A $50 million deal for Sirius

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27.03.2024
Bali

Aerospace company Sirius Aviation AG has signed a partnership agreement with PARQ Development to deliver 10 hydrogen-powered vertical takeoff and landing (VTOL) jets along with tailored support services to Bali, Indonesia. The agreement is estimated to be worth $50 million in revenue.

The Sirius Jet is the world's first hydrogen-powered, zero-emissions VTOL aircraft for direct point-to-point flight transportation. Contrary to traditional eVTOLs, Sirus jets boast an exceptional range of 1150 miles and an impressive speed of 323 mph.

After MEHAIR, Sirus has secured a new order from PARQ Development creator of innovative and futuristic real estate projects in Bali that attract people from all over the world to the island. Under the new deal, PARQ Development will receive five Sirius Millennium Jets and five Sirius Business Jets poised to revolutionize sustainable travel in Bali and the nearby islands. Additionally, Sirius Aviation AG will establish five vertiports and five hydrogen generators, facilitating VTOL operations, enhancing accessibility, stimulating eco-friendly tourism, and economic growth in Indonesia. The jets will further PARQ Development's long-term commitment to sustainability in the region. This includes the development of tourist routes and infrastructure, not just in Bali, but on the numerous surrounding islands, enhancing the region's economy and introducing brand-new destinations. 

"Uniting with Sirius Aviation AG, we're crafting a new era for Bali tourism—zero carbon footprints in the sky and unforgettable journeys on the ground. Together, we're flying towards a cleaner, greener tomorrow," said Andre Frey, the Founder of PARQ Development.

In a revolutionary step towards eco-friendly aviation and innovative sales strategies, Sirius Aviation AG, alongside Swiss banks, introduces a pioneering leasing scheme to PARQ. Under this arrangement, the aircrafts equipped with crew, maintenance, and insurance will be leased to PARQ for $65K monthly over five years, with PARQ targeting $180K in monthly route earnings. This groundbreaking initiative sets a new standard in the tourism industry and paves the way for future collaborations.

This new partnership underscores the shared commitment of both companies to eco-friendly aviation solutions, integrating cutting-edge hydrogen-electric technology with customized route planning and comprehensive support services.

(RAN)

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