Pegasus Universal Aerospace, in conjunction with its highly anticipated share sale, is partnering with an experienced multinational engineering, manufacturing and automation firm. The share sale, which commenced on 29 May and extends over a three month period, serves as a significant milestone in further advancing the South African aircraft developer's Vertical Business Jet (VBJ) project.

The VBJ project, spearheaded by Dr Reza Mia, offers a fusion of VTOL capabilities, high-speed performance and extended range. The share sale aims to raise funds to accelerate the development and industrialisation of this aircraft, positioning investors at the forefront of cutting-edge aviation technology.

The strategic collaboration gives Pegasus access to unrivalled engineering, manufacturing and automation expertise, streamlining the production and assembly stages of the VBJ and marking a significant leap towards the realisation of the commercial availability of the VBJ.

The VBJ promises time-saving advantages and enhanced accessibility for customers. With the ability to match the speed of conventional jets while landing in remote locations, previously accessible only to helicopters, the VBJ eliminates the need for large runways and fixed infrastructure. The aircraft caters to both business and leisure travellers, air ambulance, police and SAR operations.

“We are excited to announce our share sale, marking a significant milestone in advancing the VBJ project,” says Dr Reza. ” We are confident in reshaping the future of air travel with the VBJ. This is an incredible opportunity for investors to join us on this extraordinary journey and be a part of revolutionising the aviation industry.”