Falko invests in Electric Aviation Group

Falko Regional Aircraft Ltd. has announced it has made an investment in the Electric Aviation Group, although the exact amount hasn't been made public. Falko is an aircraft asset management company, specialized in regional aircraft and leases-out a fleet of 120 aircraft to various operators worlwide.

The Electric Aviation Group is an UK-based company which aims to develop hybrid engine technology for existing (regional) aircraft but is also developing its own regional hybrid aircraft, the HERA 70+. This new planned aircraft will feature four (electric) engines and will be able to carry up to 80 passengers over a maximum distance of 2,200 km. Thanks to its four engines, it will have Short Take-Off and Landing (STOL) capabilities and will be able to take-off within 1,200 m. A cargo-version is also considered for later and EAG hopes to have the aircraft ready for delivery by 2028, which would make them one of the frontrunners in launching a regional, low-emission, aircraft.

Falko was launched in 2011 when the former management team, backed by private investors, took-over British Aerospace Asset Management and renamed the company Falko. Currently it leases-out nine ERJ170s, four ERJ175s, 27 ERJ190s, eighteen ERJ195s, seven CRJ200s, 33 CRJ900s, two CRJ1000s, thirteen ATR72-500s, three RJ85s, two CL-415s and two DHC-8-400s.

Illustration by EAG