Kirkland Advises BETA Technologies on Partnership with GE Aerospace to Advance Hybrid Electric Flight
Kirkland & Ellis advised BETA Technologies Inc. on a new strategic partnership and equity investment agreement with GE Aerospace (NYSE:GE) to accelerate the development of hybrid electric aviation by combining BETA’s rapid innovation approach with GE Aerospace’s global scale and experience. Under the new agreement, GE Aerospace and BETA plan to develop a hybrid electric turbogenerator for Advanced Air Mobility applications. Additionally, GE Aerospace will make an equity investment of $300 million in BETA, subject to regulatory approval, aligned with its commitment to work with key industry players to advance technologies that will support the future of flight.
The Kirkland team included corporate lawyers Chris Burwell, Adam Phillips, Mohammed Banjari and Sid Rai; technology & IP transactions lawyers Dan Lewis, Seth Traxler, Kevin Jacobsen and Camilo Mesa; and capital markets lawyers Matt Pacey and Jennifer Wu.
