FALLS CHURCH, Va. and
MUNICH, Dec. 15, 2021 /PRNewswire/ -- A new
generation of cost-efficient hybrid-electric aircraft is making
on-demand regional air travel commercially feasible. Electra.aero,
a US-based clean aviation technology company and flyv, a German
company creating On Demand Air Mobility solutions, have partnered
to develop a revolutionary customer-centric air mobility solution
that leverages the economic advantages of Electra's sustainable
flight technology to offer travelers the quickest, most
cost-effective route between locations in underserved regional
travel markets in Europe.
Passengers will fly on Electra's hybrid-electric, ultra-short
takeoff and landing (eSTOL)aircraft, a fixed-wing plane that uses a
unique combination of proven blown lift technology, hybrid-electric
power, and distributed propulsion to operate on runways as small as
100x300 feet. The quiet, piloted plane delivers substantially
lower emissions and operating costs than conventional aircraft.
Batteries are recharged mid-flight, eliminating the need for ground
charging infrastructure and enabling quick flight turnaround in
diverse environments. The flyv service will initially operate
between airports and eventually provide point-to-point intercity
travel, taking full advantage of the Electra eSTOL's ability to
take off and land in places previously inaccessible by flight.
flyv is a novel airline focused on regional air mobility. In
lieu of a traditional hub and spoke network, the flyv scheduling
platform uses a proprietary algorithm to optimize the daily flight
schedule based on paid bookings and operational constraints. flyv
will provide customers a guaranteed fixed travel timeframe to their
destination at the point of booking, and exact itinerary details
prior to departure.
"There is a gap in transportation services today between where
ground transport is effective and where large transport aircraft
are providing efficient service. We designed Electra's eSTOL
aircraft to fill that gap, providing a more sustainable transport
option than cars or traditional aircraft for short and medium
distance routes up to about 500 miles," said John S. Langford, Founder and Chief Operating
Officer (CEO) of Electra.aero. "We are delighted to be partnering
with flyv to pair our aircraft technology with flyv's innovative
business model and flight scheduling technology to bring this
transportation solution to customers."
"Traditional airlines are focused on capacity, not on demand.
We're building a new means of transport that is demand-driven and
customer centric. We aim to connect unserved communities to as many
other decentralized locations as possible by delivering the fastest
means of transport from one point to another at market value-based
prices," explained flyv Chief Executive Officer (CEO) Anton Lutz. "The economics were a challenge with
conventional aircraft. The cost-effectiveness of Electra's
high-performance eSTOL aircraft is the puzzle piece that makes the
flyv model work. Our partnership with Electra enables a
micro-mobility solution that connects the unconnected into the
global aviation network in a sustainable way, creating economic
opportunities for both communities and customers," said Lutz.
Under a Memorandum of Understanding (MOU), flyv will be
Electra's air mobility services partner in Europe, and Electra will be flyv's OEM partner
for regional air mobility services in Europe and elsewhere, with a commitment by
flyv to purchase of up to 100 Electra eSTOL aircraft. The agreement
raises Electra's total purchase commitments to 280 aircraft. The
two companies will jointly explore urban and regional networks to
be served by flyv, and will collaborate on elements of eSTOL
performance, economics, and passenger experience as well as joint
marketing initiatives. The global urban and regional advanced air
mobility market is forecast by Morgan Stanley at $1 trillion.
About flyv
flyv is a start-up On-Demand
Air Mobility airline connecting people in a demand-driven network,
with a mission to connect every possible landing field in a single
customer-induced web created anew every day. The company's core
asset is its two algorithms: the fulfillment algorithm and the
product algorithm. Together they enable optimized product offering
and operationalization leading to a new approach in airline
distribution and management. flyv's highly skilled team draws
from various disciplines with executive experience from Amazon, GE
Aviation, Vodafone, easyJet, and Lufthansa Group, as well as
renowned scientific institutions and European airports.
About Electra.aero
Electra.aero, Inc. is a next-gen aerospace company leading the way
in sustainable urban and regional mobility. The company is
building clean, hybrid-electric, ultra-short takeoff and landing
(eSTOL) airplanes that fly people and cargo quieter, further, and
more affordably. Electra is collaborating with air transport
and ground infrastructure operators to achieve a turnkey solution
for diverse markets. Electra's team includes some of the most
respected and successful entrepreneurs and engineers in novel
aircraft design, and its technology development is supported by
NASA and the US Air Force Agility Prime program.
flyv Investors
Tomislav
Lang
+49-89-904-29369
investors@flyvirtual.global
flyv Media
Diana
Lang
+49-89-904-29369
contact@flyvirtual.global
Electra.aero Investors
Jilinda
Crowley
+1 571.438.1779
investors@electra.aero
Electra.aero Media
Barbara
Zadina
+1.202.997.9632
Zadina.barbara@electra.aero
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SOURCE Electra Aero
