Farnborough, IK. 26 July 2024. Mallard Enterprises signed a Memorandum of Understanding with AeroNovum Aviation Limited, London, United Kingdom to establish a framework under which the Parties can collaborate on the development, growth, support and sustainment of a robust global amphibious seaplane industry and ecosystem.
US based Mallard Enterprises is developing the ME-1A, a multi-role composite hull amphibious aircraft for operators who are looking for the world’s most versatile Runway Independent Aircraft. The ME-1A is a regional amphibious airplane, which can land and take-off from land or water, with a standard seating capacity of 19 passengers offering low emissions, low noise pollution, faster speed, and lower operating costs on short haul routes. It will have a range of 350 nautical miles (648 kilometres) with 19 passengers and luggage and an extended range of 1050 nautical miles (1945 kilometres) with 6 passengers all including typical airline fuel reserves.
AerNovum Aviation Limited is an aircraft finance specialist headquartered in London, UK, helping Mallard Enterprises customers’ dreams take off by offering different tailor- made financing solutions such as operating leases and finance leases. AerNovum Aviation Limited operates on niche assets such as training aircraft, sub regional aircraft, helicopters, business jets, special mission (survey, medevac), flight simulators and other aviation equipment. Mallard Enterprises’ cooperative financing program is designed to offer great flexibility, including different price ranges and financing tenures to Mallard Enterprises’ Customers.
“This new collaboration is a Win, Win, Win,” said Dan Peabody, Co-Founder and Chief Executive Officer at Mallard Enterprises. “Operators get better leasing terms and an increased transaction transparency, a solid seller-finance solution complementing our aircraft sales will increase the number of ME-1As sold, and the increased number of leased amphibious aircraft in operation with successful operators will increase the return on capital invested.”
“Partnering with AerNovum allows Mallard Enterprises to provide greater access to capital for our customers and provide impetus for the growth of a robust global amphibious seaplane financial and leasing environment”, said Mohan Chunduri, Co-Founder and Chief Operating Officer at Mallard Enterprises.
“We have full confidence in the excellence of the aircraft produced by Mallard Enterprises. Collaborating with them will allow us to experience firsthand the efficiency of their operations and the dedication of their team.
This partnership brings real innovation — a leasing solution — to the seaplanes market.
The field of aircraft leasing is known for its high level of specialization, and in many instances, a viable solution is simply not accessible, especially within the seaplanes sector.
The collaboration between Mallard and AerNovum has been established and is currently being implemented to provide customers with the key to expanding their fleets. It is a turnkey solution.” states Aldo Giovanitti, Founder of AerNovum.
