logo
US company behind Ireland's first fully electric plane flight says Shannon crucial for future operations

US company behind Ireland's first fully electric plane flight says Shannon crucial for future operations

Irish Times26-05-2025
Shannon Airport
is believed to have made aviation history as the location for the first commercial electric plane flight manned by pilot in Ireland.
US company
Beta Technologies
debuted its electric Alia CTOL plane with a conventional take-off and landing at Shannon.
It marks the first of a series of planned stops Beta's CTOL aircraft, which was shipped to Ireland, will make across Europe; culminating in its final delivery to a customer in Norway.
The Vermont-based company said its arrival in Ireland 'marks a major step toward Beta bringing its low-cost technology to the European market'. It is setting up a hub in Shannon with the help of Future Mobility Campus Ireland based at the airport.
READ MORE
Optimised for payload and range for regional and intracity flights of up to 500km, Beta's aircraft is capable of transporting up to five passengers or half a tonne of cargo and is cheaper to operate than conventionally-powered aircraft. The company is rolling out a network of charging infrastructure using an industry standard compatible with other air taxi manufacturers and ground vehicles.
'This is more than just an arrival, it's a springboard to bring the future of aviation to Europe,' said Kyle Clark, founder and chief executive of Beta Technologies after the successful flight on Friday.
'AAM [advanced air mobility], and our aircraft specifically, is practically purpose-built for the distributed geography and weather conditions of Ireland and the rest of Europe. With its spirit of innovation and growing leadership in future transportation solutions, we see Ireland as a strategic partner and gateway to the broader European aviation market.'
FMCI chief executive Russell Vickers said: 'Partnering with Beta on these historic flights is a milestone moment ... It epitomises our mission to support the future of air mobility. FMCI serves not just as a launch pad for Irish innovation, but as a landing pad for global pioneers.'
When companies like BETA come to Ireland, they help accelerate innovation at home, bringing new skills, technologies, and opportunities to our aviation ecosystem, he added. 'These flights demonstrate real-world innovation, with Ireland acting as a proving ground for what comes next.'
He told Clare FM he expected a vertical take-off option – 'flying like a helicopter' – would soon come on stream with the possibility, for instance, of an 'air taxi' option from Shannon to Adare Manor when it stages the Ryder Cup in 2027.
Beta and the Alia CTOL aircraft represent the spirit of innovation and fast-paced product development happening in aviation, said
Irish Aviation Authority
(IAA) chief executive Declan Fitzpatrick.
'This challenges regulators to keep up, but I am happy to state Europe and specifically Ireland has the necessary safety regulations and certification framework and skills in place to test and bring hybrid and electric aircraft to the market,' he said.
The IAA issued a special category certificate of airworthiness for the flight as the
aircraft
continues to be in test phase.
FMCI intends to install several Beta 'charge cubes' to power its aircraft in 2026, while the US company continues manufacturing and certifying a vertical take-off and landing aircraft.
The company has orders for its CTOL plane from global operator customers including UPS, Air New Zealand, United Therapeutics, the helicopter company
Bristow Norway
and the US department of defence.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Lee Hotels group pays out €6m in dividends over two years
Lee Hotels group pays out €6m in dividends over two years

Irish Times

time19 minutes ago

  • Irish Times

Lee Hotels group pays out €6m in dividends over two years

The family owned Lee Hotels group which operates the Mespil Hotel in Dublin 4 and the Sligo Park Hotel has paid out combined equity dividends of €6 million over the past two years. Consolidated accounts filed by Lee Hotels show that pretax profits declined by 13 per cent to €5.19 million in the 12 months to the end of September 2024. This followed revenues remaining flat at €24 million where the group's Mespil Hotel contributed €14.43 million and the Sligo Park Hotel generated €9.59 million. The four star Sligo Park Hotel in Sligo town operates 136 bedrooms while the four star Mespil Hotel has 259 rooms. READ MORE In January 2024, Dublin City Council granted planning permission to the Mespil Hotel for an additional 47 rooms to bring the total number to 306 and included a proposal to extend the existing bar area into the terrace area on Burlington Road. However, planning consultants for the hotel firm, BMA Planning told the council in a follow up application last December that 'for operational and commercial reasons, the applicant now wishes to proceed with the bar extension in isolation from the remainder of the permitted works' and planning permission was granted in March of this year for the bar extension. The hotel group is controlled by the Kidney family and last year Lee Hotels paid out €2 million in dividends and this followed a dividend payout of €4 million in the prior year. Grace , Denis , Susanne and John Kidney each own 20 per cent of the business with Robert Lee Kidney, Deirdre Kidney and Laoise Sareen sharing the final 20 per cent of the business. The directors' note with the accounts said that trading for the year was satisfactory. The group recorded a post tax profit of €4.47 million after incurring a corporation tax charge of €712,069. Numbers employed increased by one to 248 as staff costs increased marginally from €8.41 million to €8.46 million. Directors' pay decreased from €1.02 million to €816,663.

