MONTREAL--(BUSINESS WIRE)--Aug 11, 2023--
Momentum Ventures™, the parent company behind online travel agencies FlightHub™ and JustFly.com™, joins the global aviation community in celebrating the strides achieved in electric aviation. The company recognizes the profound potential of electric airplanes in reshaping the industry, ushering in a new era of air travel solutions that are both sustainable and environmentally friendly.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230811106166/en/
The rise of electric aviation, exemplified by pioneering endeavors like Eviation’s Alice, marks a significant turning point in the perception and experience of air travel. According to The International Council on Clean Transportation (ICCT), Electric aircraft can provide a 49% to 88% reduction in CO2e emissions relative to fossil-fueled reference aircraft and can be 2.1 to 3.2 times more energy efficient during cruise.
"While we aren't engaged in electric airplane manufacturing, we enthusiastically welcome the positive influence they impart on the aviation sector," affirmed Matt Keezer, CEO of Momentum Ventures. "Electric airplanes harmonize with our core values of promoting sustainability and advancement within the travel industry."
Electric airplanes hold the promise of substantially reducing carbon emissions and operational expenses, presenting a revolutionary answer for short-haul and regional flights. While Momentum Ventures predominantly operates within the flight and travel sector, its endorsement of sustainable practices also encompasses broader initiatives aimed at fostering beneficial transformations.
Matt Keezer emphasized, "Collaboration across the industry is vital for maximizing the benefits of electric aviation. Momentum Ventures recognizes the importance of partnerships to address challenges related to battery technology, infrastructure, and supply chains."
As FlightHub and JustFly.com continue to excel within their respective roles, Momentum Ventures remains dedicated to endorsing and supporting initiatives that contribute to a sustainable aviation future.
About Momentum Ventures
Headquartered in Montreal, Quebec, Momentum Ventures is a company committed to creating and growing startups that have the potential to make a significant impact in their industries. Momentum Ventures has created several successful online companies including FlightHub, one of North America's largest online travel agencies with annual sales of 3B per year. Since its founding in 2014, Momentum Ventures' focus on execution excellence and teamwork, combined with an extraordinary level of grit and commitment has helped them establish a reputation for creating successful startups.
View source version on businesswire.com:https://www.businesswire.com/news/home/20230811106166/en/
CONTACT: Press
Ayoub Hissar
media@mventures.ca
+1 514 758 5102
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: OTHER TRAVEL TRANSPORTATION TRAVEL VACATION AIR AEROSPACE TRANSPORT MANUFACTURING
SOURCE: Momentum Ventures
Copyright Business Wire 2023.
PUB: 08/11/2023 07:00 AM/DISC: 08/11/2023 07:01 AM
http://www.businesswire.com/news/home/20230811106166/en
