1 00:00:04,440 --> 00:00:12,479 Speaker 1: Welcome to Tech Stuff, a production from iHeartRadio. Hey therein 2 00:00:12,600 --> 00:00:15,560 Speaker 1: Welcome to Tech Stuff. My name is Jonathan Strickland. I 3 00:00:15,600 --> 00:00:18,799 Speaker 1: am your host, and how the tech are you. I 4 00:00:18,800 --> 00:00:21,880 Speaker 1: have a very special episode today. It is rare that 5 00:00:21,960 --> 00:00:25,160 Speaker 1: I get to do interviews, and it's more rare than 6 00:00:25,160 --> 00:00:29,600 Speaker 1: I get to talk to C suite individuals in my interviews. 7 00:00:29,600 --> 00:00:32,360 Speaker 1: But today I get to do that because I have 8 00:00:32,720 --> 00:00:37,400 Speaker 1: Sudan Shahani from surf Air on my show. Welcome to 9 00:00:37,479 --> 00:00:38,080 Speaker 1: Tech Stuff. 10 00:00:38,479 --> 00:00:39,960 Speaker 2: Thank you, Jonathan. It's great to be here. 11 00:00:40,560 --> 00:00:42,680 Speaker 1: I'm so excited to talk to you because I remember 12 00:00:42,720 --> 00:00:46,800 Speaker 1: hearing about surf Air almost a decade ago now while 13 00:00:46,800 --> 00:00:50,080 Speaker 1: I was just following up on tech and back in 14 00:00:50,200 --> 00:00:52,960 Speaker 1: those days, the business plan and the approach and the 15 00:00:53,000 --> 00:00:56,080 Speaker 1: company mission statement was a little bit different than what 16 00:00:56,160 --> 00:00:58,880 Speaker 1: you are pursuing now. So I hope we can kind 17 00:00:58,920 --> 00:01:02,240 Speaker 1: of talk about sort of the history of the company 18 00:01:02,560 --> 00:01:05,840 Speaker 1: while the original vision was and how that has evolved 19 00:01:05,880 --> 00:01:09,800 Speaker 1: over time, because I'm really excited about where you're headed. 20 00:01:10,160 --> 00:01:11,080 Speaker 2: Yeah. 21 00:01:11,120 --> 00:01:14,320 Speaker 3: Absolutely. So the short version of this is, you know, 22 00:01:14,480 --> 00:01:18,279 Speaker 3: the early days of Surfair, the business model, it started 23 00:01:18,280 --> 00:01:20,800 Speaker 3: to serve business travelers and it started to serve business 24 00:01:20,840 --> 00:01:24,440 Speaker 3: travelers with a subscription all you can fly type product 25 00:01:24,520 --> 00:01:28,000 Speaker 3: for really the frequent flyer that was going on routes 26 00:01:28,160 --> 00:01:30,800 Speaker 3: like La de San Francisco and Santa Barbara de San 27 00:01:30,800 --> 00:01:33,760 Speaker 3: Francisco and wanted to go from a small airport to 28 00:01:33,800 --> 00:01:36,080 Speaker 3: smaller airport and get call it, two hours of their. 29 00:01:35,920 --> 00:01:36,920 Speaker 2: Life back on a day trip. 30 00:01:37,000 --> 00:01:38,800 Speaker 3: So don't spend a lot of time in the big airport, 31 00:01:38,880 --> 00:01:41,600 Speaker 3: get there five minutes before, get on a small plane, 32 00:01:42,120 --> 00:01:44,800 Speaker 3: hang with other members of like a like minded travelers club. 33 00:01:45,440 --> 00:01:48,000 Speaker 3: And people were doing it three or four times a month, 34 00:01:48,240 --> 00:01:50,640 Speaker 3: and we were giving consumers back time. 35 00:01:50,720 --> 00:01:51,840 Speaker 2: It was a great experience. 36 00:01:51,880 --> 00:01:54,440 Speaker 3: It was one of the few times I think people 37 00:01:54,840 --> 00:01:58,640 Speaker 3: actually enjoyed their their their flying experience, or we kind 38 00:01:58,640 --> 00:02:01,360 Speaker 3: of tried to bring that back, if you will, and 39 00:02:01,720 --> 00:02:04,360 Speaker 3: along the way we kind of realized that, you know, 40 00:02:04,680 --> 00:02:07,680 Speaker 3: while that was great to serve a particular audience that 41 00:02:07,840 --> 00:02:10,560 Speaker 3: was paying a small premium to kind of domestic business 42 00:02:10,600 --> 00:02:13,720 Speaker 3: class to get an experience that felt more like a 43 00:02:13,720 --> 00:02:18,200 Speaker 3: private flying experience, that was still a pretty limited I mean, 44 00:02:18,480 --> 00:02:20,560 Speaker 3: we could do that on roots like La San Francisco 45 00:02:20,600 --> 00:02:22,680 Speaker 3: and a number of other kind of high traffic you know, 46 00:02:22,960 --> 00:02:25,160 Speaker 3: commercial hubs, on each end, business city pairs with all 47 00:02:25,200 --> 00:02:28,320 Speaker 3: these business travelers. But we realized that if actually there's 48 00:02:28,360 --> 00:02:30,639 Speaker 3: five thousand airports in the country, and if we could 49 00:02:30,680 --> 00:02:33,360 Speaker 3: create something that took away the barriers, like if we 50 00:02:33,400 --> 00:02:36,960 Speaker 3: could make a similar experience affordable to a much broader audience, 51 00:02:37,480 --> 00:02:39,000 Speaker 3: that would be great. That would be the big the 52 00:02:39,000 --> 00:02:40,840 Speaker 3: big idea, like how can we make this affordable and 53 00:02:40,880 --> 00:02:42,400 Speaker 3: how can we make it greener? Because we look at 54 00:02:42,440 --> 00:02:44,919 Speaker 3: the two barriers to entry that people had, they were 55 00:02:45,000 --> 00:02:47,520 Speaker 3: either like, that's still a little bit expensive for me, 56 00:02:47,560 --> 00:02:50,640 Speaker 3: I don't fly enough to justify it, or like do 57 00:02:50,680 --> 00:02:52,000 Speaker 3: I really want to seem like I'm flying on a 58 00:02:52,000 --> 00:02:53,799 Speaker 3: private plane? Like that doesn't really go well with my 59 00:02:53,840 --> 00:02:58,840 Speaker 3: carbon footprint. And the reality is we're now entering an 60 00:02:58,960 --> 00:03:03,400 Speaker 3: error where we're moving towards the world is moving towards 61 00:03:03,440 --> 00:03:06,280 Speaker 3: green aviation is that's sort of the way we look 62 00:03:06,320 --> 00:03:09,040 Speaker 3: at it, and regional travel, at least over the next 63 00:03:09,040 --> 00:03:11,440 Speaker 3: decade or two, we think is about to be reimagined 64 00:03:11,480 --> 00:03:14,600 Speaker 3: because all of the innovation in this space is coming 65 00:03:14,840 --> 00:03:18,360 Speaker 3: around small planes flying short routes and that's where our. 66 00:03:18,280 --> 00:03:19,639 Speaker 2: Specialty is, that's what we do. 67 00:03:19,919 --> 00:03:22,000 Speaker 3: And if we could very simply, if you can make 68 00:03:22,040 --> 00:03:24,440 Speaker 3: smaller planes electric, a lot more people can afford him. 69 00:03:24,760 --> 00:03:27,640 Speaker 1: Yeah, and you've covered a lot of ground, which is 70 00:03:27,680 --> 00:03:31,880 Speaker 1: only fair for a company that flies everywhere. But I 71 00:03:31,919 --> 00:03:34,480 Speaker 1: want to dive into a couple of those things. One 72 00:03:34,520 --> 00:03:37,760 Speaker 1: of them is, you know, we're starting to hear about 73 00:03:37,760 --> 00:03:43,680 Speaker 1: this concept of regional air