N26 co-founder leaves joint CEO role at Revolut-rival after investor tensions
N26 co-founder leaves joint CEO role at Revolut-rival after investor tensions

Irish Times

time19 minutes ago

  • Irish Times

N26 co-founder leaves joint CEO role at Revolut-rival after investor tensions

N26 co-founder Valentin Stalf is leaving his role as chief executive of the Revolut rival and will join the group's supervisory board, following tensions between investors and the entrepreneurs who started the business. The shake-up comes after the German financial watchdog BaFin identified concerns at the company, which is reported to have more than 200,000 customers in Ireland, threatening to hit the bank with fresh sanctions last month – a move that sparked renewed tension between the co-founders and N26's investors. It comes ahead of a possible deal between N26's co-founders and investors in the company, which has faced several regulatory challenges. The deal would involve Stalf and his co-founder Max Tayenthal, who together own about 20 per cent of the company, waiving special voting rights that give them veto power over certain decisions in exchange for investors taking a haircut on their returns. READ MORE N26 was valued at €7.7 billion in a 2021 fundraising round, in a deal that gave investors a guaranteed 25 per cent annualised rate of return from when they invested. Stalf and Tayenthal have been in discussions with N26's backers about a deal that would lead to them stepping down from their executive roles. Tayenthal, who is co-CEO alongside Stalf and leads N26's bank entity, will remain in those positions, the company said in a statement. But one person familiar with the discussions told the Financial Times that Tayenthal was likely to step down from his operational role at a later stage. N26 chair Marcus Mosen was being lined up to be appointed as interim co-CEO soon, the Financial Times had previously reported. Mosen declined to comment. N26 said Tayenthal 'remains fully committed to his role'. Tayenthal did not immediately respond to a request for comment. Stalf told the FT he expected two more executives to join the management board 'over the coming six to 12 months' but declined to comment further on potential future management changes, including the potential moves by Tayenthal and Mosen. Under Germany's two-tier board system, the management board runs a company's day-to-day operations. The supervisory board can appoint and fire top executives and is responsible for CEO pay and overseeing the strategic direction of a company. The deal being discussed between the co-founders and investors would see Stalf and Tayenthal given two supervisory board nominations, and they could opt to nominate themselves, subject to approval by regulators, according to people familiar with the discussions. However, the current members of the supervisory board had opposed their direct appointment, arguing that allowing a sitting chief executive to join without a cooling-off period risked undermining the board's independence and its ability to act as a check on the management board. Stalf said he had been contemplating his exit the company's management 'for some time', adding that he would join the supervisory board after a transition period of about six months. His new role would be 'very different' from his operational duties as chief executive, he added. Stalf said he had expedited his move after media reports about his potential departure last week. He said that he would also spend more time expanding his family office, which he has been 'building up over the past years'. Copyright The Financial Times Limited 2025

Áras race picks up speed as Humphreys and Kelly join Fine Gael field
Áras race picks up speed as Humphreys and Kelly join Fine Gael field

Irish Times

time2 hours ago

  • Irish Times

Áras race picks up speed as Humphreys and Kelly join Fine Gael field

Forty-eight hours before Mairead McGuinness had dropped out of the presidential race last week, a beaming Heather Humphreys was milling around the sun-drenched Ballinamore Agricultural Show in Co Leitrim. The apparently retired politician was blissfully unaware that she was doing the groundwork for a campaign she didn't yet know she'd be running in. Such is the charmed fortune of Humphreys, for whom the stars have aligned to suddenly make her the clear favourite for the Fine Gael nomination for the presidential election. Not even a week after it lost its front-runner candidate, Fine Gael now has two heavy hitters vying for the nomination. READ MORE Within an hour of each other on Tuesday morning, Humphreys and Ireland South MEP Seán Kelly had both thrown their hats into the ring. Choosing to announce her intention to run on Northern Sound, the local radio station in her native Cavan-Monaghan constituency, Humphreys appeared to have used her weekend well. She presented a distilled vision for her campaign, citing her role shepherding the Government through the successful 1916 commemorations; her time as minister for business, enterprise and innovation during Brexit; and her experience as social protection minister during the pandemic. The theme of her campaign will be community, she said, drawing on her background as a manager of a credit union and the valuable time she spent travelling around the country as communities minister. Senior Fine Gael figures tend to become quite rhapsodical when they think of how many plaques across the country have her name on them. Humphreys also made a pointed reference to the concerning rise in racist attacks in Ireland. Humphreys and Kelly are now trying to enter a race that they both comprehensively ruled themselves out of. For Humphreys, she is presenting her decision not to contest as a gesture of loyalty to her friend McGuinness, who she didn't wish to run against. And many in Fine Gael are already presenting the former minister's eight months out of politics as a restorative break. Minister for Culture Patrick O'Donovan waxed lyrical on national radio on Tuesday about how the green-fingered Humphreys had used her time off to grow 'the finest spuds and onions and turnips and parsnips anywhere you'll get 'em'. Kelly used his announcement on Tuesday to row back on his claim in July that the presidency was a 'ceremonial' role, saying now that there was 'huge potential in the job, it is the highest honour in Ireland'. Kelly will draw heavily on his experience as GAA president and the deep grassroots support he enjoys in Munster in his bid for a nomination, though it will be clear to the seasoned campaigner that at this point he is the David to Humphreys's Goliath. The MEP will now face an uphill battle over the next two weeks to win the support of the 20 TDs and Senators that he requires for his nomination, given many Fine Gael parliamentarians have backed Humphreys. Like Humphreys, he will also require the support of 25 Fine Gael councillors and five members of the Executive Council. The message from Team Kelly is that it will be the party's duty to allow or maybe even facilitate a contest between the two aspirant presidential candidates. Speaking on Morning Ireland, Kelly made the pointed remark that Fine Gael has not enjoyed a contest 'for a long time now' – including when Simon Harris became the uncontested leader last year. There are still fresh bruises in Kelly's native Kerry about what many saw as the cack-handed way that party HQ managed the last general election, resulting in Fine Gael not winning a seat in Kerry at all. Any perception that the Munster man has been blocked by those in Leinster House will not go down well. More senior Fine Gael figures are already understood to be preparing to declare for Humphreys. If that happens with enough pace and traction over the next few days, the writing may be on the wall. But Kelly is fiercely competitive and bolstered by his own supporters. The Fine Gael campaign for the nomination to run for president has started in earnest.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store