ACIA signs Letter of Intent with Universal Hydrogen to decarbonize Aviation Fleet

Nov. 17, 2021
A firm order of 10 ATR 72 conversion kits is expected, with additional purchase rights for 20 kits

Universal Hydrogen Co., which offers solutions to decarbonize the aviation industry, and regional aircraft lessor ACIA Aero Leasing have signed a letter of intent to purchase conversion kits for ACIA’s fleet.

Initially, ACIA, which has offices in Ireland, France, Canada, Mauritius, and South Africa, is expected to order ten ATR 72 conversion kits from Universal Hydrogen. The LoI includes additional purchase rights for 20 conversion kits of various types. The aim is to decarbonize ACIA’s fleet of turboprop aircraft.

ACIA’s CEO Mick Mooney noted that its lessees seek solutions to reduce their carbon footprint and decrease costs and said, “Decarbonizing our fleet encourages customers and competitors to follow our lead in advancing the development of carbon-free solutions.”

 “ACIA’s diverse customer base allows us to have a major decarbonization impact on regional aviation globally,” added Paul Eremenko, Universal Hydrogen co-founder and CEO. “ACIA’s passenger and cargo aircraft leasing customers will be able to move to true zero emissions operations as early as the mid 2020s, putting them in the vanguard of clean aviation.”

 Once the fleet is decarbonized, ACIA and Universal Hydrogen will market hydrogen fuel services to lessees. Universal Hydrogen will leverage the existing infrastructure and airport cargo handling equipment to deliver green hydrogen to regional airports.