mobility, this ability to travel 74 00:03:43,840 --> 00:03:48,920 Speaker 1: to relatively short distances, far enough where driving would still 75 00:03:48,960 --> 00:03:52,280 Speaker 1: take several hours, but short enough so that smaller aircraft 76 00:03:52,320 --> 00:03:55,280 Speaker 1: can make that in a single leg as opposed to 77 00:03:55,360 --> 00:03:59,280 Speaker 1: multiple hops. And this approach to trying to make that 78 00:03:59,360 --> 00:04:03,960 Speaker 1: more accessible and also reduce carbon footprint makes a ton 79 00:04:04,000 --> 00:04:05,640 Speaker 1: of sense to me. It also comes in line with 80 00:04:05,680 --> 00:04:08,880 Speaker 1: some other business plans we've been hearing from with other 81 00:04:08,920 --> 00:04:12,520 Speaker 1: startups that are looking at even shorter distances right Like, 82 00:04:12,520 --> 00:04:14,840 Speaker 1: we're looking at companies that are starting up in the 83 00:04:14,880 --> 00:04:18,400 Speaker 1: space where they're using kind of the quad copter sort 84 00:04:18,400 --> 00:04:22,039 Speaker 1: of approach to take passengers from a centralized location to 85 00:04:22,120 --> 00:04:24,440 Speaker 1: the airport. To me, like, this is the next step 86 00:04:24,480 --> 00:04:27,680 Speaker 1: out from that. We're not talking about coast to coast travel, 87 00:04:27,720 --> 00:04:30,680 Speaker 1: but if I here in Atlanta, if I need to 88 00:04:30,720 --> 00:04:36,280 Speaker 1: get to Western Tennessee, well taking booking a big commercial 89 00:04:37,080 --> 00:04:40,760 Speaker 1: aircraft seat for that can seem like it's a bit overkill, 90 00:04:41,240 --> 00:04:43,760 Speaker 1: but it's still too far to make it a convenient 91 00:04:43,839 --> 00:04:45,560 Speaker 1: drive to get out there in a day, do some 92 00:04:45,640 --> 00:04:48,719 Speaker 1: business come back, or even just on a short weekend 93 00:04:48,800 --> 00:04:51,960 Speaker 1: trip if it's like a recreational thing. So I get 94 00:04:52,000 --> 00:04:55,240 Speaker 1: where the appeal is and I'm really excited to learn 95 00:04:55,279 --> 00:04:58,760 Speaker 1: more about this. At what point in the phase of 96 00:04:58,880 --> 00:05:01,680 Speaker 1: surf air where you start to look at this as 97 00:05:01,720 --> 00:05:05,159 Speaker 1: being the next step of kind of migrating toward this 98 00:05:05,279 --> 00:05:09,080 Speaker 1: approach of how can we enable regional mobility when we 99 00:05:09,160 --> 00:05:13,239 Speaker 1: have all these different airports that are underused or sometimes 100 00:05:13,240 --> 00:05:16,760 Speaker 1: they're just going dormant for a while because they're just 101 00:05:16,800 --> 00:05:19,600 Speaker 1: they're catering to like local pilots, and that's it. When 102 00:05:19,640 --> 00:05:22,160 Speaker 1: did you start really kind of ideating on this. 103 00:05:22,800 --> 00:05:25,360 Speaker 3: Yeah, it's a good question. And actually, and you covered 104 00:05:25,360 --> 00:05:27,800 Speaker 3: a lot of ground there too. I think that in 105 00:05:27,880 --> 00:05:30,839 Speaker 3: our case, unlike a lot of other people in the 106 00:05:30,880 --> 00:05:33,160 Speaker 3: space in the aviation of the airline space, in the 107 00:05:33,200 --> 00:05:35,479 Speaker 3: early days of surf air, we were one of the 108 00:05:35,520 --> 00:05:38,479 Speaker 3: few companies that was actually building a brand and a 109 00:05:38,520 --> 00:05:43,159 Speaker 3: consumer service around flying smaller airplanes. The industry at a 110 00:05:43,200 --> 00:05:45,359 Speaker 3: whole when they think about when they thought about the 111 00:05:45,400 --> 00:05:48,040 Speaker 3: new technology happening. So a couple of different trends are 112 00:05:48,040 --> 00:05:51,479 Speaker 3: coming together here. To your point, regional air mobility is 113 00:05:51,520 --> 00:05:53,560 Speaker 3: now something a lot of people are talking about. You'll 114 00:05:53,600 --> 00:05:57,039 Speaker 3: see NASA reports and McKinsey reports and kind of it's 115 00:05:57,200 --> 00:05:59,120 Speaker 3: sort of becoming a thing that that's where a lot 116 00:05:59,160 --> 00:06:01,480 Speaker 3: of the innovation in aviation is going to be for 117 00:06:01,520 --> 00:06:04,400 Speaker 3: the next decade or two. And it's sort of It 118 00:06:04,480 --> 00:06:07,560 Speaker 3: also is slightly in contrast to a line is being 119 00:06:07,640 --> 00:06:10,279 Speaker 3: drawn between urban air mobility and regional air mobility. So 120 00:06:10,279 --> 00:06:12,800 Speaker 3: when you talk about the quad copters and ev toll 121 00:06:12,920 --> 00:06:15,799 Speaker 3: and things like that going really short distances, that's really 122 00:06:16,040 --> 00:06:18,480 Speaker 3: that's being classified or will you know as urban air 123 00:06:18,480 --> 00:06:21,120 Speaker 3: mobility call it zero to fifty miles, and then you 124 00:06:21,120 --> 00:06:23,640 Speaker 3: look at regional air mobility fifty to five hundred miles. 125 00:06:24,880 --> 00:06:28,480 Speaker 3: The benefits of regional air mobility and why people believe 126 00:06:28,520 --> 00:06:31,160 Speaker 3: that will develop first would say is that we have, 127 00:06:31,320 --> 00:06:33,280 Speaker 3: particularly in this country, all of the infrastructure. 128 00:06:33,279 --> 00:06:34,040 Speaker 2: To another point you. 129 00:06:34,000 --> 00:06:37,440 Speaker 3: Made, there are actually five thousand airports that exist in 130 00:06:37,480 --> 00:06:40,440 Speaker 3: this country that can be used by charter operators in 131 00:06:40,600 --> 00:06:44,599 Speaker 3: real contrast, major commercial airlines, we're morphed over the last 132 00:06:44,640 --> 00:06:46,799 Speaker 3: couple of decades really more into a hub and spoke 133 00:06:46,839 --> 00:06:49,320 Speaker 3: model with larger planes and less deserving, less places, and 134 00:06:49,760 --> 00:06:52,520 Speaker 3: less point to point. You know, eighty percent of airline 135 00:06:52,520 --> 00:06:55,160 Speaker 3: traffic goes through thirty airports, and they may flex up 136 00:06:55,279 --> 00:06:57,320 Speaker 3: to two or three hundred for the other twenty percent. 137 00:06:58,560 --> 00:07:00,680 Speaker 3: We were already flying from airport. It's like that, Like 138 00:07:00,760 --> 00:07:02,640 Speaker 3: I'm sitting here talking to you today from our headquarters 139 00:07:02,680 --> 00:07:06,760 Speaker 3: at Hawthorne in California. Hawthorne Airport is a smaller, smaller airport. 