FutureFlight
Propulsion Specialist H55 and Leasing Group Vmo Will Offer Finance Options To Electrify Aviation
The companies say electric propulsion will deliver much lower operating costs even if the purchase price of the new aircraft is higher.
H55 battery cells for electric aircraft.
H55 is developing new batteries and electric propulsion systems for new and existing aircraft. (Image: Anna Pizzolante/air-to-air.ch)

Aviation propulsion pioneer H55 is joining forces with Vmo Aircraft Leasing to incentivize the adoption of electric aircraft and their associated batteries and energy management systems by offering financing packages. The companies, which launched their partnership in April, say they plan to offer leasing options to aircraft operators and manufacturers that will boost the operational and capital case for switching to zero-carbon technology.

Switzerland-based H55 is a spin-off Solar Impulse project, which broke ground with a series of international flights culminating in a 2016 circumnavigation of the globe in an aircraft powered entirely by solar energy using photovoltaic cells installed in the wing. Subsequently, H55 has been developing electric propulsion systems and battery packs for several partners, including Piper Aircraft and the flight training group CAE.