Rose Cay Partners with ZeroAvia to Fund Hydrogen-Electric Powered Zero-Emission Aircraft

ZeroAvia, announced an Aircraft and Infrastructure financing collaboration with Rose Cay GP, LLP, a US-based real asset special situations investment platform.

November 10, 2021. By News Bureau

ZeroAvia, a leader in zero-emission passenger aircraft, today announced an Aircraft and Infrastructure financing collaboration with Rose Cay GP, LLP, a US-based real asset special situations investment platform.

"Rose Cay is committed to the Energy Transition and development of a sustainable, zero-emission airline industry. Rose Cay is uniquely poised to leverage both our experience in infrastructure investments as well as aircraft financing to enable ZeroAvia to deliver its hydrogen-electric technology. By converting existing aircraft, we can minimize lifecycle environmental impacts, while concurrently accelerating zero-emission hydrogen aircraft entry into service," said Alex J. Parker, Managing Partner at Rose Cay. "We are delighted to work with ZeroAvia for the long term, as a leader in the development of zero-emission aircraft."

Rose Cay and ZeroAvia plan to bring to market zero-emission aircraft to operators worldwide.

Rose Cay would provide the capital to fund aircraft acquisition, ZeroAvia hydrogen-electric powertrain systems, and conversion costs for lease customers.

Together with ZeroAvia, Rose Cay also intends to develop airport infrastructure projects, with committed offtake agreements, to ensure hydrogen availability.

"Working with Rose Cay will help us deliver zero-emission aircraft to market in the shortest time frame. By acquiring, converting and leasing, stored available aircraft we can ensure operators can take advantage of our zero-emission powertrain technology without having to wait for new aircraft to be built. In addition, having Rose Cay supporting infrastructure projects ensures we can deliver a robust in-service support network," said Val Miftakhov, CEO and founder of ZeroAvia.

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