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SPECIAL FEATURE<br />
Volant Aerotech<br />
Volant achieved significant success during the year by securing<br />
orders for over 200 aircraft, including an order from Asian<br />
Express Aviation, which signed an agreement to purchase 118<br />
VE25s in July. The company also obtained a credit line of USD<br />
$139 million from China Merchants Bank to support its business<br />
development. The VE25 utilizes a Lift + Cruise design, capable<br />
of carrying five passengers and one pilot, and can be used for<br />
passenger transportation, medical rescue, and cargo delivery<br />
missions. The company conducted the maiden flight of its VE25<br />
X1 demonstrator in January <strong>2023</strong>, although this first flight<br />
was tethered. Over the year, the company carried out multiple<br />
verification test flights of the demonstrator.<br />
<strong>YE</strong> <strong>2023</strong> ASIA-PACIFIC CIVIL HELICOPTER FLEET REPORT | 45
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