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Sirius to lease ten hydrogen VTOL aircraft to PARQ for Bali operations

Sirius Aviation AG and PARQ Development Join Forces, Bringing 10 Hydrogen VTOL Jets to Bali

Sirius Aviation AG has signed a partnership with PARQ Development, to provide ten hydrogen-powered vertical takeoff and landing (VTOL) jets along with tailored support services to Bali, Indonesia. The agreement is estimated to be worth USD50 million.

Under the new deal, PARQ Development will receive five Sirius Millennium Jets and five Sirius Business Jets for operations 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.

PARQ will develop tourist routes and infrastructure, not just in Bali, but on the numerous surrounding islands, enhancing the region’s economy and introducing brand new destinations.

Sirius Aviation AG, alongside Swiss banks is introducing a leasing scheme to PARQ; the aircraft equipped with crew, maintenance, and insurance will be leased to PARQ for USD65K monthly over five years, with PARQ targeting USD180K in monthly route earnings.

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(Image: Sirius Aviation AG and PARQ Development are bringing 10 hydrogen VTOL Jets to Bali (PRNewsfoto/Sirius Aviation AG)

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