Electra Achieves Sale of 1,000th Sustainable eSTOL Aircraft

Electra.aero, Inc. ("Electra"), a next-gen aerospace company with a mission to help decarbonize aviation and open new air transportation markets, announces that it has signed a letter of intent bringing Electra's total order book to 1,000 aircraft, worth over $3 billion. The aircraft sale was signed with private air-mobility provider Welojets, LLC, for 32 electric short-takeoff and landing (eSTOL) aircraft at the National Business Aviation Association (NBAA) Business Aviation Convention & Exhibition (BACE) in Orlando, FL.

Welojets joins a broad range of customers for Electra's climate-friendly eSTOL aircraft, including urban and regional airlines, charter operators, VIP transport, medical and emergency response transport, and helicopter operators. Electra's customers are both established aircraft operators as well as new entrants re-defining how to move and transport goods using Electra's next-generation eSTOL aircraft. Clients include Bristow Group, flyv, EBIRD, Harbour Air, Tailwind Air, Ravn Alaska, MintAir, Everts Air Cargo, Yugo, Gold Aviation, Skyportz, Flapper, Northwest Seaplanes, and El Azufre Resort. The global reach of Electra's order book means that customers will fly in the U.S., Latin America, Europe, Southeast Asia and Australia.

Welojets today flies business jets throughout Europe and the Americas and is looking for ways to expand into new markets in a sustainable manner. With a workforce positioned in more than 20 strategic locations worldwide, the company is primed to evolve as a global leader in private aviation's push toward air-mobility solutions and eSTOL aircraft operations.

Electra is currently developing a hybrid 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 a space the size of a soccer field, cruise at 175 knots, and recharge in-flight enables flight operations from places previously inaccessible by flight, including converted parking lots, barges and very short landing strips. The piloted fixed-wing aircraft will initially carry up to nine passengers or 2500 pounds of cargo as far as 400 nautical miles in all weather conditions.

"We are delighted to have Welojets on board with us for this incredible journey to decarbonize aviation and bring air mobility to entirely new markets. Our quiet, ultra-short-takeoff and landing aircraft provides a step change in fuel-burn and operating-cost reduction and opens markets previously inaccessible to conventional fixed-wing aircraft," says John Langford, founder and chief executive officer of Electra.

"Welojets fully embraces the electric aviation revolution, and we are thrilled to work with Electra to deliver cleaner and cost-effective flights to our customers," says Alfredo Lisdero, president of Welojets. "We plan to fly the Electra eSTOL aircraft into existing airports as well as use it to expand our operations into new markets that cannot be served currently with traditional fixed-wing aircraft. Thanks to the Electra aircraft cost and performance advantages, we see many opportunities to grow our services throughout Europe and Latin America."

For more information, visit Electra.aero.