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Aave is well-known in crypto as a leading project in DeFi, or decentralized finance. By opening up the waitlist for the app, it seeks to offer a version of its services without the litany of lingo, such as “stablecoins” and “protocol,” that is common in crypto but that may be unfamiliar or offputting to outsiders. 

Aave’s new product acts like a savings account—but with a higher yield. Users can earn a minimum 5% in interest on their holdings and can deposit money in with a bank account or debit card. The product uses stablecoins, or cryptocurrencies pegged to underlying assets like the U.S. dollar, as well as the Aave protocol.

Aave has been one of the longest-standing networks of its kind, boasting over $30 billion in deposits, according to data from the crypto analytics site DefiLlama. Customers typically can get more interest on their assets on DeFi protocols than through conventional banks, but they often come with a greater risk of hacks—and no government backing. 

Still, Stani Kulechov, founder and CEO of Aave Labs, stressed that the Aave protocol—and therefore the forthcoming Aave app—is safe, especially since Aave has never experienced an exploit in its five-year history. “There is a security on the actual market economics. And then there’s also security on the actual code basis,” he said, pointing to how multiple security companies have audited the software.

Wall Street and DeFi converge

The planned launch of the Aave app comes as the chasm between traditional finance companies and crypto-native startups is growing smaller. The marquee asset manager BlackRock has leaned into Bitcoin, the fintech Stripe has embraced stablecoins, and the banking giant JPMorgan Chase has steadily deployed new blockchain products. 

Meanwhile, crypto companies have sought to attract more mainstream users. The U.S. crypto exchange Kraken has launched its own payments app and a slew of others are aiming to create their own bank-like products built with stablecoins, or cryptocurrencies pegged to underlying assets like the U.S. dollar.  

“Typically, DeFi has been accessible to very savvy, professional users,” Kulechov, CEO of Aave Labs, told Fortune. “The next step for DeFi is to bring more direct access for consumers.”

Kulechov, the CEO of Aave Labs, is one of DeFi’s torchbearers. In 2020, he launched the Aave protocol. Since then, he’s expanded out his DeFi offerings to include a crypto wallet, a decentralized stablecoin, and a decentralized protocol for social media. 

In October, Aave Labs acquired the stablecoin company Stable Finance for an undisclosed sum. “They had more of a consumer DeFi experience that helped our team to move faster and and improve our offering down the line,” said Kulechov.

Aviation is at a turning point. 

As the industry faces growing pressure to reduce carbon emissions, the search for sustainable alternatives has never been more urgent. Enter liquid hydrogen (LH₂) – a game-changing fuel that could redefine the future of flight.

 Why liquid hydrogen?

• Ultra-low carbon emissions
  LH₂ produces only water vapor when used in fuel cells or combustion, making it one of the cleanest aviation fuels available.
• High energy-to-weight ratio
  LH₂ delivers significantly more energy per unit mass than conventional jet fuel, enabling longer-range, more efficient flights.
• Zero-emission potential
  With the right aircraft design and infrastructure, LH₂ can power fully zero-emission flights — a major leap toward climate-neutral aviation.

What you’ll learn

This in-depth point of view explores:

• Comparative insights
  How LH₂ stacks up against sustainable aviation fuels (SAFs) and traditional jet fuel in terms of performance, scalability, and emissions.
• Technical challenges
  The complexities of hydrogen storage, cryogenic transport, and aircraft integration — including safety, weight, and design considerations.
• Global collaboration
  The critical role of international partnerships among researchers, manufacturers, energy providers, and policymakers in building a hydrogen-powered aviation ecosystem.

The path forward

Liquid hydrogen isn’t just a fuel – it’s a catalyst for innovation. As aerospace leaders reimagine the future of flight, LH₂ offers a bold, sustainable path forward. Whether you’re a researcher, engineer, policymaker, or energy provider, this is your guide to understanding and shaping the next era of aviation.

Click to read Liquid Hydrogen

• Exclusive collaboration will deliver a creative interior design for the Bombardier Global 8000 aircraft, leveraging both companies’ craftsmanship mastery
• Bespoke interior design will be unveiled in 2026 and available for Global 8000 customers to purchase
• The Global 8000⁽¹⁾ is a no-compromise business aircraft, delivering the fastest speed and best field performance to operate from short runways in all weather conditions. It also offers the lowest cabin altitude in the industry, as well as the longest range in its class

Bombardier and ELIE SAAB are proud to announce a collaboration to create a uniquely elegant passenger cabin design for the Bombardier Global 8000⁽¹⁾ aircraft. This creative collaboration brings together two masters of their craft, with Bombardier’s leading aviation expertise and ELIE SAAB’s world-renowned artistry in haute couture and design. Centered on delivering an exceptional passenger experience, the ELIE SAAB-designed jet will combine refined aesthetics, exceptional craftsmanship and innovative functionality, creating an environment where comfort and elegance seamlessly meet. 

