Solyu Purchases 25 Alice Electric Commuter Aircraft from Eviation

Sept. 6, 2023
Solyu will provide financing and leasing options for the Alice to a global customer base to activate more routes and improve the convenience of air travel

Eviation Aircraft announced that Solyu, a South Korean leasing company, has signed a Letter of Intent to purchase 25 Alice electric commuter aircraft with the option to purchase 25 more in the future. Solyu will provide financing and leasing options for the Alice to a global customer base.

With this latest deal, Alice is now valued at nearly $5 billion.

"Solyu's order is a testament to how lessors are embracing Alice as the future of flight," said Eddie Jaisaree, Vice President, Commercial Sales at Eviation. "The leasing community is an important constituent in bringing about sustainable change in the aviation industry. It is exciting to see a company such as Solyu recognizing Alice's zero carbon technology, economic viability, and beautiful design."

The Alice is a nine-passenger electric commuter aircraft built from a clean-sheet design that integrates magniX’s electric propulsion system.  This ensures the aircraft produces zero carbon emissions while creating lower operating costs per flight hour when compared to light jets or high-end turboprops.

Solyu hopes to use the aircraft to activate more routes and improve the convenience of air travel.

"We are very excited to work with Eviation to bring sustainable aviation to the market," said Andrew Claerbout, President of Solyu. "With aviation regulations focusing on sustainability and airlines demanding to reduce their carbon footprint, we see Alice as a major contributor to meeting those targets. In addition to its zero emissions, Alice's flexible layout and low operating costs will provide operators opportunities to open new markets."