50 SKY SHADES - World aviation news

New investment in Bye Aerospace - Fuyo Lease Group

Download: Printable PDF Date: 31 Jan 2022 08:04 (UTC) categories:
New investment in Bye Aerospace - Fuyo Lease Group - Finance publisher
Dana Ermolenko
Aircraft: Airplanes

Fuyo General Lease Co., Ltd. has undertaken a third-party allocation of new shares in Bye Aerospace Inc., a developer of small electric aircraft; and has entered into a capital alliance to support its business. Amid global demand for measures to combat climate change, the aviation industry is also making efforts to achieve decarbonization, such as the International Air Transport Association (IATA) adopting a target of zero greenhouse gas emissions by 2050 and through other developments like electric aircraft, hydrogen powered aircraft and the spread of sustainable aviation fuels (SAF) are also accelerating.

Bye Aerospace is working to develop and manufacture small electric aircraft, the “eFlyer” series, that can achieve zero emissions, training for new pilots and inter-regional air passenger and cargo transport at significantly lower costs. The global electrification of small aircraft, of which there are approximately 130,000 one-engine piston aircraft in operation in the U.S. alone (as of the end of 2019), is expected to reduce CO2 emissions by the equivalent of 135 million tons per year (based on Bye Aerospace’s estimations); (equal to about 10% of Japan's CO2 emissions in fiscal 2019).

Fuyo Lease Group has identified "aircraft" as one of its strategic fields in its medium-term management plan "Frontier Expansion 2021". Through our investment in Bye Aerospace, we will work to expand the aviation business field by grasping the trends of global innovation in zero-emission technologies and contribute to decarbonization of aviation. The Fuyo Lease Group is dedicated to helping build a more sustainable society by implementing the concept of Creating Shared Value (CSV), which aims to grow as a company while proactively addressing social issues.

Loading comments for New investment in Bye Aerospace - Fuyo Lease Group...


SWISS & SBB intensify their strategic partnership: Munich-Zurich Airport to be the first international ‘SWISS Air Rail’ route

The ‘Airtrain’ is going international: SWISS is expanding its collaboration with SBB Swiss Federal Railways on its intermodal transport service, which will in future be known as ‘SWI...

Airbus A320ceo/neo Full Flight Simulator is ready for training at BAA Training Spain

One more Full Flight Simulator (FFS) upgraded with the recent Airbus Std. 2.0, Airbus A320ceo/neo, has passed final acceptance tests and Initial Evaluation and is now declared “Ready For Trainin...

DA62 MPP North America demonstration tour - Diamond Aircraft & Air Bear

Diamond Aircraft Austria and California based, Air Bear Tactical Aircraft, LLC are excited to jointly announce that Diamond’s special mission aircraft flagship will be touring the United States...

airBaltic starts recruitment of 120 pilots

In line with the gradual recovery of the aviation market, airBaltic announces that it has started recruitment of a total of 120 additional pilots, including graduates of the airBaltic P...

The drones news