140 00:07:06,760 --> 00:07:09,280 Speaker 3: You know, California alone is three hundred airports. There's probably 141 00:07:09,560 --> 00:07:13,000 Speaker 3: twelve airports within an hour drive of here. And because 142 00:07:13,000 --> 00:07:15,720 Speaker 3: we were already flying smaller aircraft and flying from airports 143 00:07:15,800 --> 00:07:21,000 Speaker 3: like that, when different companies were coming up with solutions 144 00:07:21,000 --> 00:07:25,920 Speaker 3: and electrification, new technology, new vehicles, we would really get 145 00:07:25,960 --> 00:07:27,600 Speaker 3: to see a lot of that first. We were fortunate 146 00:07:27,640 --> 00:07:28,920 Speaker 3: to see a lot of that as it was happening. 147 00:07:29,000 --> 00:07:30,800 Speaker 3: So to directly answer a question, when we start thinking 148 00:07:30,800 --> 00:07:33,080 Speaker 3: about this, we've been following the trend of kind of 149 00:07:33,440 --> 00:07:35,800 Speaker 3: where the space is going. Given that we are in 150 00:07:35,840 --> 00:07:39,239 Speaker 3: fact today we are the largest commuter airline in the US, 151 00:07:39,400 --> 00:07:42,400 Speaker 3: and the commuter air category is really the category that 152 00:07:43,440 --> 00:07:46,160 Speaker 3: would be defined as the business model that would enable 153 00:07:46,200 --> 00:07:49,880 Speaker 3: regional airmobility. It's flying small planes frequently like an airline. 154 00:07:50,320 --> 00:07:54,840 Speaker 3: So we're the biggest brand in that space, and hence 155 00:07:54,880 --> 00:07:57,520 Speaker 3: we saw a lot of things first. Whereas large airlines 156 00:07:57,560 --> 00:08:00,000 Speaker 3: would really look at small electric airplanes as a sign 157 00:08:00,120 --> 00:08:02,160 Speaker 3: project on their way to big ones, it wasn't a 158 00:08:02,160 --> 00:08:04,160 Speaker 3: real commercial use case there. So we were kind of 159 00:08:04,200 --> 00:08:07,680 Speaker 3: in a really unique position to be able to We 160 00:08:07,680 --> 00:08:09,200 Speaker 3: think we're in a unique position to be able to 161 00:08:09,240 --> 00:08:10,920 Speaker 3: lead the charge here well. 162 00:08:11,000 --> 00:08:16,000 Speaker 1: And with that established infrastructure there, it sets it apart 163 00:08:16,080 --> 00:08:20,880 Speaker 1: from other potential solutions that would require massive investment in 164 00:08:20,920 --> 00:08:23,760 Speaker 1: building out infrastructure. I'm thinking of things like all the 165 00:08:23,840 --> 00:08:28,560 Speaker 1: various sort of blue sky rail initiatives that have been 166 00:08:28,640 --> 00:08:31,840 Speaker 1: pushed around, and I love the concept of rail initiatives, 167 00:08:31,840 --> 00:08:35,160 Speaker 1: but if you're being realistic and you're thinking about the 168 00:08:35,200 --> 00:08:37,320 Speaker 1: amount of time and money that's going to be required 169 00:08:37,360 --> 00:08:40,760 Speaker 1: for that to happen, and you are really realistic and 170 00:08:40,800 --> 00:08:43,400 Speaker 1: you start talking about the political buy in that has 171 00:08:43,440 --> 00:08:46,640 Speaker 1: to happen for that to work, and then we recognize 172 00:08:46,679 --> 00:08:49,120 Speaker 1: that every few years we change our political leaders, and 173 00:08:49,400 --> 00:08:54,280 Speaker 1: so consistency is difficult. Having that infrastructure there is so valuable. 174 00:08:54,520 --> 00:08:57,520 Speaker 1: I think it's impossible to overstate how valuable it is 175 00:08:57,559 --> 00:09:01,720 Speaker 1: that these airports already exist. So that problem has been solved. 176 00:09:02,080 --> 00:09:05,600 Speaker 1: Now it's the question of can you have the capacity 177 00:09:05,800 --> 00:09:08,960 Speaker 1: to meet demand, can you find the price point that 178 00:09:09,000 --> 00:09:12,680 Speaker 1: works for the customer, and can you have that be 179 00:09:12,960 --> 00:09:15,920 Speaker 1: a business plan that ultimately results in profitability. 180 00:09:16,240 --> 00:09:18,640 Speaker 3: I think that's exactly right. I mean, look, we say 181 00:09:18,640 --> 00:09:21,640 Speaker 3: that to really build out the regional ammability landscape, and 182 00:09:22,160 --> 00:09:23,880 Speaker 3: you need a couple of like there's a couple of 183 00:09:23,920 --> 00:09:26,559 Speaker 3: key things you need for success. You actually need a 184 00:09:26,600 --> 00:09:30,640 Speaker 3: brand and a platform that consumers trust and that operators 185 00:09:30,679 --> 00:09:33,920 Speaker 3: are able to fly for. So what we're trying to 186 00:09:33,960 --> 00:09:37,520 Speaker 3: do here we don't just want to continue to build 187 00:09:37,559 --> 00:09:40,800 Speaker 3: a huge single airline in the space. We actually have 188 00:09:41,000 --> 00:09:43,480 Speaker 3: a platform and a brand today where we have a 189 00:09:43,559 --> 00:09:46,440 Speaker 3: number of third party operators that fly for us. We 190 00:09:46,480 --> 00:09:49,360 Speaker 3: want to deploy electric airplanes across all of them, not 191 00:09:49,480 --> 00:09:54,160 Speaker 3: just for ourselves, and the first wave of electrification which 192 00:09:54,200 --> 00:09:57,920 Speaker 3: will significantly reduce costs as well. We're actually electrifying an 193 00:09:57,920 --> 00:10:02,600 Speaker 3: airplane called the Cessna caravan. We're working with Cessna the 194 00:10:02,600 --> 00:10:06,160 Speaker 3: manufacturer and to do so, but we're going to own 195 00:10:06,160 --> 00:10:09,200 Speaker 3: the ip around it. But it's a we're built. We're 196 00:10:09,240 --> 00:10:12,320 Speaker 3: creating both a fully electric and a hybrid electric powertrain 197 00:10:12,360 --> 00:10:15,120 Speaker 3: for the Cessna Caravan. And what's really important about the 198 00:10:15,200 --> 00:10:18,760 Speaker 3: hybrid particularly is to the point you were making about 199 00:10:18,760 --> 00:10:22,319 Speaker 3: all the existing infrastructure, the hybrid Sessna Caravan will work. 200 00:10:22,559 --> 00:10:24,440 Speaker 3: Think like the early days of the Prius. The combustion 201 00:10:24,520 --> 00:10:27,080 Speaker 3: motor charge is the battery, so you actually don't need 202 00:10:27,240 --> 00:10:29,480 Speaker 3: charging stations to be set up at all of these airports. 203 00:10:29,520 --> 00:10:32,120 Speaker 3: You don't need any infrastructure upgrades across all of these 204 00:10:32,120 --> 00:10:34,760 Speaker 3: airports to be able to use it. So we live 205 00:10:34,760 --> 00:10:36,720 Speaker 3: in a country today where all of these airports exist. 