FALLS CHURCH, Va., - Electra.aero, Inc. has secured purchase commitments for 180 of the company's hybrid-electric ultra-short takeoff and landing (eSTOL) aircraft, totaling more than $500 million in value. The deals are part of cooperative agreements with air service providers and infrastructure developers in multiple countries, and reflect global demand for low-emissions transportation as countries strive to meet carbon reduction targets.
Electra has signed agreements with Flapper, an on-demand private aviation platform in Latin America, and with Skyportz, Australia's advanced air mobility infrastructure developer. Electra previously announced an agreement with the leading global vertical flight operator Bristow Group. Combined, the three partnerships give Electra an inside track on the design, operation, ground support, and marketing of its innovative aircraft.
With less fuel burn and emissions per passenger than a personal car, Electra's hybrid-electric aircraft supports global emissions reduction targets. The fixed-wing aircraft will initially carry up to seven passengers and a pilot or 1800 pounds of cargo up to 500 miles in all weather conditions. Its ability to take off and land in just 100 feet, with in-flight battery recharging, enables flight operations from places previously inaccessible by flight, including urban rooftops and corporate parking lots. Electra's technology delivers 2.5x the payload and 10X longer range with 70% lower operating costs than vertical takeoff alternatives, proving that climate friendly technology can also be cost-effective.
"These strategic agreements go beyond the technological development and manufacturing of the aircraft," said John S. Langford, Founder and CEO of Electra.aero. "They chart the entire ecosystem needed for its successful operation, ground support, and customer use that together validate the commercial viability and market confidence in our eSTOL aircraft." The global urban and regional advanced air mobility market that Electra serves is forecast by Morgan Stanley at $1 trillion.
