Quantum is increasing the amount of purchase deposits for Bye Aerospace's two-seat and four-seat eFlyer aircraft. The companies have also announced an expanded partnership under which Quantum will use Bye Aerospace's all-electric aircraft to launch the anticipated urban air mobility revolution.

“The additional purchase deposits are the second in a series toward an expanded agreement for a fleet of hundreds of aircraft,” says Quantum CEO Tony Thompson. The partnership includes future purchase deposits to be made by Quantum for an expanded fleet of eFlyer 2s, eFlyer 4s and a yet-to-be announced Bye Aerospace aircraft.

Thompson hailed the transaction as the next step in Quantum's push to make local and point-to-point air transportation a reality. “eFlyer aircraft will be a cornerstone of our multi-modal aeromobility fleet, a fleet which will include electric and hybrid-electric aircraft, fixed-wing and rotary aircraft and land and sea aircraft,” he continues. “This transaction cements Bye Aerospace's status as the foremost electric aircraft manufacturer, and our status as the foremost aeromobility operator in the nation.”

George E. Bye, CEO of Bye Aerospace, adds: “Amidst the flurry of interest in improving urban aviation, Quantum is pursuing a practical, near-term, achievable path. We are pleased to expand this important partnership with Quantum.”