China’s Xinhua news agency reports Thailand’s property developer and infrastructure investor, Pan Pacific Company Limited has signed a USD 1.75-billion “intent” deal to purchase 500 electric vertical takeoff and landing (eVTOL) aircraft from Shanghai Volant Aerotech Co., Ltd.
“The two sides, together with China National Aero-technology International Engineering Corporation (CAIEC), signed a tripartite cooperation agreement at the International Advanced Air Mobility Expo, which kicked off on Wednesday in Shanghai,” said the news report. “CAIEC will provide low-altitude infrastructure support for this collaboration effort.
“The 500 ordered eVTOLs are VE25-100 models, commercially branded as Skylar. Featuring a compound wing configuration, each aircraft has a six-passenger capacity with an operational range of 200 to 400 km and a cruising speed of 235 km/h, according to the developer. They are scheduled for delivery in batches after obtaining airworthiness certification from the Civil Aviation Administration of China — with phased deployment across the Maldives, Southeast Asian countries, such as Thailand, and Africa for low-altitude passenger transport, aerial tourism and emergency rescue operations.
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(Image: Volant)