206 00:10:37,559 --> 00:10:40,440 Speaker 3: A number of airplanes exist which can be converted over 207 00:10:40,559 --> 00:10:43,800 Speaker 3: to more efficient and modern powertrains hybrid electric, fully electric, 208 00:10:43,800 --> 00:10:47,080 Speaker 3: et cetera. Based on the mission, hybrid electric can actually 209 00:10:47,120 --> 00:10:49,720 Speaker 3: save twenty five percent of the operating cost, which makes 210 00:10:49,720 --> 00:10:53,800 Speaker 3: it which is a huge number in aviation world, and 211 00:10:54,080 --> 00:10:56,360 Speaker 3: fully electric can save up to fifty percent of the cost, 212 00:10:56,440 --> 00:10:58,880 Speaker 3: but will initially be focused on much on shorter routes 213 00:10:58,880 --> 00:10:59,920 Speaker 3: one hundred miles and less. 214 00:11:00,720 --> 00:11:02,880 Speaker 1: We're going to take a quick break and then we'll 215 00:11:02,880 --> 00:11:15,200 Speaker 1: be back to talk more about surf air mobility. I 216 00:11:15,240 --> 00:11:19,040 Speaker 1: really wanted to talk to you, Sodent about the electrification process, 217 00:11:19,080 --> 00:11:21,360 Speaker 1: because that's to me one of the really exciting things 218 00:11:21,360 --> 00:11:24,439 Speaker 1: about this. I mean, one, opening up accessibility to more 219 00:11:24,440 --> 00:11:26,560 Speaker 1: people so that they're able to take advantage of this 220 00:11:27,080 --> 00:11:30,960 Speaker 1: kind of travel. I'm really excited about that as well, 221 00:11:31,520 --> 00:11:36,880 Speaker 1: especially in lieu of methods of getting from place to 222 00:11:36,920 --> 00:11:39,679 Speaker 1: place when you're talking in that like fifty to five 223 00:11:39,760 --> 00:11:44,760 Speaker 1: hundred mile range. But can you kind of talk me 224 00:11:44,800 --> 00:11:51,480 Speaker 1: through this electrification process? Are you both looking into retrofitting 225 00:11:51,520 --> 00:11:56,400 Speaker 1: existing aircraft with new electric powertrain systems or hybrid powertrain systems. 226 00:11:57,200 --> 00:12:00,640 Speaker 1: Are you also looking at maybe partnering with companies that 227 00:12:00,679 --> 00:12:04,760 Speaker 1: would be building purpose built electric planes. What's your approach? 228 00:12:05,800 --> 00:12:09,839 Speaker 3: Yeah, it's a good question, and actually it's funny here 229 00:12:09,880 --> 00:12:12,880 Speaker 3: here at our business, I try to have everyone use 230 00:12:12,920 --> 00:12:14,200 Speaker 3: the word upgrading. 231 00:12:13,840 --> 00:12:14,800 Speaker 2: Rather than retrofitting. 232 00:12:15,000 --> 00:12:16,760 Speaker 1: Okay, no, taken. 233 00:12:17,120 --> 00:12:19,080 Speaker 3: So we think the first thing that you can do 234 00:12:19,160 --> 00:12:21,680 Speaker 3: to make the biggest impact is actually take an existing 235 00:12:21,720 --> 00:12:25,320 Speaker 3: airframe where there is wide distribution of it already, and 236 00:12:25,679 --> 00:12:28,520 Speaker 3: upgrade that to being a hybrid or fully electric powertrain. 237 00:12:29,200 --> 00:12:31,440 Speaker 3: If you think about just the life cycle of an airplane, 238 00:12:31,440 --> 00:12:34,240 Speaker 3: people keep airplanes or airplanes stay in service twenty five 239 00:12:34,320 --> 00:12:38,959 Speaker 3: thirty years. However, there's a moment, depending on the utilization 240 00:12:39,040 --> 00:12:41,200 Speaker 3: of the operator, call it every three to five years, 241 00:12:41,200 --> 00:12:42,719 Speaker 3: where they have to do a full overhaul of the 242 00:12:42,760 --> 00:12:46,080 Speaker 3: combustion engine, and that's a moment where they could replace 243 00:12:46,080 --> 00:12:48,400 Speaker 3: it with an electric engine, which is a way to 244 00:12:48,440 --> 00:12:51,880 Speaker 3: get faster adoption across a much larger category. So we're 245 00:12:51,920 --> 00:12:55,439 Speaker 3: starting with the first thing we're doing is in electric 246 00:12:55,480 --> 00:12:59,120 Speaker 3: and a hybrid powertrain for the Cessna Caravan. Cessna Caravan 247 00:12:59,320 --> 00:13:01,840 Speaker 3: is a great airplane. It's been around for a long time. 248 00:13:01,880 --> 00:13:05,240 Speaker 3: There's over three thousand of them out there. We are 249 00:13:05,320 --> 00:13:08,960 Speaker 3: actually the largest passenger operator, we believe, of the Caravan 250 00:13:09,000 --> 00:13:14,160 Speaker 3: in the US, and these powertrains will be both marketed 251 00:13:14,200 --> 00:13:16,800 Speaker 3: to existing owners that existing fleet out there, where when 252 00:13:16,840 --> 00:13:19,679 Speaker 3: it comes time for an engine overhaul, the goal is 253 00:13:19,720 --> 00:13:23,040 Speaker 3: to have them be able to upgrade to a hybrid 254 00:13:23,120 --> 00:13:25,520 Speaker 3: or an electric powertrain for a similar prices it would 255 00:13:25,520 --> 00:13:28,120 Speaker 3: cost them to overhaul a combustion engine and instantly start 256 00:13:28,120 --> 00:13:32,360 Speaker 3: seeing the cost and the emissions benefits Additionally, Cessna will 257 00:13:32,400 --> 00:13:36,560 Speaker 3: be selling new versions of the airplane basically with an 258 00:13:36,600 --> 00:13:39,920 Speaker 3: electric version and a hybrid version for new buyers. And 259 00:13:39,960 --> 00:13:42,680 Speaker 3: there's a pretty broad range of potential customers for the caravan. 260 00:13:42,720 --> 00:13:46,040 Speaker 3: It's passenger operators like us, it's cargo, it's military, etc. 261 00:13:46,280 --> 00:13:49,120 Speaker 3: There's a number of use cases. So that's the first 262 00:13:49,280 --> 00:13:53,640 Speaker 3: the electrification project we're doing. Will we do intend in 263 00:13:53,679 --> 00:13:56,600 Speaker 3: the future to work with other airplane types with kind 264 00:13:56,640 --> 00:13:59,200 Speaker 3: of our proprietary technology, of course, and we also intend 265 00:13:59,200 --> 00:14:01,760 Speaker 3: to work with there's a lot of amazing and ambitious 266 00:14:01,760 --> 00:14:04,680 Speaker 3: projects for people who are building clean sheet design airframes, 267 00:14:04,800 --> 00:14:07,720 Speaker 3: lighter airframes so on, that are purpose built for electric engines, 268 00:14:08,440 --> 00:14:10,280 Speaker 3: and a lot of them are building their own electric 269 00:14:10,320 --> 00:14:13,679 Speaker 3: engines in those cases, and we intend to work with 270 00:14:14,000 --> 00:14:17,360 Speaker 3: companies like that too to plug into our platform. As 271 00:14:17,400 --> 00:14:18,880 Speaker 3: I mentioned, you know, we have a brand in a 272 00:14:18,920 --> 00:14:20,960 Speaker 3: platform which we have our own fleet, and we've got 273 00:14:20,960 --> 00:14:23,280 Speaker 3: a number of other operators that fly within the platform, 274 00:14:23,720 --> 00:14:25,760 Speaker 3: and we would like to provide people with the best 275 00:14:25,760 --> 00:14:27,560 Speaker 3: aircraft for the best use case. So if there's a 276 00:14:27,600 --> 00:14:30,560 Speaker 3: great new clean sheet design aircraft that comes to market, 277 00:14:30,600 --> 00:14:32,200 Speaker 3: we'd like to be the one to help distribute that 278 00:14:32,240 --> 00:14:34,720 Speaker 3: and commercialize it too. Wow, so we will in the 279 00:14:34,720 --> 00:14:36,120 Speaker 3: long run have a range of products. 