With an estimated 900 aircraft that will leave service every year, the market volume to grasp equals more than 9000 aircraft worldwide in the next 10 years. Knowing that the aviation sector since 1970 shows a doubling of activity every 15 years, with over 30000 aircraft on projected order, it is that an urgent societal challenge exists in the treatment of end-of-life aircraft. In addition, global regulations on retired aircraft processing and important incentives by the EU in the field of the circular economy are expected. By introducing the circular economy business model, Eco Fly has developed a unique selling proposition for aircraft owners, increasing the value of end-of-life aircraft materials by a factor of 8 compared to the competition. With an ambitious but realistic market share target of 22% of the worldwide aircraft fleet dismantled being by Eco Fly within 5 years, the value of that market share exceeds EUR 400 million.
By using a service model which is more favourable to aircraft owners than buying these aircraft, as well as value creation via re-manufacturing airframe parts in to new products, the income expected is more stable, the generated value on the airframe is 8 times higher than with competition and there is no need to pay for aircraft procurement; thus there is a better cash flow position. In our service model, 100% of our generated aircraft value is given back to the aircraft owner, so working with Eco Fly has both a strong financial and environmental advantage. Stable income and a performance incentive for Eco Fly is guaranteed via a service fee paid per aircraft. With established sites in Switzerland and planned sites in the USA, Abu Dhabi, Northern Africa and Asia, Eco Fly will employ more than 300 FTEs over the next 5 years, with annual employment growth of 74% on average. Through partnerships with knowledge institutes, innovation knowledge is anchored in Europe. With the backing of the largest metal recycling group in Switzerland, with sites all over Europe and covering risk-including technology development, Eco Fly is on course for market valorisation and scale-up.
With a highly experienced team, ranging from aircraft design through maintenance and flight operations to European policy-making on the circular economy and finance, it is believed that the Eco Fly team is well placed to achieve the ambitious objectives outlined in this business plan. Doing so, Eco Fly solves an important environmental problem with healthy business, favourable market conditions and strong growth prospects.