Investors are backing Aviation H2’s patentable method for modifying aircraft so they operate on carbon-free fuel, which will see a plane in the sky midway through 2023.

The substantial interest shown by investors has allowed Aviation H2 to begin the process of purchasing engines to test its conversion model, which are due to arrive in the next four to six weeks.

Once they have these engines running on liquid ammonia—the company’s H₂ carrier of choice—the company will begin converting a Falcon 50 so they can execute one of Australia's first H₂-powered flights.

Following this, they will seek to certify and commercialize their modification product via a planned public listing on a major exchange in 4Q of 2023.