Elfly signs US$50 million deal with VET Airways

Elfly Group, the Norwegian developer of the all-electric NOEMI (No Emissions Electric Seaplane), has signed a memorandum of understanding (MoU) with Cambodia's VET Airways for the sale of five aircraft, valued at US$50 million. The agreement underlines a shared ambition to bring clean, versatile air transport to Southeast Asia, enabling access to both airports and remote coastal areas with minimal environmental impact.

This latest deal brings Elfly's total number of soft orders to 52 NOEMI aircraft, with a combined estimated value of US$550 million. According to the company, global interest in its revolutionary seaplane concept continues to grow rapidly. Further expressions of interest represent an additional potential value of US$3,000 million, highlighting the appetite for sustainable aviation solutions across diverse markets. To date, Elfly has received MoUs from customers in Denmark, Greece, Indonesia, Panama, and now Cambodia, reflecting the aircraft's broad appeal and practical utility in regions with challenging terrain or extensive coastlines.

The NOEMI is designed as an amphibious aircraft, capable of taking off and landing on both water and conventional runways. This makes it particularly well suited for island nations and regions with underdeveloped infrastructure. The first flight of Elfly's full-scale prototype is scheduled for 2027, with entry into service targeted for 2030.