Growth

The need: A compelling need for new professional pilots is growing according to Boeing and others. In the near-term the coronavirus will impact the new pilot requirement. In the long-term, demand for new pilots is expected to return. An estimated 763,000 (Boeing forecast 2020) new pilots are needed over the next 20 years – a more than 4.5-fold increase over the 165,000 pilots flying today. According to industry sources, 80% of new student pilots drop out of training. The #1 objection is cost.

The answer: The clean, all-electric eFlyer trainer is ideal as it dramatically reduces the flight operations cost. This potentially improves the flight school economics while reducing student pilot costs. The new, high-tech eFlyer is intended to replace the nearly obsolete training fleet of 11,000 conventional aircraft that averages almost 50 years-old.

Bye Aerospace is a world leader and innovator of electric aircraft. The company, which was founded in 2007 and is headquartered near Denver at Centennial Airport, is developing and flight testing prototypes of all-electric general aviation training, personal and business aircraft, focusing on advances in energy and design efficiencies. We are growing and revolutionizing the general aviation and aerospace industries.