ARLINGTON, Wash. — Eviation Aircraft announced Wednesday that Solyu, a leasing company based in Seoul, South Korea, has signed a letter of intent for 25 commuter Alice aircraft with options for 25 additional aircraft, according to a press release from Eviation.

Based in Washington State, Eviation Aircraft develops and manufactures electric aircraft for more environmentally sensitive, cost-efficient and convenient regional transportation, said the release.

The nine-passenger Eviation Alice is the world's first flight-proven all-electric commuter aircraft, said the release. Alice produces zero carbon emissions using electric propulsion and features lower operating costs per flight hour compared to light jets or high-end turboprops, stated the release.

"As we continue to take important steps toward certification, Alice has now secured $5 billion in orders," said Gregory Davis, CEO of Eviation. "It is gratifying to see the marketplace so excited about Alice's innovative design, low cost of operation and environmental credentials. We are delighted to have Solyu, our newest leasing customer, join us in our mission to lead the electric age of aviation."

According to the release, Solyu is focused on supporting sustainable aviation by providing financing and leasing solutions for Alice to a global customer base of operators.

"We are very excited to work with Eviation to bring sustainable aviation to the market," said Andrew Claerbout, president of Solyu. "With aviation regulations focusing on sustainability and airlines demanding to reduce their carbon footprint, we see Alice as a major contributor to meeting those targets. In addition to its zero emissions, Alice's flexible layout and low operating costs will provide operators opportunities to open new markets."