EasyJet 'could be flying electric planes within a decade'

EasyJet 'could be flying electric planes within a decade'”

The UK carrier has formed a partnership with USA firm Wright Electric, which is developing a battery-propelled aircraft for flights under two hours.

United Kingdom budget carrier EasyJet is collaborating with US-based manufacturer Wright Electric with the ambition of bringing to market within the next decade an all-electric airliner with a range of 291nm (540km). "It is now more a matter of when, not if, a short-haul electric [aircraft] will fly".

While Wright Electric is trying to create this new technology, EasyJet will also have a productive role in the process, advising the U.S. company on what their planes will need in order to be commercially successful - including factors such as maintenance costs and revenue management.

Popular journeys including London to Paris, Brussels, Amsterdam, Cologne, Glasgow and Edinburgh could all be serviced by an electric jet under the bold new plans.

Carolyn McCall, easyJet's chief executive, said the aerospace industry would follow the lead of the automotive industry in developing electric engines that would cut emissions and noise.

Wright Electric has already produced a two-seat proof-of-concept version of the aircraft and believes the battery technology can be successfully scaled up without incurring a significant weight penalty. "You're seeing cities and countries starting to talk about banning diesel combustion engines".

Jeff Engler, founder of Wright Electric, said EasyJet's insights had helped develop the firm's ambition to "commercialise our aircraft for the large and growing short-haul flight markets". "This is genuinely exciting".

Electric planes could be a game changer for airlines, because fuel is one of their biggest costs.

Its first plane is designed for flights such as London to Paris, Seoul to Jeju and NY to Boston, and it wants to make all short-haul flights electric-powered within the next 20 years.

More specifically, Wright Electric claims that electric planes will be 50 percent more quiet and 10 percent cheaper than traditional airplanes, and the cost savings will potentially pass on to the passengers. But Wright and EasyJet are anticipating improvements in battery technology will make the batteries they need possible within ten years.

However, exact details about the battery-powered plane have not been revealed so far. It's about when it's going to happen, not whether it's going to happen, "McCall said".

Like this


27 September 2017
Up to 400000 Ryanair passengers hit by NEW cancellation chaos
It is one of 34 routes which will be grounded for the winter season, after the company said it would "slow its growth". All affected cuastomers have been contacted by Ryanair and offered a voucher in addition to a refund or rebooking.

27 September 2017
Huntington Bancshares Incorporated - HBAN - Stock Price Today
If you are accessing this report on another site, it was stolen and reposted in violation of worldwide copyright & trademark law. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .

27 September 2017
PagnatoKarp Partners LLC Purchases Shares of 83526 Bank of America Corp (BAC)
Several institutional investors have recently bought and sold shares of BAC. 120 funds opened positions while 577 raised stakes. Today, Deutsche Bank AG reiterated its Hold rating on Bank of America Corporation (NYSE:BAC) with a price target of $25.00.

27 September 2017
Principal Financial Group Inc. Cuts Holdings in Symantec Corporation (SYMC)
Symantec Corporation (NASDAQ: SYMC ) shares were trading lower by -0.51 percent ($-0.17) at $32.85 a piece in Monday's session. British Columbia Investment Management Corp lifted its stake in shares of Symantec Corporation by 6.1% in the 1st quarter.

27 September 2017
22nd Century Group Inc (XXII) Short Interest Up 20.5% in September
Following the transaction, the vice president now directly owns 917,220 shares in the company, valued at approximately $1,834,440. The company's shares were given away at $2 per share worth to an income of some $40,936 on account of Moynihan Michael Robert.

27 September 2017
Official says United States not seeking regime change in NKorea
In response North Korea said they had the right to "shoot down" U.S. planes - even if they were not in the country's airspace. Meanwhile, China on Tuesday warned that there would be no victor in a potential war on the Korean Peninsula.

27 September 2017
Hillary Clinton doubts Trump knows Puerto Ricans are Americans
Six days after Hurricane Maria hit, millions are struggling for basic necessities like adequate food, water, fuel and electricity. Velazquez also said she was "offended and insulted" by Trump's tweet that Puerto Rico's public debt contributed to the crisis.

27 September 2017
Chelsea boss Conte: Morata flawless for Premier League
It's always a hard game away at Stoke but you have to be ready for these kind of opponents in the Premier League. The Spanish striker has now scored six goals and created two assists in his first six Premier League games.

27 September 2017
Liberty Interactive Corporation (NASDAQ:QVCB) Experiences Heavier than Usual Trading Volume
The firm has "Hold" rating given on Monday, April 24 by TD Securities. (TSE:MRU) on Wednesday, April 19 with "Outperform" rating. The stock of Liberty Interactive QVC Group (NASDAQ:QVCA) has "Neutral" rating given on Tuesday, September 20 by Bank of America.

27 September 2017
Analyst's Predictions on Citigroup Inc. (C), Marathon Oil Corporation (MRO)
Buckingham Asset Management LLC bought a new stake in Marathon Oil Corporation in the second quarter worth approximately $173,000. It fall, as 53 investors sold MPC shares while 274 reduced holdings. 32 funds opened positions while 95 raised stakes.