The Clermont Group Acquires Eviation
The Clermont Group announced that it completed its acquisition of Israel-based electric aircraft company Eviation Aircraft, developer of the all-electric, nine-passenger Alice commuter aircraft, on Thursday. As previously reported by…
Image: Eviation Aircraft
The Clermont Group announced that it completed its acquisition of Israel-based electric aircraft company Eviation Aircraft, developer of the all-electric, nine-passenger Alice commuter aircraft, on Thursday. As previously reported by AVweb, Eviation displayed the first “fully operational” Alice at the Paris Air Show in Le Bourget, France, last June, where company also announced U.S. airline Cape Air as its first commercial customer. The Clermont Group, which is based in Singapore, owns electric motor manufacturer magniX, the producer of the 375-horsepower magni250 motor selected for use on the Alice last April.
“Eviation is delighted to be joining the Clermont Aerospace family,” said Eviation CEO Omer Bar-Yohay. “2019 has been a pivotal year for everyone at the company—we debuted our first electric aeroplane Alice, announced a partnership with magniX and secured our first commercial contract with Cape Air. Clermont’s investment and expertise in business-building will enable us to accelerate our growth and take Eviation to new heights.” Financial details of the acquisition were not disclosed.
The Alice is expected to have a range of up to 650 miles, cruise speed of about 240 knots and service ceiling of 30,000 feet. The Clermont Group reiterated previous statements by Eviation that it expects to begin shipping the aircraft to commercial customers in 2022.
