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All-elec­tric air­craft man­u­fac­tur­er Evi­a­tion Air­craft yes­ter­day announced that Solyu leas­ing com­pa­ny based in Seoul, South Korea, has signed a let­ter of intent for 25 com­muter Alice air­craft with options for 25 addi­tion­al air­craft, stat­ing that its order book has now sur­passed $5 bil­lion.

Solyu is focused on sup­port­ing sus­tain­able avi­a­tion by pro­vid­ing financ­ing and leas­ing solu­tions for the Alice to a glob­al cus­tomer base of oper­a­tors, a lessor focused on pro­vid­ing cus­tomers with the newest tech­nol­o­gy, zero emis­sions air­craft. The team at Solyu has decades of glob­al expe­ri­ence in air­craft leas­ing and finance.

Evi­a­tion claims its nine-pas­sen­ger Alice is the world’s first flight-proven all-elec­tric com­muter air­craft, inte­grat­ing mag­niX’s indus­try-lead­ing elec­tric propul­sion sys­tem to pro­duce zero car­bon emis­sions and fea­tur­ing low­er oper­at­ing costs per flight hour com­pared to light jets or high-end tur­bo­props.

“Solyu’s order is a tes­ta­ment to how lessors are embrac­ing Alice as the future of flight,” said Eddie Jais­a­ree, Vice Pres­i­dent, Com­mer­cial Sales at Evi­a­tion.

“The leas­ing com­mu­ni­ty is an impor­tant con­stituent in bring­ing about sus­tain­able change in the avi­a­tion indus­try. It is excit­ing to see a for­ward-think­ing com­pa­ny such as Solyu recog­nis­ing Alice’s zero car­bon tech­nol­o­gy, eco­nom­ic via­bil­i­ty and beau­ti­ful design.”

Solyu pres­i­dent Andrew Claer­bout added: “With avi­a­tion reg­u­la­tions focussing on sus­tain­abil­i­ty and air­lines demand­ing to reduce their car­bon foot­print, we see Alice as a major con­trib­u­tor to meet­ing cli­mate tar­gets. In addi­tion to its zero emis­sions, Alice’s flex­i­ble lay­out and low oper­at­ing costs will pro­vide oper­a­tors oppor­tu­ni­ties to open new mar­kets.”

Evi­a­tion CEO Gre­go­ry Davis con­clud­ed: “As we con­tin­ue to take impor­tant steps toward cer­ti­fi­ca­tion, Alice has now secured $5 bil­lion in orders. We are delight­ed to have Solyu, our newest leas­ing cus­tomer, join us in our mis­sion to lead the elec­tric age of avi­a­tion.”