American Airlines invests in ZeroAvia and signs MoU for 100 engines

By Featured, Sustainability

American Airlines has announced its investment in ZeroAvia, with an MoU to order up to 100 engines from its hydrogen-electric powertrain development programme. The engines are intended to power regional jet aircraft with zero emissions.

Derek Kerr, American’s Chief Financial Officer, said: “Our investment in ZeroAvia’s emerging hydrogen-electric engine technology has the potential to play a key role in the future of sustainable aviation. We are excited to contribute to this industry development and look forward to exploring how these engines can support the future of our airline as we build American Airlines to thrive forever.”

Val Miftakhov, ZeroAvia, Founder & CEO, added: “Having support from the world’s largest airline is a strong indication of the progress we’re making on the development of hydrogen-electric, zero-emission flight. We are focused on delivering sustainable travel, and are delighted that American, a visionary leader in the industry, sees ZeroAvia as a part of the future of aviation.”

The commercial and investment deal with American continues the strong commercial momentum for ZeroAvia’s hydrogen-electric powertrain technologies and Hydrogen Airport Refueling Ecosystem (HARE), coming on the heels of the agreements with Ravn Alaska, MONTE, MHIRJ, Otto Aviation, Shell, Edmonton International Airport and PowerCell.

FIA2022: ZeroAvia secures $30million in funding from big-name investors

By Featured, FIA2022, Sustainability

ZeroAvia has announced that it has USD$30 million in funding from new investors: Barclays, NEOM, and AENU, with International Airlines Group adding to prior investment from the Group, bringing the Series B round to $68million.

With major airlines – United Airlines and Alaska Airlines – already counted as strategic investors, this new batch of investment will further advance ZeroAvia’s 2-5MW hydrogen-electric powertrain development programme. Aiming to power 40-80 seat aircraft with zero-emission engines by 2026.

Val Miftakhov, founder and CEO, ZeroAvia said: “Each of these star investors brings a unique perspective and strength to ZeroAvia’s wider team – from one of the world’s biggest airline groups, one of the largest and most historic banks, to the ambitious project to build the world’s first zero-carbon metropolis, as well as a pure-play impact investor. Our new investors are each looking at our journey through a different lens, but all energized by our mission to enable zero-emission flight using hydrogen-electric engines. This is a great recognition of ZeroAvia’s leadership in the space, fueled by real, tangible achievements.”

Steven Poulter, Head of Principal Structuring and Investments at Barclays said: “The aviation industry will require significant and recurring investment in the years ahead to ensure its technological evolution can keep pace with global decarbonisation targets. ZeroAvia is an innovative, industry-leading aviation business – we are delighted to support its ambition towards zero-emission flight, and look forward to seeing them accelerate change in the sector.”

ZeroAvia Advances Regional Jet Plans; Strikes New Agreement with MHIRJ

By Featured

ZeroAvia has made a big leap forward in plans to deliver hydrogen-electric engines for regional jets, thanks to an expanded agreement with MHI RJ Aviation Group (MHIRJ). As part of the collaboration, MHIRJ will provide engineering services, aircraft integration, and its industry renowned OEM experience to support the certification of ZeroAvia’s hydrogen-electric powertrain for retrofit onto airframes in the regional jet markets.

ZeroAvia is already well advanced in plans to certify its ZA600, 600kW powertrain for smaller, 10-20 seat aircraft, with entry into service planned for 2024. Concurrently, the company is working on ZA2000, a 2-5MW modular powertrain which targets support for 40-80 seat turboprops by 2026. The ZA2000RJ powertrain will expand this technology to enable passengers to fly in zero-emission regional jets as early as the late 2020s.

This agreement places the CRJ Series aircraft as a frontrunner for the earliest operations using true zero-emission engines. Over 2,000 CRJ Series aircraft have been built since the launch of the program, effectively establishing itself as the backbone of regional aviation in the United States.

This expanded agreement follows a Memorandum of Understanding signed by the parties at the end of last year.

Speaking from the World Economic Forum in Davos where he has been discussing the pathway to sustainable aviation, Val Miftakhov, CEO and Founder of ZeroAvia, said: “There are hundreds of CRJ Series aircraft in daily operation across North America, transporting millions of passengers. All these flights can and should be zero-emission well before the end of this decade. This agreement is a giant step forward in delivering hydrogen-electric engines to the regional jet segment.”

The agreement is the first for MHIRJ’s Aerospace Engineering Centre (AEC) in the hydrogen propulsion field. MHIRJ’s Aerospace Engineering Centre aims to provide engineering, design and certification services to third parties using the wide expertise and experience of its engineering team.

Hiro Yamamoto, President and CEO of MHIRJ, said: “We are very excited about this agreement with ZeroAvia as it furthers two important goals for MHIRJ. The first is to continue to grow our AEC business through working with other companies and using our vast engineering expertise to advance this state-of-the art project. The second benefit is that we are part of the value chain in bringing innovative sustainable technology into the regional space.”

In the last quarter of 2021, ZeroAvia secured partnerships and funding with major airlines Alaska Air Group and United Airlines to accelerate the development of its ZA2000 engine, the largest of ZeroAvia’s current powertrain platforms. This announcement with MHIRJ closely follows ZeroAvia’s expansion of its Hollister location in California and a deal with Shell for hydrogen supply, as well as the opening of a new facility at Paine Field in Washington State in January.