Vantaa-based company Lygg has inked a monumental billion-euro deal with the U.S.-based hybrid aircraft manufacturer, Electra. This collaboration signals a pivotal stride towards transforming air travel into a more eco-friendly and efficient mode of transportation. The partnership paves the way for the introduction of up to 300 hybrid aircraft by 2028. These cutting-edge aircraft, designed by Electra, will be integrated into Lygg’s operational model, promising direct connections and a remarkable reduction in carbon emissions by utilizing renewable Sustainable Aviation Fuel (SAF).
With this landmark agreement, Lygg secures the exclusive right to offer its operators the purchase of 150 Electra hybrid planes initially, with an option for an additional 150, culminating in a colossal €1 billion deal. The plan is to introduce these aircraft through the innovative Hybrid as a Service (HaaS) model, providing operators with financial support and a profitable business structure.
“We are primarily facilitators in this scenario, much like Uber once offered cars to Southeast Asian taxi drivers. The agreement combines Electra’s revolutionary, already in use technology with Lygg’s equally pioneering business model. Having followed Electra for a long time, we are convinced that they will be one of the leaders in this market. We, in turn, can offer a direct path to commercial business for their planes through our corporate customer network and operators,” says Lygg’s CEO Roope Kekäläinen.
With this landmark agreement, Lygg secures the exclusive right to offer its operators the purchase of 150 Electra hybrid planes initially, with an option for an additional 150, culminating in a colossal €1 billion deal. The plan is to introduce these aircraft through the innovative Hybrid as a Service (HaaS) model, providing operators with financial support and a profitable business structure.
“We are primarily facilitators in this scenario, much like Uber once offered cars to Southeast Asian taxi drivers. The agreement combines Electra’s revolutionary, already in use technology with Lygg’s equally pioneering business model. Having followed Electra for a long time, we are convinced that they will be one of the leaders in this market. We, in turn, can offer a direct path to commercial business for their planes through our corporate customer network and operators,” says Lygg’s CEO Roope Kekäläinen.
