ISRAEL 
HIGH-TECH & INVESTMENT REPORT

from the June 2019 issue


Israeli co Eviation unveils electric plane at Paris Air Show

The company, which has developed the world's first all-electric aircraft, has signed its first deal, with US regional carrier Cape Air.

Israeli startup Eviation has unveiled the industry's first all-electric aircraft at the Paris Air Show. Eviation has also signed its first deal for an option to supply US regional carrier Cape Air with a 'double-digit' number of aircraft. The plane, called Alice, can carry up to nine passengers and has a range of up to 650 miles and cruising speed of 276 mph.

"Operating at a fraction of the costs of conventional jetliners, our Alice will redefine how people travel regionally and usher in a new era of flying that is quieter, cleaner and cost effective," Eviation CEO Omer Bar-Yohay told "Reuters."

The aircraft, which can potentially remedy the high carbon emissions from conventional planes, is currently undergoing test flights and hopes to receive certification by 2021. Eviation expects to begin shipping for commercial use by 2022.

Cape Air founder and CEO Dan Wolf said, "We see tremendous opportunities to reduce the environmental impact of our operations."

The aircraft is designed for short haul commuter flights and costs about $4 million, much cheaper than conventional jet-powered planes The plane has three MagniX engines, which can produce 900 killowatts of power.



Reprinted from the Israel High-Tech & Investment Report June 2019

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