This paper, created by a group of aviation and energy experts from renowned universities and research centres in Europe, who oversee the fields of energy carriers, energy storage and conversion, propulsion, aerodynamics, flight mechanics, controls, structures, materials, multidisciplinary design, and life‐cycle engineering, aims to give an overview and assessment of promising future technologies. The paper therefore identifies the potential as well as research demands of these technologies on the path to a sustainable and more environmentally friendly aviation