280 00:14:36,200 --> 00:14:36,400 Speaker 2: Yeah. 281 00:14:36,440 --> 00:14:38,680 Speaker 1: It makes me think of some of the sort of 282 00:14:38,880 --> 00:14:41,640 Speaker 1: the big displays we saw where you had things like 283 00:14:41,680 --> 00:14:44,600 Speaker 1: the solar powered plane that made the journey around the world, 284 00:14:44,680 --> 00:14:46,280 Speaker 1: and you realize, all right, well, this is not to 285 00:14:46,320 --> 00:14:49,760 Speaker 1: show some sort of practical use for an aircraft. This 286 00:14:49,840 --> 00:14:52,520 Speaker 1: is not an aircraft that's going to take you, you know, 287 00:14:52,640 --> 00:14:55,400 Speaker 1: from one city to another. But what it does start 288 00:14:55,400 --> 00:14:59,720 Speaker 1: to show is potential for various technologies to be incorporated 289 00:14:59,800 --> 00:15:03,960 Speaker 1: in real world applications. And it's exciting to talk to 290 00:15:04,000 --> 00:15:07,200 Speaker 1: someone at a company where you're actually kind of doing that, 291 00:15:07,320 --> 00:15:11,360 Speaker 1: where you're using this upgrade approach. And I love creating 292 00:15:11,360 --> 00:15:15,040 Speaker 1: that incentive as well, the upgrade incentive where you know, 293 00:15:15,200 --> 00:15:18,400 Speaker 1: for a similar price you can swap out the powertrain 294 00:15:18,480 --> 00:15:21,360 Speaker 1: for your aircraft and you know that you're going to 295 00:15:21,400 --> 00:15:26,000 Speaker 1: be incurring lower costs down the line. One of the 296 00:15:26,040 --> 00:15:29,120 Speaker 1: things that I think is really interesting is in the 297 00:15:29,160 --> 00:15:33,440 Speaker 1: auto manufacturing space. We've heard time and again from manufacturers 298 00:15:33,440 --> 00:15:37,920 Speaker 1: that changing from internal combustion engine vehicles to electric vehicles 299 00:15:38,440 --> 00:15:41,160 Speaker 1: ends up simplifying things a great deal, both on the 300 00:15:41,160 --> 00:15:45,640 Speaker 1: manufacturing and fabrication side and in the maintenance side, because 301 00:15:46,560 --> 00:15:52,680 Speaker 1: the systems themselves are inherently less complex than your traditional 302 00:15:52,720 --> 00:15:56,240 Speaker 1: fuel powered engines are. So is the same thing true 303 00:15:56,280 --> 00:15:57,600 Speaker 1: with aircraft. 304 00:15:57,960 --> 00:16:00,760 Speaker 3: Yeah, absolutely so. Think about you know, electric motors are 305 00:16:00,800 --> 00:16:05,080 Speaker 3: much simpler. What we're doing is designing and assembling electric powertrains, 306 00:16:05,080 --> 00:16:08,400 Speaker 3: which are a combination of motors, battery packs, a layer 307 00:16:08,400 --> 00:16:10,880 Speaker 3: of control software you wrap around them. In the case 308 00:16:10,920 --> 00:16:14,200 Speaker 3: of the hybrid, you're also adding a smaller, more efficient 309 00:16:14,240 --> 00:16:18,480 Speaker 3: combustion motor that helps charge the battery. And given that 310 00:16:18,520 --> 00:16:20,800 Speaker 3: there's also a real software layer that wraps around this 311 00:16:20,880 --> 00:16:24,720 Speaker 3: and then integrates into the aircraft, the aid the hardware 312 00:16:24,760 --> 00:16:27,160 Speaker 3: is all cheaper to maintain than the existing combustion engine, 313 00:16:27,680 --> 00:16:32,360 Speaker 3: and b the ability to continuously evolve and upgrade the powertrain, 314 00:16:32,720 --> 00:16:34,960 Speaker 3: similar to what you've seen with electric cars or other 315 00:16:35,000 --> 00:16:37,800 Speaker 3: kind of systems, where where an operator that takes an 316 00:16:37,800 --> 00:16:40,120 Speaker 3: electrified powertrain from US will have they'll have that one 317 00:16:40,120 --> 00:16:43,080 Speaker 3: time fee to install it. There'll be an ongoing relationship 318 00:16:43,120 --> 00:16:45,080 Speaker 3: with them, which is not just about basic maintenance. It's 319 00:16:45,080 --> 00:16:49,680 Speaker 3: also about constant aircraft health monitoring, predictive maintenance upgrading, kind 320 00:16:49,720 --> 00:16:52,240 Speaker 3: of as batteries get to next generations and evolve like 321 00:16:52,240 --> 00:16:54,480 Speaker 3: the product will continue to evolve, So you may see 322 00:16:54,480 --> 00:16:56,920 Speaker 3: an electric aircraft with a fully electric aircraft with an 323 00:16:56,960 --> 00:17:00,120 Speaker 3: initial initial range of one hundred miles that at and 324 00:17:00,120 --> 00:17:01,880 Speaker 3: get upgraded to go two hundred miles at some point 325 00:17:01,920 --> 00:17:02,440 Speaker 3: in the future. 326 00:17:02,920 --> 00:17:06,119 Speaker 1: Yeah, it blows my mind too, because I'm from I'm 327 00:17:06,200 --> 00:17:10,640 Speaker 1: old enough where the idea of something like the equivalent 328 00:17:10,680 --> 00:17:14,320 Speaker 1: of a firmware upgrade to a vehicle is a completely 329 00:17:14,440 --> 00:17:16,879 Speaker 1: foreign concept to me, because I think back to my 330 00:17:16,960 --> 00:17:22,440 Speaker 1: childhood and the computerized systems and vehicles were very primitive 331 00:17:22,440 --> 00:17:24,920 Speaker 1: and very limited. You're talking about bunch of micro controllers 332 00:17:24,960 --> 00:17:27,440 Speaker 1: that don't even really talk to each other. And now 333 00:17:27,480 --> 00:17:30,000 Speaker 1: we're in a world where we have a lot more 334 00:17:30,040 --> 00:17:34,800 Speaker 1: interconnected systems, where because we have that capability, it opens 335 00:17:34,880 --> 00:17:40,160 Speaker 1: up opportunities that we can't even necessarily conceptualize right now. 336 00:17:40,359 --> 00:17:42,720 Speaker 1: Right it may be that three years down the line 337 00:17:42,840 --> 00:17:45,480 Speaker 1: we realize, oh, we can leverage this because we've built 338 00:17:45,480 --> 00:17:49,359 Speaker 1: it into the vehicle to deliver some new features that 339 00:17:49,520 --> 00:17:53,240 Speaker 1: end up being huge improvement of quality of life or 340 00:17:53,920 --> 00:17:58,200 Speaker 1: much more effective for the maintenance and care of aircraft 341 00:17:58,480 --> 00:18:01,719 Speaker 1: or the operation of those aircraft. To me, that's another 342 00:18:01,840 --> 00:18:04,879 Speaker 1: really exciting thing about this approach, And of course that 343 00:18:04,920 --> 00:18:09,800 Speaker 1: doesn't necessarily just limit itself to electrified vehicles, but it's 344 00:18:09,880 --> 00:18:11,720 Speaker 1: kind of in line with that too, where we're talking 345 00:18:11,760 --> 00:18:15,359 Speaker 1: about this you know, integrated package where it's not just 346 00:18:15,800 --> 00:18:20,159 Speaker 1: the drive train, it's the entire system, the control system, 347 00:18:20,160 --> 00:18:22,920 Speaker 1: and everything that's wrapped around of the software that enables 348 00:18:22,960 --> 00:18:26,640 Speaker 1: everything as well. And I had read up on an 349 00:18:26,680 --> 00:18:30,320 Speaker 1: interesting thing about electric planes, because if you've ever ridden 350 00:18:30,359 --> 00:18:33,199 Speaker 1: an electric vehicle, you know that they operate at a 351 00:18:33,240 --> 00:18:37,560 Speaker 1: much quieter noise level than an internal combustion engine vehicle. 