Today, fuel accounts for 30 to 50% of an airline's operating costs. Moreover, emissions created by aviation represent nearly 5% of global human-created CO2. Electric aviation will significantly reduce operating costs for airlines by replacing fuel with electricity, which is much lower cost, and eliminates airlines’ carbon emissions.
“When initially working on this technology, we knew we would be creating incredibly powerful electric propulsion capabilities that aerospace engineers and aircraft designers could use to foster a culture of lower cost, cleaner and sustainable transport solutions,” said David Sercombe, chief design engineer for magniX. “From design to prototype, dyno test cell success to now turning an aircraft propeller, we are one step closer to powering the future of electric aviation.”
magniX projects commercial flights up to 1000 miles will be conducted via electric aircraft by 2024 and up to 500 miles as early as 2022. In addition to significant cost savings at the operational level, electric will enable the creation of new ‘middle mile’ services and business models for both consumer travel and package deliveries in the 100- to 1000-mile range.
Roei Ganzarski, CEO of magniX, said: “At magniX, it is the enhanced connecting of communities that we focus on because that is what will push us as an industry to transform aviation into its ultimate form – zero reliance on fossil fuel and zero emissions. With this milestone we bring the industry one step closer to fulfilling that vision.”
In the next 12 months, magniX will focus on advancing its propulsion solutions, including the release of its 750hp propulsion system debuting on a Cessna 208 Caravan by the Autumn of 2019.