This is the main conclusion in a new report by the Nordic Network for Electric Aviation (NEA).
The business models are built on three different generic business strategies and look at factors such as competitive advantages and associated risks. Legal, technological, and social aspects of electric aviation are also taken into account.
NEA 1.0: Developing a new industry
The report is called Business Models for Nordic Electric Aviation and it looks into the results from the first phase of the Nordic Network for Electric Aviation project (NEA 1.0). The project ran from 2019 – 2022 and one of the main goals has been to develop business models for regional point-to-point connectivity between the Nordic countries. It is the first report out of four to be published under NEA 1.0.
The report investigates how the transition from today’s conventional aviation activities to the future’s electric operations will affect the industry, communities, passengers, and air transport markets. The report also maps out 20 potential routes which are attainable for electric aircrafts in the near future.
“Viable business models are absolutely key for long-term change and transformation to happen. We could regard NEA and the development of electrical aviation in our region as a development of a new industry, and the positive impact could be enormous for Nordic companies, Nordic travellers, and our societies.”Nina Egeli, Head of Program at Nordic Innovation.
Accelerating the development of electric aviation in the Nordic countries
The Nordic Network for Electric Aviation is a collaboration between Nordic actors from the aviation industry and ecosystem with the aim to facilitate collaboration within infrastructure, industry, and business modelling to speed up the development of electric aviation in the Nordics.
The mission of the project is to standardize electric air infrastructure, develop business models for regional point-to-point connectivity, develop aircraft technology for Nordic weather conditions as well as to create a platform for European and global collaboration.
NEA 2.0: An important step towards vision 2030
The second phase of the NEA project will be launched in the beginning of 2023. NEA 2.0 will build on the experiences from the first phase and bring the focus from accelerating to making electric aviation a reality in the Nordics.
“Cross-border collaboration on mobility and transport is essential if we are to succeed in making the Nordic region the most sustainable and integrated region in the world by the end of the decade. With the topography and long distances that characterize huge parts of our region, sustainable transportation by air is needed.”Nina Egeli, Head of Program at Nordic Innovation.
The Nordic Network for Electric Aviation was first launched under the Nordic Smart Mobility and Connectivity program (2018-2021) and is continued under the Nordic Green Mobility program (2021-2024) which is one of eight initiatives launched by the five Nordic ministers of trade and industry. The aim of the program is to make the Nordic region leading in green mobility.