Singapore's Clermont Group Acquires Eviation Aircraft | Aviation International News

Singapore's Clermont Group Acquires Eviation Aircraft

Clermont has completed its majority acquisition of Eviation Aircraft, which plans to become the first-to-market manufacturer of an all-electric aircraft.

By Chad Trautvetter • Online Editor

August 29, 2019

Singapore-based Clermont Group has completed its majority acquisition of Eviation Aircraft, the companies announced today. In January, Clermont entered into an agreement to acquire a 70-percent stake in the Israel-based startup, which plans to become the first-to-market manufacturer of an all-electric-propulsion aircraft.

Eviation is working on the all-electric Alice, which targets middle-mile commutes of up to 650 miles and was unveiled at the Paris Air Show in June. Also at the airshow, the company announced its first commercial contract—with U.S.-based Cape Air—and expects to begin shipping the aircraft for commercial use in 2022.

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