MONTE Teams Up with Cycladic Regional Airline to Explore Retrofitting Zero-Emission Fleet

MONTE, an airline financier dedicated to low- and zero-emission aircraft, has partnered with Greek regional airline Cycladic to explore options for retrofitting its fleet with zero-emission propulsion technology. 

Operating its first flight in October 2022, Cycladic exclusively operates and connects Greek islands in the Aegean with a point-to-point network interconnecting Santorini, Mykonos, Crete, Rhodes and Paros with flight times ranging from 20 to 80 minutes. The carrier is owned by private jet and helicopter firm, IFly SA.

The fleet consists of three Cessna Grand Caravan 208 EX aircraft, with the third aircraft in this fleet also being available to hire for private or charter flights.

“We are delighted to work with the team at Cycladic as we continue on our journey towards zero-emission aviation!” MONTE said in a recent press statement.

The statement also went on to say that the financier will work with Cycladic to identify the most “suitable zero-emission propulsion technology for their operations and will then offer financing for the conversion of their fleet once this technology is approved and certified.”