Toulouse, France, 21 November 2023 — Ascendance, manufacturer of hybrid-electric vertical takeoff and landing (eVTOL) airplanes and solutions to decarbonize flying, has teamed with Amedeo (Amedeo Capital Limited), a privately owned global leading Aircraft Lessor and Asset Manager, to accelerate the development of more sustainable, low-carbon air transport alternatives worldwide.
As its preferred financier, Amedeo will support Ascendance in the expansion of its network of partner airlines around the globe, notably by growing its sales force through a Marketing Services Agreement. By providing leasing solutions for operators, Amedeo will be able to offer its investors sustainable alternative opportunities.
“We are delighted to expand our partnership with Ascendance, whose focus on hybrid propulsion and development of a low-noise helicopter alternative aligns with our aspirational yet pragmatic vision for sustainable aviation. This partnership provides our institutional investors with an avenue to invest in our aviation focused ESG initiatives, while leveraging Amedeo’s technical experience and extensive network in aviation finance to fuel Acendance’s growth and accelerate their entry into market,” commented Mark Lapidus, Amedeo’s Chief Executive Officer.
“We are very excited to start this collaboration with Amedeo, a leading and visionary aircraft lessor. We are accelerating our commercial actions and preparing the market to deploy ATEA, our eVTOL 2.0 (powered by our own STERNA hybrid-electric system) and Amedeo will be an invaluable support in this effort through their extensive experience and marketing expertise. Amedeo and Ascendance share a common vision about the hybrid-electric technology being the future of more sustainable aviation and we are very happy to spearhead this new market together,” added Thibault Baldivia, cofounder, and Chief Customer Officer of Ascendance.
Founded in 2018 by Jean-Christophe Lambert, Thibault Baldivia, Clément Dinel and Benoît Ferran, Ascendance is a startup whose goal is to decarbonize aviation. Based in the heart of Toulouse, the European capital of aerospace, Ascendance is currently developing two products: STERNA, an innovative hybrid electric propulsion system, and ATEA, an eVTOL aircraft (vertical take-off and landing) powered by STERNA. https://www.ascendance-ft.com/
Amedeo is a privately owned global leading Aircraft Lessor and Asset Manager and principal investor in aviation based in Dublin, London, and Greenwich, Connecticut. The team has over 140 years of combined experience managing an extensive portfolio of aircraft on behalf of various investors. Amedeo has financed a wide spectrum of aircraft types with long-term relationships with OEMs, airlines, and financiers. In addition to the services it provides to Private Equity and other Institutional Investors, Amedeo is the asset manager of two London Stock Exchange traded funds and is an FCA Regulated entity in the United Kingdom.