Loganair Orders 5 BETA ALIA Electric Aircraft, Options for 5 More
BETA sits 32% above its 52-week low of $13.43.
Summary
Loganair, the UK's largest regional airline, signed a term sheet to purchase five all-electric ALIA CTOL aircraft from BETA Technologies, with options for five more. The deal follows successful flight demonstrations in March across Loganair's Scottish network, validating the aircraft's performance on short regional routes. Entry into service is expected in 2029, targeting passenger and cargo operations with lower operating costs and zero in-flight emissions. This is BETA's first commercial airline order for the ALIA CTOL, marking a tangible step toward revenue generation beyond its defense and cargo partnerships. The announcement comes hours after BETA unveiled the MV250 military VTOL at the same airshow, underscoring a broadening commercial pipeline. With a market cap near $4.1 billion and Q1 revenue of just $10.1 million, converting orders into deliveries remains critical to the investment thesis.
At the time of this announcement, BETA was trading at $17.75 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.1B. The 52-week trading range was $13.43 to $39.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.