This marks Bombardier’s first-ever design collaboration with a luxury fashion house such as ELIE SAAB, underscoring its commitment to providing its customers with the ultimate in personalization and sophistication. Customers of the Global 8000 will have the unique opportunity to select the ELIE SAAB design, a statement of elegance and refinement. The design will be presented at an official unveiling, which will be held in 2026. 

“Bombardier Global 8000 customers are already enjoying the finest in business aviation with exceptional comfort, the fastest speed and lowest cabin altitude in the industry, as well as the best field performance to operate from short runways in all weather conditions. This collaboration with ELIE SAAB further sets apart this aircraft’s distinctive characteristics and exemplifies Bombardier’s commitment to offering a unparallelled customer experience,” said Éric Martel, President and CEO, Bombardier. “As two iconic family businesses and two world-class brands, we share a profound commitment to heritage and excellence, driven by our talented teams and fueled by a spirit of innovation. By combining our engineering and craftsmanship expertise with ELIE SAAB’s iconic design vision, we are offering our customers something truly unique – an aircraft that reflects the pinnacle of elegance and a spectacular attention to detail.”

“Partnering with Bombardier marks an important milestone in ELIE SAAB’s strategic expansion into lifestyle. Together, as two businesses united by family values and a commitment to excellence, we are shaping a new expression of luxury in aviation. By bringing our craftsmanship into dialogue with Bombardier’s engineering mastery, we are creating an experience designed for a global clientele seeking unparalleled refinement and comfort. This vision comes to life in the Global 8000 cabin design, where our signature aesthetic meets Bombardier’s performance leadership to set a new standard for sophistication in air travel,” commented Elie Saab Junior, Vice Chairman and CEO of ELIE SAAB Group.

The Bombardier Global 8000 is the industry’s no-compromise flagship aircraft, setting a new standard for performance, comfort, and innovation. With a top speed of Mach 0.95, an impressive range of 8,000 nautical miles and the lowest cabin altitude in the industry, the Global 8000 redefines long-distance travel. Its advanced technology, smooth ride, and meticulously configurated cabin make it the ultimate choice for those who demand excellence without compromise. Thanks to its exceptional field performance, the Global 8000 also provides access to more airports with shorter runways, offering unmatched flexibility for travelers.

About Bombardier

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs. 

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of more than 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.   

For Information

For corporate news and information, including Bombardier’s Sustainability report, as well as the company’s initiative to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book-and-Claim system visit
bombardier.com.

Learn more about Bombardier’s industry-leading products and customer service network at bombardier.com. Follow us on X @Bombardier.

About ELIE SAAB

Founded in Lebanon in 1982, ELIE SAAB is one of the world’s leading Haute Couture lifestyle brands. As one of the first international members of France’s prestigious Chambre Syndicale, the House has established a global presence with flagship boutiques in major fashion capitals including Paris, London, Milan, Dubai, Beirut and other key cities around the world. 

Sought after by A-list celebrities and royalty around the globe, the house offers Haute Couture, Ready-to-Wear, and Bridal collections, complemented by accessories, eyewear, childrenswear, watches, fragrances and furniture. The brand has also expanded into interior design partnering with leading developers worldwide.

Media Contacts

General media contact webform

Christina Lemyre McCraw
+1-514-497-4928
christina.lemyremccraw@aero.bombardier.com

Bombardier, Global and Global 8000 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

⁽¹⁾ The Global 8000 aircraft received Transport Canada Type Certification on November 5, 2025; certification from the U.S. Federal Aviation Administration and from the European Aviation Safety Agency is pending. All specifications and data are subject to certain operating rules, assumptions and other conditions. It is expected to enter into service in 2025. Please also see the forward-looking statements disclaimer at the end of this press release.

Forward-looking statements
This press release contains certain forward-looking statements. By their nature, forward-looking statements require the Corporation to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from those set forth in the forward-looking statements. Please refer to the “Forward-Looking Statements” disclaimer contained in Bombardier Inc.’s most recently published financial report for additional details.