The deal involved a $5m equity investment from each of the buyers.
“Growing up in Sweden, Saab is synonymous with aerospace, and our partnership will not only support our programme but help us to become a part of the proud Swedish aerospace heritage.
“Air Canada is a strategically important partner with one of the world’s largest networks operated by regional turboprops, and as a progressive, future-leaning company.”
ES-30 is a regional electric carrier with a 30-passenger capacity, which is expected to start operations in 2028.
Equipped with electric motors powered by batteries, it is claimed to be a zero-emission and low-noise aircraft.
The ES-30 will replace the ES-19, the firm’s previous 19-seat design.
“We have been working hard with much success to reduce our footprint, but we know that meeting our net-zero emissions goals will require new technology such as the ES-30.
“We have every confidence that the team at Heart Aerospace has the expertise to deliver on the ES-30’s promise of a cleaner and greener aviation future.”
Air New Zealand and Christchurch Airport are also part of the Industry Advisory Board.