Thousands of Electric Aircraft Ready for Riyadh Expo 2030

FlyNow Aviation’s eCopter (Asharq Al-Awsat)
FlyNow Aviation’s eCopter (Asharq Al-Awsat)
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Thousands of Electric Aircraft Ready for Riyadh Expo 2030

FlyNow Aviation’s eCopter (Asharq Al-Awsat)
FlyNow Aviation’s eCopter (Asharq Al-Awsat)

FlyNow Aviation, an urban air mobility startup from Austria, is gearing up to provide thousands of electric helicopters to enhance mobility and sustainability during the Riyadh Expo 2030.
Yvonne Winter, Chief Operating Officer of FlyNow Aviation, revealed these plans to Asharq Al-Awsat on the sidelines of the 2024 Global Forum on Electric Vehicles and Mobility Technology held last week in Riyadh.
Winter mentioned that the company is set to establish a regional headquarters in Saudi Arabia within one to two months, alongside setting up an assembly line for local production and export to global markets from within the Kingdom.
FlyNow Aviation specializes in manufacturing, operating, and developing efficient, automated electric cargo drones and taxis, leveraging cutting-edge technology to ensure reduced manufacturing and operational costs.
Winter revealed that her company developed a family of electric aircraft known as “eCopter,” consisting of two types: a single-seat version and a dual-seat version capable of carrying passengers or cargo, with a payload capacity of up to 200 kilograms.
The aircraft include a fully battery-powered version currently capable of a 50-kilometer range for safety reasons. In the future, there will also be a hydrogen-powered version and a hybrid version combining both technologies, with the hybrid version offering a range of up to 200 kilometers and a flying speed of up to 130 kilometers per hour.
Winter described the eCopter as “extremely quiet.”
She emphasized the company’s focus on introducing a system to significantly improve ground conditions, especially in tackling traffic congestion.
Winter noted that while her company is finalizing the system, their initial rollout will prioritize cargo to minimize risks.
FlyNow Aviation seeks collaboration from various stakeholders—corporations, regulators, and government bodies—to shape laws, regulations, digital infrastructure, airport facilities, insurance systems, weather checks, and more.
The company plans to continue air freight operations for goods for the next two years, transitioning to passenger transport after completing hundreds of flights to enhance flying comfort and ease concerns.
She expects swift implementation, underscoring the importance of low-altitude economics, typically involving activities focused on civil aviation vehicles.
Moreover, Winter highlighted that the automotive industry of the past century will transform into urban air mobility in the future.
Saudi Arabia is poised to lead these transformations and the new economy in line with Vision 2030, she noted.
Saudi Arabia’s successful bid to host Expo 2030 in Riyadh will serve as a platform to showcase cutting-edge innovations, technologies, and contributions addressing global challenges across various sectors.
The event anticipates welcoming 40 million visitors globally, with a budget of approximately $7.8 billion.



Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
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Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo

Türkiye has received an exemption for gas payments to Russia after the United States imposed sanctions on Gazprombank, Turkish Energy Minister Alparslan Bayraktar revealed in response to a question from Reuters.

The US imposed new sanctions on Russia's Gazprombank in November, creating an obstacle for buyers of Russian gas, which had been using the bank to make payments. They have since been seeking clarification and exploring other ways to pay.

Türkiye imports almost all its gas requirement and Russia is the top supplier, providing more than 50% of the country's pipeline imports.

Ankara's pipeline gas imports from Russia stood at 21.1 bcm last year.

Türkiye had requested an exemption in discussions with US officials so that it can continue paying for Russian natural gas imports via Gazprombank.

The US on Thursday also granted a waiver to Hungary, which mainly relies on Russian oil and gas.