LCI Aviation signs agreement with Elroy Air for 40 Chaparral VTOL aircraft

LCI has entered a committed order of up to 40 of Elroy Air’s Chaparral vertical take-off and landing (VTOL) aircraft.

The investment made by LCI in Elroy Air’s system underpins the company’s long-term commitment and trust toward sustainable growth and innovation.

Under the terms of the deposit-backed agreement, LCI will initially acquire 20 aircraft, with an option for another batch of 20 planes, which makes a total of 40 planes. The VTOL aircraft is currently under development at Elroy Air’s facility in South San Francisco, California.

More on Elroy’s agreement with LCI Aviation here.

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