(PRNewswire)--Sirius Aviation AG has partnered with PARQ Development, providing ten cutting-edge H₂-powered vertical takeoff and landing (VTOL) jets along with tailored support services to the picturesque landscapes of Bali, Indonesia. The agreement is estimated to be worth $50 MM, reflecting a significant investment in advancing sustainable aviation initiatives.

Under the new deal, PARQ Development will receive five Sirius Millennium Jets and five Sirius Business Jets poised to revolutionize sustainable travel in Bali and the nearby islands. Additionally, Sirius Aviation AG will establish five vertiports and five H₂ generators, facilitating VTOL operations, enhancing accessibility, stimulating eco-friendly tourism and economic growth in Indonesia.

The Sirius Jet, the world's first H₂-powered, zero-emissions VTOL aircraft, will further PARQ Development's long-term commitment to sustainability in the region.

"Our partnership marks the dawn of a new era for Bali and its surrounding islands, emphasizing zero-emission tourism, sustainable development, and regional economic growth. With PARQ's tailored route planning and outstanding support services, we're setting a new standard," said Alexey Popov, the CEO of Sirius Aviation AG.

For PARQ's role in the partnership, they will develop tourist routes and infrastructure, not just in Bali, but on the numerous surrounding islands, enhancing the region's economy and introducing brand new destinations.

"Uniting with Sirius Aviation AG, we're crafting a new era for Bali tourism—zero carbon footprints in the sky and unforgettable journeys on the ground. Together, we're flying towards a cleaner, greener tomorrow," said Andre Frey, the Founder of PARQ Development.

In a revolutionary step towards eco-friendly aviation and innovative sales strategies, Sirius Aviation AG, alongside Swiss banks, introduces a pioneering leasing scheme to PARQ. Under this arrangement, the aircrafts, equipped with crew, maintenance and insurance, will be leased to PARQ for $65,000 monthly over five years, with PARQ targeting $180,000 in monthly route earnings. This groundbreaking initiative sets a new standard in the tourism industry and paves the way for future collaborations.

This new partnership underscores the shared commitment of both companies to eco-friendly aviation solutions, integrating cutting-edge H₂-electric technology with customized route planning and comprehensive support services.