Electra Partners with Yugo to Open New Destinations in Asia to Private Air Travel with Clean Hybrid-Electric eSTOL Aircraft
FALLS CHURCH, Va. and SINGAPORE, Feb. 10, 2022 /PRNewswire/ -- Electra.aero, Inc. ("Electra"), a pioneering developer of sustainable aircraft, and Yugo, Asia's fast-growing private air mobility platform, have partnered to dramatically expand air mobility services to urban and underserved destinations in the Asia-Pacific region by leveraging the performance and cost advantages of Electra's hybrid-electric, ultra-short takeoff and landing (eSTOL) aircraft.
Yugo is a private aviation digital platform based in Singapore that offers global on-demand bookings of charter flights of private jets and helicopters, with a focus on Asia-Pacific. Yugo provides its userbase and members with access to an extensive network of hundreds of aircraft, from light jets such as the Cessna Citation to longer range jets like the Gulfstream G650ER.
Under the terms of a Memorandum of Understanding (MOU), Yugo intends to acquire up to twelve Electra eSTOL aircraft for use in Yugo's current and future envisioned air mobility network in Asia-Pacific and elsewhere to enable fast and frictionless high-speed transportation services for passengers and potentially also cargo. The two companies will jointly pursue urban and regional markets to be served by Yugo's network capitalizing on the eSTOL airplane's ultra-short takeoff and landing capability. They will also collaborate on eSTOL performance, economics, and passenger experience elements necessary to achieve Yugo's projected operations.
Electra is developing sustainable hybrid-electric eSTOL aircraft that will enable people and cargo to transit more rapidly, safely, and affordably within urban and regional networks. The plane's ability to take off and land in spaces as small as 300x100 feet, with in-flight battery recharging, enables flight operations from places previously inaccessible by flight including parking lots and remote landing strips. The piloted fixed-wing aircraft will initially carry up to nine passengers or 1800 pounds of cargo up to 500 miles in all weather conditions, with less fuel burn and emissions per passenger than a personal car. With the Yugo MOU, Electra now has commitments covering nearly 300 aircraft orders from partners in North America, Latin America, Europe, Australia, and Asia.
"We are thrilled to work with Electra to deliver cleaner and cost-effective aviation in Asia-Pacific. Yugo is committed to providing convenient, safe, and efficient urban and regional air mobility services to our members and customers," said Jim Baldy, Chief Executive Officer (CEO) of Yugo. "With Electra's versatile and sustainable eSTOL aircraft, we will be able to provide our business and tourism customers unparalleled flight solutions and expand our service to previously underserved or inaccessible locations, while also protecting fragile environments.''
"Advanced air mobility holds exciting promise to meet the transportation challenges of the Asia-Pacific region, with its densely populated cities and dispersed island communities amid the fastest-growing economy in the world," noted John S. Langford, Founder and CEO of Electra.aero. "Our airplane's ability to take off and land in small spaces means we can fly more people faster, quieter, and more affordably to more diverse destinations while achieving lower emissions and reduced operating costs. Electra is delighted to partner with Yugo to bring the benefits of our eSTOL technology to this dynamic market."
About Electra.aero, Inc.
Electra.aero 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's technology delivers 2.5x the payload and 10X longer range with 70% lower operating costs than vertical takeoff alternatives with much less certification risk, proving that climate friendly technology can also be cost-effective. Electra is collaborating with air transport and ground infrastructure operators to achieve turnkey solutions for any market. 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.
About Yugo
Yugo is a Private Air Mobility Platform providing on-demand private jets and helicopter flights globally for VIP charter, air ambulance and cargo flights. Yugo's flight services are powered by a large inventory composed of thousands of aircraft located in Asia-Pacific, Europe, America, and Africa. Yugo is offering a membership program that provides simplified bookings while allowing members to enjoy benefits from lifestyle and business partners.
Yugo Media
Jenny Theary
+65 87 645 938
[email protected]
Electra.aero Investors
Jilinda Crowley
+1 571.438.1779
[email protected]
Electra.aero Media
Barbara Zadina
+1.202.997.9632
[email protected]
SOURCE Electra Aero
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