- JetSetGo builds strategic partnerships with Electra.aero, Horizon Aircraft, and Overair and signs agreements with a deal value of over $1.3 Billion to accelerate India’s Air Mobility Future.
- By bringing unique technologies, these complimentary partnerships aim to transform the on-demand aviation sector and position India as a potential global leader in developing AAM solutions tailored for developing economies.
JetSetGo announces strategic partnerships with three global aviation technology leaders – Electra.aero, Horizon Aircraft and Overair – to bring Advanced Air Mobility (AAM) solutions to India. The partnerships were unveiled during the first AAM conference held at Begumpet Airport.
As part of the agreements signed this week, JetSetGo is set to acquire 150 aircrafts for an aggregate deal value of $780 million. The agreements include further options to acquire additional aircrafts for a potential fleet size of 280 to scale its innovative air mobility solutions, raising the overall deal value of above $1.3 billion.
The AAM event saw participation from operators, OEMs, regulators, investors and policy makers, coming together to showcase new technologies and solutions in Advanced Air Mobility.
KanikaTekriwal, JetSetGo’s CEO and Co-founder, stated, “The enthusiasm and ideas showcased at today’s conference reaffirms our belief – India has the energy and the building blocks to become the world’s leader in AAM solutions tailored for developing economies. Our partnership with these three leading innovators will introduce unique technologies like ‘blown lift’ and ‘fan-in-wing’ lift systems, hybrid and electric propulsion, and super-quiet optimal speed tilt rotors to India. We want to lead the transformation of urban and regional connectivity and believe we have the right partners and technologies to make this vision a reality.”
Brandon Robinson, Chief Executive Officer of Horizon commented, “We are truly honoured by this commitment from JetSetGo. We are confident that our Cavorite X7 eVTOL will operate sustainably and profitably across India as well as many other global locations. As a hybrid electric aircraft, there is no need to install expensive charging support equipment across the travel network; it is a machine designed for challenging, real-world operations.”
Marc Ausman, Chief Product Officer of Electra.aero. “Our aircraft’s unique ability to operate from soccer field sized spaces, with the capacity to transport nine passengers up to 500 miles, enables JetSetGo to identify new routes using eSTOL capability, and deliver sustainable, affordable air connections to India’s communities previously underserved by flight.”
Valerie Manning, Chief Commercial Officer for Overair, said, “Butterfly will provide a safe, quiet, and efficient mobility solution for urban and regional transport across the broadest range of weather conditions and geographic environments. In addition, the associated advanced air mobility ecosystem will create a multitude of jobs and fuel economic growth.”
JetSetGo Builds Strategic Partnerships, Agreements Deal Value of Over $1.3 Billion