352 00:18:38,080 --> 00:18:40,479 Speaker 1: The interesting thing with electric planes is that they do 353 00:18:40,520 --> 00:18:46,680 Speaker 1: operate more quietly than your typical fuel driven aircraft. But propellers, 354 00:18:46,920 --> 00:18:51,359 Speaker 1: you know, turboprops make noise, and if you're in an 355 00:18:51,400 --> 00:18:56,240 Speaker 1: aircraft that's being powered by a fueled engine, chances are 356 00:18:56,240 --> 00:18:59,080 Speaker 1: the engine noises are actually drowning out anything from the propellers. 357 00:18:59,080 --> 00:19:01,400 Speaker 1: You're not hearing them unless you're maybe sitting up there 358 00:19:01,400 --> 00:19:05,760 Speaker 1: with a pilot. But in electric planes there's less to 359 00:19:06,040 --> 00:19:09,280 Speaker 1: mask that. So I'm curious, what are you looking into 360 00:19:09,760 --> 00:19:13,520 Speaker 1: as far as ways to mitigate propeller noise? In order 361 00:19:13,560 --> 00:19:17,600 Speaker 1: to make sure you're not impacting the passenger experience too much. 362 00:19:18,119 --> 00:19:21,000 Speaker 3: So in the world of building aircraft, there's the airframe 363 00:19:21,040 --> 00:19:25,199 Speaker 3: manufacturer and there's the powertrain, which, unlike ours, those were 364 00:19:25,240 --> 00:19:27,040 Speaker 3: actually separated a long time ago, which is why our 365 00:19:27,040 --> 00:19:29,280 Speaker 3: business model is survivable to be in the powertrain space. 366 00:19:29,960 --> 00:19:33,199 Speaker 3: I would say the airframe manufacturers are actually doing a 367 00:19:33,240 --> 00:19:38,080 Speaker 3: lot of interesting things like adding blades to propellers, curve propellers, 368 00:19:38,119 --> 00:19:41,720 Speaker 3: things like that to mitigate noise. I'm not sure if 369 00:19:41,720 --> 00:19:45,560 Speaker 3: the propeller noise gets louder, if the engine noise gets softer, 370 00:19:45,840 --> 00:19:48,480 Speaker 3: I get the relative comparison. I'm not sure there's been 371 00:19:48,600 --> 00:19:50,880 Speaker 3: enough electric planes flown around to kind of prove that out, 372 00:19:50,920 --> 00:19:55,240 Speaker 3: so reserve judgment on that. But certainly there are enhancements 373 00:19:55,280 --> 00:19:58,879 Speaker 3: being made on with propellers to make them quieter, and 374 00:19:58,960 --> 00:20:02,000 Speaker 3: certainly the goal of electrified aircraft. We're not suggesting that 375 00:20:02,040 --> 00:20:05,360 Speaker 3: electrified aircraft will be silent, but certainly the goals are 376 00:20:05,400 --> 00:20:07,399 Speaker 3: to reduce noise levels because to your point, you know, 377 00:20:07,400 --> 00:20:10,040 Speaker 3: there's all of these airports that can be accessed, and 378 00:20:10,359 --> 00:20:12,439 Speaker 3: reducing noise levels to be able to get in and 379 00:20:12,480 --> 00:20:15,240 Speaker 3: out of ones in more crowded residential areas would be 380 00:20:15,240 --> 00:20:16,440 Speaker 3: an extremely helpful. 381 00:20:16,160 --> 00:20:20,800 Speaker 1: Thing, right, right, Because we're also hearing onlike the crazy 382 00:20:21,240 --> 00:20:24,720 Speaker 1: ultra lux side of aircraft, all these companies that are 383 00:20:24,760 --> 00:20:30,320 Speaker 1: struggling or trying to become hypersonic aircraft companies, and they're 384 00:20:30,359 --> 00:20:33,440 Speaker 1: trying to suggest, oh, well, we're designing aircraft that's going 385 00:20:33,480 --> 00:20:37,520 Speaker 1: to minimize or even eliminate sonic booms. I'm not a physicist, 386 00:20:37,680 --> 00:20:39,880 Speaker 1: but I have a real hard time believing that based 387 00:20:39,960 --> 00:20:43,080 Speaker 1: upon how air works. But I hear about that, and 388 00:20:43,119 --> 00:20:46,360 Speaker 1: I'm like, oh, yeah, finding ways to minimize noise so 389 00:20:46,400 --> 00:20:48,679 Speaker 1: that you are not a nuisance to the community. I mean, 390 00:20:48,760 --> 00:20:53,200 Speaker 1: especially if we're looking at utilizing these various airports, these 391 00:20:53,240 --> 00:20:57,800 Speaker 1: regional airports at a higher rate, then it stands to 392 00:20:57,840 --> 00:21:00,000 Speaker 1: reason that you, if you want to do good business, 393 00:21:00,280 --> 00:21:03,040 Speaker 1: you have to take that into consideration as well. 394 00:21:03,480 --> 00:21:06,159 Speaker 3: And everything about our model we talk about wanting to 395 00:21:06,160 --> 00:21:08,879 Speaker 3: sustainably connect the world's communities. Like the idea is how 396 00:21:08,960 --> 00:21:11,479 Speaker 3: we create value in a community. We would like to 397 00:21:11,560 --> 00:21:13,480 Speaker 3: create more jobs in that community. We'd like to have 398 00:21:13,920 --> 00:21:17,880 Speaker 3: people who live there be able to move around quicker, faster, cheaper, 399 00:21:18,640 --> 00:21:21,600 Speaker 3: ideally quieter. Yeah, as well, and not sit in traffic 400 00:21:21,600 --> 00:21:22,320 Speaker 3: for four hours. 401 00:21:22,600 --> 00:21:26,359 Speaker 1: Yeah, yeah, I mean it opens up opportunities that otherwise 402 00:21:26,520 --> 00:21:30,680 Speaker 1: just are very difficult to realize because just because the 403 00:21:30,680 --> 00:21:33,000 Speaker 1: physical realities of getting around in the world and that, 404 00:21:33,440 --> 00:21:35,840 Speaker 1: you know, we have to come to the conclusion that 405 00:21:35,880 --> 00:21:39,479 Speaker 1: there are certain things that are just more effective to 406 00:21:39,480 --> 00:21:44,600 Speaker 1: do in person. Podcasts arguably are one of them. But yeah, 407 00:21:44,680 --> 00:21:47,959 Speaker 1: and having those opportunities to do that without having to 408 00:21:48,080 --> 00:21:51,520 Speaker 1: dedicate half a day of travel to get there or 409 00:21:52,040 --> 00:21:54,880 Speaker 1: to navigate through a busy airport, especially if you're talking 410 00:21:54,880 --> 00:21:57,159 Speaker 1: about the ability to get to a regional airport that 411 00:21:57,240 --> 00:21:59,800 Speaker 1: might be closer to your final destination as opposed to 412 00:21:59,800 --> 00:22:02,120 Speaker 1: fly into a major city and then having to drive 413 00:22:02,160 --> 00:22:05,879 Speaker 1: another three hours to get to wherever you're headed. I 414 00:22:05,920 --> 00:22:09,480 Speaker 1: can really see the value proposition there. We're going to 415 00:22:09,520 --> 00:22:11,760 Speaker 1: take another quick break, but we'll be right back to 416 00:22:11,800 --> 00:22:23,639 Speaker 1: talk a little bit more about surf air mobility. So 417 00:22:23,720 --> 00:22:25,919 Speaker 1: what are we looking at as far as timelines go? 418 00:22:26,080 --> 00:22:29,879 Speaker 1: How are you you know, what's what's your your plan? Like? 419 00:22:29,920 --> 00:22:33,480 Speaker 1: Where are you looking at at where people might realistically 420 00:22:33,520 --> 00:22:38,480 Speaker 1: expect to start seeing surf air service start popping up 421 00:22:38,600 --> 00:22:42,359 Speaker 1: in places beyond you know, obviously been operating in California 422 00:22:42,440 --> 00:22:44,440 Speaker 1: for years, but beyond there. 