– Overair’s Butterfly, an electric piloted, zero-carbon, low noise vertical take-off and landing (eVTOL) aircraft, is capable of carrying five passengers with cargo up to 100+ miles (161+ kilometers) with a speed of peak of 200 mph (174 knots) in all weather conditions
– Bristow will leverage over 70 years of aviation expertise to help Overair develop aircraft design considerations, key performance parameters, FAA certification plans, flight planning best practices and other areas that will help bring Butterfly to market safely and effectively
– Companies will explore commercial taxi flights in new and emerging markets for Bristow operations using the Overair aircraft in various high density geographic locations
– Overair plans to deliver 20 to 50 eVTOL aircraft to Bristow
SANTA ANA, California and HOUSTON, December 16, 2021 / PRNewswire / – Overair, Inc. (“Overair”), a developer of electric vertical take-off and landing vehicles (eVTOL), today announced that it has signed a memorandum of understanding with Bristow Group Inc. (NYSE: VTOL) , the world’s leading provider of innovative and sustainable vertical flight solutions for government and civil organizations. The two companies plan to collaborate on the development of Butterfly’s marketing plans.
Bristow has pre-ordered 20-50 Butterfly aircraft and the two companies will work together to develop an operations development framework focused on vehicle design considerations, key performance parameters, FAA certification, flight planning best practices. , data sharing for the improvement of flight operations, connected vehicle and health monitoring strategies, configuration and maintenance protocols, infrastructure, ground support operations, connected fleet management , government affairs and the promotion of eVTOL operations.
âBristow’s decades of vertical lifting experience will dramatically improve Butterfly’s path to market. Their operational knowledge, combined with our development and execution of the Butterfly program, will position Butterfly to serve Bristow as a valuable workhorse on high density roads, âsaid Ben tigner, Managing Director of Overair. “We are excited to learn from Bristow’s hands-on expertise and ultimately deliver an aircraft optimized for their use cases.”
âOur Memorandum of Understanding with Overair allows us to advance our leadership position in the vertical transport market that we have built over the past 70 years and which will now pave the way for the next generation of vertical flights. Our collaboration facilitates expansion to new heights. geographic density markets with sustainable, innovative and efficient vertical lifting and air transport services, âsaid Chairman of Bristow and CEO Chris Bradshaw. “As a global leader in vertical lifting, Bristow’s operational expertise and efficiency, backed by the confidence of our customers, can safely bring eVTOL aircraft to market.”
Bristow, one of the world’s largest and most experienced helicopter operators, plans to use the unique attributes of these eVTOL aircraft to help reduce its carbon footprint. The company understands the benefits of a diverse fleet and intends to diversify its existing operations with Butterfly and other eVTOLs for commercial air taxi routes in metropolitan areas. Notably, among the vehicles Bristow is currently considering, Butterfly is the only aircraft with a vector thrust configuration.
Bristow plans to optimize its fleet management strategy by matching eVTOL attributes to the most economically productive mission profiles. Butterfly’s low noise profile, payload capacity and ability to fly in a wide range of weather conditions will be well suited for high density and noise sensitive roads in geographic areas with varying environmental concerns. The Butterfly aircraft features low maintenance costs and mechanical simplicity, resulting in high vehicle uptime and utilization, increasing operator margins and delivering value to passengers.
Overair’s experience in developing military-grade rotorcraft propulsion systems is expected to result in highly strategic collaboration between the companies. Work is expected to begin immediately, focusing on planning for FAA certification, a strong operating safety culture and other unique aspects of vertical flight operations.
Disclosure of forward-looking statements
This press release contains “forward-looking statements”. Forward-looking statements represent the current expectations or forecasts of Bristow Group Inc. (the âCompanyâ) regarding future events. Forward-looking statements can generally be identified by the use of forward-looking terms such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe” , âPlanâ, or âcontinueâ or other similar words. These statements are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, reflect the current views of management regarding future events, and are therefore subject to material risks and uncertainties, known and unknown. Without limiting the generality of the foregoing, these forward-looking statements include statements regarding the capabilities, development, certification, marketing and future operations of Overair’s electric aircraft, the purchase of aircraft by the Company from Overair and the benefits expected from the collaboration between the Company and Overair. The actual results of the Company may differ materially from those anticipated in the forward-looking statements.
The Company disclaims any obligation or commitment to provide updates or revisions to any forward-looking statement to reflect any change in the expectations of the Company or any change in the events, conditions or circumstances upon which the forward-looking statement is based that occur. after the date hereof. You should not place undue reliance on our forward-looking statements as the matters they describe are subject to known and unknown risks, uncertainties and other unforeseeable factors, many of which are beyond our control. Our forward-looking statements are based on information currently available to us and speak only as of the date hereof. New risks and uncertainties arise from time to time, and it is impossible for us to predict these problems or how they might affect us. We have included important factors in the section titled âRisk Factorsâ in the Company’s Annual Report on Form 10-K for the year ended. March 31, 2021 (the âAnnual Reportâ) which we believe could cause our actual results, performance or achievements to differ from the anticipated results, performance or achievements which are expressed or implied by our forward-looking statements. You should consider all risks and uncertainties disclosed in the Annual Report and in our filings with the United States Securities and Exchange Commission (the âSECâ), all of which are available on the SEC website at the address www.sec.gov.
About the Bristow Group
Bristow Group Inc. is the world’s leading provider of innovative and sustainable vertical flight solutions. Bristow primarily provides aviation services to a large base of large integrated, national and independent offshore energy companies. Bristow provides commercial search and rescue (SAR) services in several countries and public sector SAR services in the UK (United Kingdom) on behalf of the Maritime & Coastguard Agency (MCA). In addition, the Company offers ad hoc helicopter and fixed-wing transport services. Bristow currently has customers in Australia, Brazil, Canada, Chile, Colombia, Guyana, India, Mexico, Nigeria, Norway, Spain, Suriname, Trinity, United Kingdom and United States For more information, visit our website at www.bristowgroup.com.
Overair, Inc. is positioned to be a global leader in advanced air mobility. Situated at Santa Ana, California, the growing Overair team is harnessing decades of military aircraft innovation to design, manufacture and operate all-electric vertical take-off and landing aircraft. With a path to FAA certification in 2025, Overair is committed to making the world a smaller, cleaner place for everyone who uses Butterfly, the toughest, most efficient and quietest aircraft in its class. To learn more about Overair and Butterfly, please visit www.overair.com.
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