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Clermont Group buys electric aircraft developer Eviation

September 04, 2019 / Business Aviation News

Clermont Group has acquired Israel-based electric aircraft developer Eviation Aircraft. The Singapore-based Clermont Group agreed to buy a majority stake in Eviation in January this year. Clermont is a conglomerate with businesses in the healthcare, medical and aerospace sectors. The company also owns Seattle, USA-based electric motor company magniX, which is supplying its  magni250 motors to power Eviation’s electric aircraft.