FutureFlight
Leasing Group Backs Hybrid-Electric Regional Airliner Project
Falko says that it may include the 70-seat hybrid-electric aircraft in its leasing portfolio for airlines.
Electric Aviation Group
The UK-based Electric Aviation Group is developing a 70-seat hybrid-electric aircraft that it says will replace regional airliners like the ATR72. (Image: Electric Aviation Group)

Aircraft asset management and leasing group Falko has backed the development of a hybrid-electric regional airliner with an undisclosed investment in UK start-up Electric Aviation Group (EAG). The 70-seat design was unveiled in July 2020 and the Bristol-based company says it will be ready to enter service in 2028.

According to EAG, the short takeoff and landing Hybrid Electric Regional Aircraft (HERA) will deliver a range of up to 1,380 miles. The company says it expects to be able to offer an all-electric version of the narrowbody airliner by around 2030, as battery or alternative fuel technology permits.