WORLD LEADER AND INNOVATOR OF ELECTRIC AIRCRAFT

Innovation

Bye Aerospace is a world leader and innovator of electric and solar-electric aircraft. The company, which was founded in 2007 and is headquartered south of Denver at Centennial Airport, is developing and flight-testing prototypes of all-electric general aviation training, personal and business aircraft, and medium solar-electric long endurance aircraft, focusing on advances in energy and design efficiencies. We are growing and revolutionizing the general aviation, aerospace, and defense industries. Bye Aerospace was named one of the “Top 50 Colorado Companies to Watch” for 2017, and Denver Business Journal selected Bye Aerospace as the “Small Business Award” category winner for 2018, “Small Business of the Year” for 2020 by the Aurora Chamber of Commerce, “Most Innovative Company” Manufacturing for 2020 Colorado Biz, and “George Bye, Colorado Top 100 C-level Executives” from Titan CEO for 2020.  

Our Market

Until the Covid-19 pandemic, demand for new airline pilots around the world had increased dramatically over requirements from 5 or 10 years ago. Due to the coronavirus impact on airline transportation, this demand was temporarily reduced for three years. However, over a longer 20-year timeframe, according to Boeing forecasts, an estimated 649,000 new commercial and airline pilots are needed. This requirement is over 4 times increase of the 165,000 airline pilots flying today.

Due to the age and operating expense of the fleet, the existing 230,000-unit General Aviation fleet is ripe for replacement. The majority of these aircraft were manufactured between 1960 and 1983 when production averaged over 10,000 units per year. Sales slumped in the early 1980’s due to market saturation, rising fuel costs and limited access to capital with high interest rates. According to the FAA and GAMA, in the U.S. there are approximately 11,000 trainers in use today that average 48-years old. These old, legacy aircraft are difficult and costly to maintain, burn expensive leaded aviation gasoline producing CO2, and are nearing obsolescence. With low operating cost and high-performance benefits, the all-electric eFlyer 2 and eFlyer 4 are designed to be ideal pilot trainer replacement aircraft -our initial market focus.