MONTE and Dovetail Sign Partnership for Electric Aircraft Conversions

MONTE is delighted to announce that it has signed a formal partnership with Dovetail Electric Aviation (‘Dovetail’) to deliver zero-emission conversions to the regional turboprop market. 

Under the agreement, MONTE will purchase up to 50 powertrains to enable battery-electric conversions on new and existing Cessna Caravan aircraft, and hydrogen-electric conversions on new and existing Beechcraft King Air aircraft.  Dovetail is targeting certification of the battery-electric powered aircraft by 2025.

As part of the deal, MONTE will become Dovetail’s preferred financing provider for aircraft conversions, and Dovetail will become MONTE’s exclusive powertrain provider for battery-electric Cessna Caravans and for hydrogen-electric Beechcraft King Airs. 

Timothy Eyre, Investment Director at MONTE, said: “We are excited to announce the next step in our partnership with Dovetail, with whom we have been working for many months.  Our agreement with Dovetail further strengthens our position as the lessor of choice for financing zero-emission powertrains.  We look forward to continuing to work with the Dovetail team towards delivering zero-emission conversions to the regional turboprop market.”

About MONTE

MONTE is a pioneer in financing zero-emission technologies in the regional aviation market. MONTE is exclusively focused on supporting the aviation industry’s transition to net zero carbon emissions by providing financing and leasing solutions for zero ­emission technologies to regional aircraft operators. MONTE has a goal of becoming the first carbon neutral aircraft leasing company in the world by 2027.

About Dovetail

Dovetail was formed in 2021 by Sydney Aviation Holdings, owner of Sydney Seaplanes and Dante Aeronautical, a start-up pioneering disruptive electric aviation concepts with a presence both in Spain and Australia.