning for AAM solutions due to its geography and demographics. The agreements signify a strategic move to leverage AAM solutions tailored for developing economies, positioning India as a potential global leader in this transformative sector.

Aircraft Designs and Sustainability Focus:

The selected AAM aircraft designs from Electra.aero and Horizon involve the use of hybrid-electric planes, emphasizing the utilization of existing infrastructure. Additionally, Overair's Butterfly advanced electric eVTOL aircraft is earmarked for future urban air mobility applications. Brandon Robinson, CEO of Horizon, commended JetSetGo's commitment, underlining the sustainability and efficiency of their Cavorite X7 eVTOL.

Ambitious Vision for Urban and Regional Connectivity:

JetSetGo's ambitious vision involves leveraging these agreements to transform urban and regional connectivity using cutting-edge technologies. The scale and strategic nature of the partnerships underscore JetSetGo's commitment to becoming a key player in the evolution of the aviation industry.