Dovetail Electric Aviation Secures Major Investment From Rex For Electric Propulsion Technology
Dovetail Electric Aviation celebrates the announcement of Regional Express’s (Rex) 20% stake in the company, further cementing the strategic partnership between the two Australian aviation leaders.
This equity participation agreement comes on the heels of the successful completion of initial ground tests involving Dovetail’s small-scale Electric Propulsion System (EPS), marking a major milestone in the company’s mission to convert turbine-powered aircraft to electric, emission-free propulsion.
This partnership with Rex not only validates Dovetail’s innovative technology but also provides a strong foundation for the company’s continued growth and development. Rex’s appointment of one of its Board members to sit on the Board of Dovetail further solidifies the collaboration between the two companies.
Dovetail’s recent $3 million grant from the Federal Government’s Cooperative Research Centres Projects (CRC-P) program will be instrumental in facilitating the development of electric propulsion systems for aircraft used on regional routes operated by Rex and other regional airlines. With this grant, Dovetail is well-positioned to lead the charge in sustainable aviation, ensuring that regional air travel remains accessible and affordable for all.