Electra, a next-gen aerospace company devoted to sustainable urban & regional mobility, and Yugo, a private air mobility platform that provides on-demand business jet and helicopter flights, have collaborated with the aim of expanding air mobility services to urban and underserved destinations in the Asia-Pacific region.
Under a Memorandum of Understanding (MOU), Yugo intends to acquire up to 12 Electra electric short take-off and landing (eSTOL) aircraft for Yugo’s current and future air mobility network in APAC, providing a shorter, safer, and more affordable transit option for both passengers and cargo.
The two companies will jointly pursue urban and regional markets served by Yugo’s network capitalizing on the eSTOL aircraft’s ultra-short takeoff and landing capability. The piloted fixed-wing aircraft will initially carry up to nine passengers or 820 kg of cargo up to 800 km in all weather conditions with less fuel burn and emissions per passenger than a personal car. In addition, the aircraft enables flight operations from places previously inaccessible to flying, including parking lots and remote landing strips.
“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.
With Yugo’s purchase, Electra now has nearly 300 aircraft orders from partners in North America, Latin America, Europe, Australia, and Asia.
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