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Home News Philippines' Maharlika Fund Considers Investment in Electric Aviation

Philippines' Maharlika Fund Eyes Electric Aviation Investment

Aug 18, 2026
75 min
8
Aug 18, 2026 00:31
Why the Philippines’ Maharlika Fund should invest in Heart Aerospace

## Strategic Investment Opportunity

The Maharlika Investment Corporation (MIC) of the Philippines is considering investing in Heart Aerospace, a company developing hybrid and all-electric regional aircraft. This move aligns with MIC's goals of enhancing transport connectivity, electrification, and industrial development.

## Heart Aerospace's ES-30 Program

Heart Aerospace is working on the ES-30, a 30-seat hybrid-electric aircraft designed for regional routes. The aircraft offers a range of approximately 200 km on electric power and up to 800 km in hybrid mode. This technology aims to reduce fuel consumption and emissions, making it a strategic fit for the Philippines' archipelagic geography.

## Financial and Strategic Rationale

MIC manages the Maharlika Investment Fund, with assets totaling around ₱129.48 billion. The fund seeks projects that promise at least a 10% economic internal rate of return (EIRR). Investing in Heart Aerospace could provide a hedge against volatile fuel prices and support the Philippines' energy and logistics sectors.

## Potential Benefits for the Philippines

Electric aviation could enhance connectivity between the country's many islands, improve supply chains, and support tourism. Additionally, it aligns with MIC's focus on national resilience and infrastructure development. The investment could also position the Philippines as a hub for electric aviation operations and maintenance.

## Future Prospects

Heart Aerospace has already secured commitments from major airlines like United Airlines and Air Canada, indicating strong market interest. With a credible path toward certification by 2031, the ES-30 program represents a promising opportunity for the Maharlika Fund to invest in a transformative sector.

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