423 00:22:45,119 --> 00:22:47,800 Speaker 3: Yeah, so you know, as part of so we recently 424 00:22:47,920 --> 00:22:51,840 Speaker 3: acquired a company called Southern Areas as well. And you know, 425 00:22:51,880 --> 00:22:54,679 Speaker 3: we have operations in Hawaii, we have operations in California. 426 00:22:55,000 --> 00:22:57,960 Speaker 3: We actually operate in various routes around the country where 427 00:22:57,960 --> 00:23:00,880 Speaker 3: we fly through under a program called the Essential Air 428 00:23:00,880 --> 00:23:04,000 Speaker 3: Service Program, flying to communities that don't have much air service. 429 00:23:05,119 --> 00:23:08,520 Speaker 3: And we have recently built out an on demand short 430 00:23:08,560 --> 00:23:13,280 Speaker 3: regional kind of charter platform, more more efficient fly tover 431 00:23:13,359 --> 00:23:17,360 Speaker 3: prop versus a jet or flying you know, and that's 432 00:23:17,400 --> 00:23:19,959 Speaker 3: a national platform too, so you do have surfair in 433 00:23:20,000 --> 00:23:23,479 Speaker 3: some form across a lot of the country. We are 434 00:23:23,520 --> 00:23:26,640 Speaker 3: going to continue to scale that with combustion airplanes, always 435 00:23:26,680 --> 00:23:28,600 Speaker 3: focusing on the most fuel efficient airplanes and so on 436 00:23:28,680 --> 00:23:31,679 Speaker 3: as part of our mission of green aviation until we 437 00:23:31,720 --> 00:23:35,080 Speaker 3: start to deploy electrified airplanes, which we intend to do 438 00:23:35,480 --> 00:23:37,840 Speaker 3: starting the beginning of twenty twenty six. So we're going 439 00:23:37,880 --> 00:23:41,080 Speaker 3: through a certification process now of you know, we've already 440 00:23:41,119 --> 00:23:44,000 Speaker 3: had a demonstration of the technology and we're now going 441 00:23:44,040 --> 00:23:45,360 Speaker 3: through a certification process. 442 00:23:45,680 --> 00:23:49,719 Speaker 1: Excellent, Yeah, and has anything surprised you along this journey, 443 00:23:49,760 --> 00:23:54,320 Speaker 1: things that you've learned that perhaps were counterintuitive, or something 444 00:23:54,320 --> 00:23:57,680 Speaker 1: that really delights you as you were working towards this goal. 445 00:24:00,200 --> 00:24:01,879 Speaker 3: I mean, I mean, how long have you got like 446 00:24:02,040 --> 00:24:06,199 Speaker 3: a surprise every day? Look, I think one of the 447 00:24:06,240 --> 00:24:08,640 Speaker 3: things that's been that it's been great as we think 448 00:24:08,640 --> 00:24:10,840 Speaker 3: about the path and the product line we're bringing out, 449 00:24:10,880 --> 00:24:12,879 Speaker 3: you know, we're very focused on I think I mentioned 450 00:24:12,880 --> 00:24:15,439 Speaker 3: to you that the hybrid electric is actually what we 451 00:24:15,440 --> 00:24:18,120 Speaker 3: think is being designed for kind of mass adoption here 452 00:24:18,160 --> 00:24:21,840 Speaker 3: within the caravan community, because the idea of the hybrid 453 00:24:21,880 --> 00:24:23,520 Speaker 3: electric is it's not going to it's going to not 454 00:24:23,600 --> 00:24:25,639 Speaker 3: need infrastructure on the ground, it's not going to have 455 00:24:26,080 --> 00:24:29,560 Speaker 3: really any range limitations as opposed to the fully electric 456 00:24:29,600 --> 00:24:32,919 Speaker 3: and so on. We are, however, going to launch the 457 00:24:32,960 --> 00:24:35,480 Speaker 3: fully electric first, and that's that's a different order than. 458 00:24:35,440 --> 00:24:36,400 Speaker 2: We'd originally thought about. 459 00:24:36,440 --> 00:24:38,280 Speaker 3: You know, when we were telling people building a hybrid plane, 460 00:24:38,680 --> 00:24:40,400 Speaker 3: they often say okay, great, and then like, when will 461 00:24:40,400 --> 00:24:42,760 Speaker 3: it be fully electric? Like that's the natural kind of 462 00:24:43,320 --> 00:24:46,360 Speaker 3: question that we get next. But the reality is we're 463 00:24:46,359 --> 00:24:50,080 Speaker 3: building an electric powertrain which has a hybrid variant, which 464 00:24:50,119 --> 00:24:51,880 Speaker 3: will be the more popular variant in the long run. 465 00:24:51,920 --> 00:24:54,320 Speaker 3: But it's but we are going to start with a 466 00:24:54,359 --> 00:24:56,439 Speaker 3: fully electric which I think we're really excited about. We 467 00:24:56,480 --> 00:24:58,639 Speaker 3: want to be I think our goal would be to 468 00:24:58,680 --> 00:25:02,040 Speaker 3: be the first to commercially eployee fully electric flight. And 469 00:25:02,320 --> 00:25:04,959 Speaker 3: we have a perfect use case for it in our 470 00:25:05,000 --> 00:25:07,040 Speaker 3: network in Hawaii where we have we fly a number 471 00:25:07,040 --> 00:25:08,919 Speaker 3: of short hops that fully electric flight could be. 472 00:25:09,200 --> 00:25:11,360 Speaker 2: That could be a launch showcase for example. 473 00:25:12,400 --> 00:25:15,120 Speaker 1: Yeah, I've had the luxury of visiting Hawaii a few 474 00:25:15,119 --> 00:25:17,560 Speaker 1: times and have taken some of those island hopper flights. 475 00:25:18,160 --> 00:25:21,480 Speaker 1: I could easily see that as being the perfect use 476 00:25:21,560 --> 00:25:26,919 Speaker 1: case to showcase the technology and it's a applicability. And 477 00:25:27,119 --> 00:25:30,560 Speaker 1: your comments on hybrid approach makes so much sense because 478 00:25:30,760 --> 00:25:33,400 Speaker 1: it didn't even occur to me that, of course, if 479 00:25:33,400 --> 00:25:35,960 Speaker 1: you were to go fully electric, then yes, we have 480 00:25:36,000 --> 00:25:38,840 Speaker 1: all these thousands of airports that are under used, perhaps 481 00:25:38,880 --> 00:25:41,639 Speaker 1: across the entire United States, but they don't necessarily have 482 00:25:41,680 --> 00:25:45,800 Speaker 1: the facility to be able to recharge a plane. It's 483 00:25:45,960 --> 00:25:50,080 Speaker 1: just like we are looking at the electric vehicle challenges 484 00:25:50,160 --> 00:25:52,680 Speaker 1: across the United States where yeah, you've got to build 485 00:25:52,760 --> 00:25:57,520 Speaker 1: that electric charging infrastructure or else people could potentially end 486 00:25:57,600 --> 00:25:59,960 Speaker 1: up running out of juice in the middle of nowhere. 