LCI commits to up to 40 Chaparral aircraft and deposits on first 20
LCI agreed to acquire up to 40 Chaparral aircraft and paid deposits for the first 20, while enabling aircraft-financing access for operators.
Evidence notes
- Elroy Air said its aggregate aircraft demand exceeded $2 billion and 900 systems after the agreement.
- LCI planned to make Chaparral available through its aviation-financing platform.
- Elroy Air also moved flight-test operations to a 7,000-square-foot hangar at Byron Airport.
Company context
Elroy Air builds Chaparral, an autonomous hybrid-electric VTOL cargo aircraft for middle-mile logistics, military resupply, humanitarian aid and rapid-response missions.