NOMPU SIZIBA: The Pegasus Vertical Business Jet, being developed in South Africa, is moving to the next stage of development. This development aims to produce an aircraft that combines the characteristics of a helicopter with the extravagant range and speed of a business jet to enhance it. This concept is patented in South Africa, Europe, and the United States. As aircraft development continues, Pegasus Universal Aerospace seeks to raise funds by providing investors with profit-sharing arrangements.
Now, I’m attending Dr. Resamia to tell us about the developments it brings to business trips, the types of benefits they bring, and where to go next. He is the founder and CEO of Pegasus Universal Aerospace. Dr. Mia, thank you for your participation. When was the Pegasus Vertical Business Jet conceptualized? Also, when did the project development work actually start?
Dr. Resamia: I came up with the idea in 2012 and started working with some engineers that year just to do conceptual design research. We are also slowly working on designing and building scale models.
NOMPU SIZIBA: So what’s so special about this aircraft, and what are some of the important specifications about it?
Dr. Resamia: The real advantage of this is that it is the only plane that can land where helicopters can land, including where helicopters could not land (such as in narrow urban areas). However, it can fly four times the range and four times the speed of a helicopter that can carry the same amount of passengers.
NOMPU SIZIBA: In terms of size, how big is it?
Dr. Resamia: Designed to fit in a heliport, it measures 15m x 15m.
NOMPU SIZIBA: Ultimately, we are considering directing this flight service to the business community. What are the selling points you advocate on business trips?
Dr. Resamia: It’s still cheaper than an equivalent helicopter that costs about $ 22 million, so you’ll see about $ 18 million.
NOMPU SIZIBA: We have moved to the next stage of aircraft development. What’s happening now? You also seem to be trying to raise money for this next step. It just extends both development and financing.
Dr. Resamia: So what you are doing now is to follow the success of our one-eighth scale model. We are currently flying two quarter scale models. We are building them to send to the UK to fly with our partners PUA and Callen-Lenz Callen-Lenz. What you do with them is to improve your control system and automation. With some financial support from the UK Government, including some financial incentives, we will fly these models in the UK. However, we are also building a full-fledged local hover demonstrator in Johannesburg.
NOMPU SIZIBA: From the perspective of investor access, you are trying to raise money. If you have potential investors listening, what do you offer them from a quid program perspective? And where can they get information about this?
Dr. Resamia: The best place to get more information is on our website, www.pegasusua.com, or on Instagram’s Pegasus_ua. We are also selling shares in a public development company called Pegasus UA Limited. For R10000, there are a minimum of 4 shares and a maximum of whatever you need. This is basically similar to a 7-year bond, with interest accruing at a fixed rate in the 7th year.
NOMPU SIZIBA: So, assuming everything goes well with funding and completion of development, what is the timeline, and when do you think Vertical Business Jet will fly clients? Also, are you still in a position to understand how much it will cost a company to use this service?
Dr. Resamia: With enough money, you should be able to fly the manned version within two years. Also, according to the certification timeline, it should take about 5-6 years to be delivered to the customer. Due to its extremely light weight and the use of many new hybrid technologies, it burns some of its fuel, which costs about half the cost of flying a traditional business jet.
NOMPU SIZIBA: Tell us about the skills behind your abilities behind this project. Obviously, you were the founder of this and you conceptualized it – tell us about who is behind this.
Dr. Resamia: I have an in-house engineer who has worked with a local engineering company and a new partner I talked to, Callen-Lenz in the UK. Their expertise lies in the aspects of control systems and their automation, which makes airplanes ridiculous. But it also paves the way for us to carry out missions that we were not able to do before. Because it needs everything, it’s an airplane that anyone can fly like a private pilot license. Physical labor to maintain stable hovering on an airplane.
NOMPU SIZIBA: And a safety issue – obviously it’s a big issue.
Dr. Resamia: That’s where control systems come in. Even if the pilot gives up control, he will not fall out of the sky. It will just hover. In fact, some of the challenges and attempts of the 1960s and 70s to build this, our planes require pilots to manually control ducts, louvers, and fans, whereas our pilots. Hope to fly was simply that he had to choose his speed. They don’t have to worry if they are on the wings or on the fans. The plane does all that work for them.
NOMPU SIZIBA: Of course, you are still in the early stages. You are developing this project, but you need some ambition. You are already working with an overseas partner. Where do you think this is going? How big do you want to be?
Dr. Resamia: Obviously, we want to make this global. We want to supply planes to every corner of the globe. Then manufacture them based on what their requirements will be for each country that sends them.
NOMPU SIZIBA: And what are the possibilities here in South Africa from the perspective of architecture and manufacturing being developed here in South Africa? What input can I get from South Africa once I start construction?
Dr. Resamia: I think we can get a very small share of the real market in the world. The main market is the United States, and as I mentioned earlier, we also receive promising support from the UK Government. We have a contract with FAA (Federal Aircraft Administration). So if our government isn’t really involved or interested, it’s more likely that we’ll be there.
NOMPU SIZIBA: That was Dr. Resamia. He is the founder and CEO of Pegasus Universal Aerospace.
New aircraft developed at SA will revolutionize global travel
Source link New aircraft developed at SA will revolutionize global travel