Aircraft lessor Avolon eyes growth through electric plane taxi orders

Avolon CEO and founder Dómhnal Slattery: Demand for electric vertical take-off and landing craft exceeds supply.

Irish-founded aeroplane-leasing firm Avolon has said it could order more flying taxis after finding prospective users for all 500 craft in a $2bn (€1.8) purchase from UK startup Vertical Aerospace.

Demand for electric vertical take-off and landing craft exceeds supply, making the rapidly emerging sector a good place to be, said Avolon CEO Dómhnal Slattery.