Ampaire has been flight-testing its hybrid electric powertrain in a Cessna 337 Skymaster, a unique ... [+] twin-engine airplane with a "push-pull" configuration. Now it’s being acquired by one of the small regional airlines that is among its target customers: California’s Surf Air Mobility. “We think that together we can drive the adoption of hybrid electric aircraft as a mass solution at scale,” says Shahani. Surf Air, which plans to go public later this year, is proffering roughly $100 million worth of its stock to take a 100% stake in Ampaire. Whether hybrid aircraft will enable a boom in regional air travel is up for debate.

Source: Forbes February 18, 2021 21:22 UTC