Gol and Grupo Comporte order 250 zero-emission VA-X4 aircraft from Avolon

DUBLIN – (COMMERCIAL THREAD) – Avolon, the international aircraft rental company, announces a partnership with Gol, Brazil’s largest airline, and Grupo Comporte, Brazil’s leading transport operator, to market an eVTOL carpooling platform in Brazil.

Avolon, Gol and Grupo Comporte will collaborate to identify and target local partners, infrastructure and certification requirements across a range of business models, launching one of the world’s premier eVTOL ridesharing companies. As part of the agreement, Gol and Grupo Comporte have committed to purchase or lease up to 250 VA-X4 eVTOL aircraft.

The VA-X4, manufactured by Vertical Aerospace, will be the most advanced and safest eVTOL on the market when it is introduced in 2024. Avolon is a launch customer for the aircraft that can carry four passengers and a pilot on distances from 100 miles up to 200 miles per hour. EVTOLs are at the heart of the future of transportation. They introduce the ultra-short-haul aircraft category into commercial aviation and will revolutionize air travel with zero-emission VA-X4 aircraft.

The announcement means Avolon already has commitments for more than half of its order for 500 VA-X4 aircraft announced in June 2021.

Dómhnal Slattery, CEO of Avolon, commented: “Today’s announcement represents an important step in building an eVTOL carpooling platform that will reshape the commercial aviation market in Brazil. The deployment opportunities for the VA-X4 are enormous. Gol and Grupo Comporte both offer large and diverse networks, as well as a proven track record of scaling multiple businesses, making them the ideal partner. strategic partners for Avolon. Their unprecedented market access, coupled with our in-depth knowledge and relationships in the Brazilian aviation market, places us in a good position to capitalize on the expected demand for ultra-short-haul, zero-emission VA-X4 transport.

This latest agreement underscores Avolon’s ability to accelerate the commercialization of the VA-X4 globally. In less than three months since becoming an aircraft launch partner, we have already placed more than half of our initial aircraft order, demonstrating the significant appetite we are seeing from global airlines for the VA-X4.

Stephen Fitzpatrick, CEO of Vertical commented: “The VA-X4 is ideal for a city like Sao Paulo with a population of over 22 million. Our eVTOLs will transform the way we travel in densely populated and congested cities by flying with zero emission planes. We look forward to working with our existing partners Avolon and our new partners Gol and Grupo Comporte, to bring this air travel revolution to Brazil.

ENDS

About Avolon

Based in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft rental and rental management services. Avolon is 70% owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a public company listed on the Shenzhen Stock Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation which is listed on the Tokyo and New York stock exchanges (TSE: 8591; NYSE: IX). Avolon is the third largest aircraft leasing company in the world with a owned, managed and committed fleet, as of June 30, 2021, of 837 aircraft.

Website: www.avolon.aero

Twitter: @avolon_aero

About Gol

GOL is Brazil’s largest airline, a leader in the business and leisure segments. Since its creation in 2001, it has been the airline with the lowest unit cost in Latin America, which has enabled the democratization of air transport. The Company has entered into a strategic alliance with Air France-KLM, in addition to providing Customers with numerous codeshare and interline agreements, providing greater convenience and ease of connections to any location served by these partnerships. . With the goal of “being the first for everyone”, GOL offers the best travel experience for its passengers, including: largest inventory of seats and the most legroom; the most complete platform with internet, movies and live TV; and the best SMILES loyalty program. In the transport of goods, GOLLOG delivers packages to different regions of Brazil and abroad. The company has a team of 15,000 highly skilled aviation professionals focused on safety, GOL’s number one value, and operates a standardized fleet of 127 Boeing 737s. GOL’s shares are traded on the NYSE (GOL) and B3 (GOLL4). For more information, visit www.voegol.com.br/ir.

About vertical aerospace

Vertical Aerospace is a pioneer in electric aviation. The company was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur best known as the founder of the Ovo Group, a leading energy group and Europe’s largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced and experienced team in the eVTOL industry, with over 1,200 years of combined experience, and has certified and supported loads more than 30 civil and military aircraft and different propulsion systems.

Vertical’s unrivaled ecosystem of leading partners is expected to reduce the risks associated with operational execution and its path to certification, enable a lean cost structure and enable large-scale production. Vertical has received conditional pre-orders for a total of up to 1,000 aircraft from American Airlines and Avolon, including a pre-order option from Virgin Atlantic, and in doing so creates multiple potential short-term and actionable routes to the market. With speeds of up to 200 mph, a range of over 100 miles, nearly silent in flight, no operating emissions and a low cost per passenger-mile, the VA-X4 should open up advanced air mobility to a whole new range of passengers and transforming the way we travel.

About the VA-X4 eVTOL aircraft

The VA-X4 is a zero-emission piloted vertical take-off and landing (eVTOL) electric vehicle. The VA-X4 will be capable of traveling at over 200 mph, with a range of over 100 miles and a capacity for 4 passengers and a pilot. The aircraft takes off vertically, allowing it to operate inside and outside cities and other confined spaces. The VA-X4 is 100 times quieter and safer than a helicopter and is certified to the highest global standards, opening access to the global market.

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