Electra.aero, Inc., 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.
They will also collaborate on eSTOL performance, economics, and passenger experience elements necessary to achieve Yugo’s projected operations.
“We are thrilled to work with Electra to deliver cleaner and cost-effective aviation in Asia-Pacific,” said Jim Baldy, Chief Executive Officer (CEO) of Yugo.
“Yugo is committed to providing convenient, safe, and efficient urban and regional air mobility services to our members and customers.
“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.”