International aircraft asset management company, Falko, a market leader in aircraft asset management, has invested in Electric Regional Aircraft (EAG).
Philip Barratt, assisted by Elizabeth Cotton from Capital Law’s Corporate & Commercial team, advised Falko on the deal.
As the only independent company in the world to solely focus on the development of a hybrid-electric regional aircraft, with Falko’s backing, EAG can progress its ambitions to lead the aviation sector towards a greener future.
The Falko team said,
We would like to thank the Capital Law team for their excellent support throughout this transaction. Phil and Elizabeth provided a very high level of service, supporting Falko at every stage and allowed the transaction to proceed smoothly to a successful conclusion for all parties with a minimum of fuss and a maximum of professionalism.
Philip Barratt added,
In what has been an incredibly difficult period for the aviation sector, we were delighted to work with Falko on this investment. Not only does it demonstrate that an investment in the sector can be ESG compliant but it highlights the importance of looking to the future as we come out of the pandemic-induced mist of the last 12-months. Technology that enables aircraft to be environmentally friendly will be critical to the industry and in EAG, Falko has invested in an exciting, innovative company that also fits neatly with Falko’s regional strategy.
We look forward to tracking EAG’s development of its hybrid-electric regional aircraft and working with Falko and EAG again in the future.
You can read more about the deal here.