487 00:26:00,200 --> 00:26:02,720 Speaker 1: That's one of those things that's a huge worry point 488 00:26:02,760 --> 00:26:05,159 Speaker 1: for a lot of consumers, right they don't want to 489 00:26:05,200 --> 00:26:07,919 Speaker 1: adopt electric because they worry about this, And until you 490 00:26:07,960 --> 00:26:11,840 Speaker 1: have the infrastructure, you can't really drive adoption of electric. 491 00:26:11,920 --> 00:26:14,240 Speaker 1: But then then you also have the flip side of 492 00:26:14,240 --> 00:26:16,959 Speaker 1: that problem. If you don't drive adoption of electric, then 493 00:26:16,960 --> 00:26:19,920 Speaker 1: there's very little incentive to build out the infrastructure, and 494 00:26:19,920 --> 00:26:22,440 Speaker 1: it becomes a chicken and egg problem. So I definitely 495 00:26:22,680 --> 00:26:24,600 Speaker 1: agree with you that I think the hybrid approach is 496 00:26:24,600 --> 00:26:28,040 Speaker 1: the one that ultimately makes the most sense and will 497 00:26:28,040 --> 00:26:31,080 Speaker 1: be the most popular because there will be some airports 498 00:26:31,320 --> 00:26:33,639 Speaker 1: where they just won't have the capacity to be able 499 00:26:33,680 --> 00:26:37,679 Speaker 1: to meet that electric charging demand, at least not in 500 00:26:37,920 --> 00:26:40,160 Speaker 1: the short term, perhaps in the mid or long term. 501 00:26:40,440 --> 00:26:43,040 Speaker 3: Absolutely no, we think hybrid will be a valuable product 502 00:26:43,080 --> 00:26:45,920 Speaker 3: and a valuable product globally for a long time to come. Yeah, 503 00:26:46,080 --> 00:26:49,640 Speaker 3: look at the use cases of caravans. There, there's cargo passenger, 504 00:26:49,640 --> 00:26:51,680 Speaker 3: there's a lot of international use cases. There's a number 505 00:26:51,680 --> 00:26:54,720 Speaker 3: of Sessa caravans in Africa and Asia. There's a lot 506 00:26:54,720 --> 00:26:57,600 Speaker 3: of places where the caravan. We think the hybrid will 507 00:26:57,600 --> 00:27:00,320 Speaker 3: be really valuable where which won't need any infrastructure. 508 00:26:59,800 --> 00:27:04,440 Speaker 1: Up right, and it's still following in that same path 509 00:27:04,600 --> 00:27:07,800 Speaker 1: as we're seeing with countries around the world pushing toward 510 00:27:07,840 --> 00:27:11,240 Speaker 1: electrification for land vehicles, and you're ahead of the game 511 00:27:11,280 --> 00:27:14,160 Speaker 1: on that when you're pushing for it for aircraft as well. 512 00:27:14,600 --> 00:27:18,400 Speaker 1: And to me, like that's a huge value proposition when 513 00:27:18,400 --> 00:27:23,240 Speaker 1: you're coming into talk to various countries or states or 514 00:27:23,280 --> 00:27:27,879 Speaker 1: regions and you're talking about the value of going with 515 00:27:27,880 --> 00:27:31,800 Speaker 1: a hybrid approach, when you're talking about things like climate, 516 00:27:31,880 --> 00:27:34,800 Speaker 1: you're talking about the local economy, all of those things 517 00:27:34,960 --> 00:27:37,760 Speaker 1: start to line up and it's I think we're looking 518 00:27:37,800 --> 00:27:44,040 Speaker 1: at a convergence of perfect timing and perfect environment to 519 00:27:44,200 --> 00:27:46,439 Speaker 1: have this kind of an approach to the business. So 520 00:27:46,480 --> 00:27:51,440 Speaker 1: I totally am jazzed by the mission statement for surf 521 00:27:51,480 --> 00:27:53,160 Speaker 1: Air in the direction you're pursuing. 522 00:27:53,680 --> 00:27:54,040 Speaker 2: Thank you. 523 00:27:54,359 --> 00:27:57,200 Speaker 1: Yeah, I selfishly, I'm really looking forward to twenty twenty 524 00:27:57,200 --> 00:27:59,760 Speaker 1: six when I can start looking at booking a flight 525 00:27:59,760 --> 00:28:02,280 Speaker 1: on one of these so I can experience it. I 526 00:28:02,320 --> 00:28:04,320 Speaker 1: mean in the luxury where I could do that just 527 00:28:04,480 --> 00:28:07,639 Speaker 1: to try it out, but also like the idea of 528 00:28:07,680 --> 00:28:10,680 Speaker 1: being able to do something to make these short hop 529 00:28:10,720 --> 00:28:16,320 Speaker 1: flights where otherwise I might not even consider traveling to 530 00:28:16,359 --> 00:28:19,000 Speaker 1: the place, even though there might be clear benefits to 531 00:28:19,040 --> 00:28:22,639 Speaker 1: traveling there. If I might need to record something with 532 00:28:22,760 --> 00:28:26,239 Speaker 1: someone who's maybe three hundred miles away, and that's too 533 00:28:26,320 --> 00:28:28,400 Speaker 1: far for me to worry about driving or for them 534 00:28:28,440 --> 00:28:31,199 Speaker 1: to worry about driving. But if I had an option 535 00:28:31,359 --> 00:28:34,840 Speaker 1: like this, then that suddenly becomes a viable possibility. And 536 00:28:35,200 --> 00:28:37,679 Speaker 1: you know, even in just my own personal case, it 537 00:28:37,720 --> 00:28:38,200 Speaker 1: makes sense. 538 00:28:38,720 --> 00:28:40,640 Speaker 3: And I think that's one of the core things that 539 00:28:40,680 --> 00:28:43,360 Speaker 3: they consider what we're doing. Like again, unlike the shift 540 00:28:43,440 --> 00:28:46,240 Speaker 3: to ev on the ground, the shift to electric in 541 00:28:46,280 --> 00:28:50,440 Speaker 3: the air, it really like it matters to customers in 542 00:28:50,480 --> 00:28:52,880 Speaker 3: a very different way as well. Of course, everyone wants. 543 00:28:52,640 --> 00:28:54,480 Speaker 2: To be more more green. 544 00:28:54,920 --> 00:28:57,479 Speaker 3: Really, that's the big point here is are actually creating 545 00:28:57,480 --> 00:28:59,480 Speaker 3: a whole new market and a whole new audience, a 546 00:28:59,480 --> 00:29:03,520 Speaker 3: whole new level of accessibility where because of the amount 547 00:29:03,520 --> 00:29:05,680 Speaker 3: you one can reduce cost, people who could never afford 548 00:29:05,760 --> 00:29:06,680 Speaker 3: to fly in small. 549 00:29:06,400 --> 00:29:07,800 Speaker 2: Planes will one day be able to. 550 00:29:08,600 --> 00:29:11,840 Speaker 3: Yeah, and that's the real consumer proposition here of regional 551 00:29:11,880 --> 00:29:12,840 Speaker 3: air mobility and so on. 552 00:29:12,880 --> 00:29:14,240 Speaker 2: It's like it's saying, you're. 553 00:29:14,120 --> 00:29:16,479 Speaker 3: Guysurely going to take people a lot of people up 554 00:29:16,520 --> 00:29:18,200 Speaker 3: from the ground into the air because it can now 555 00:29:18,240 --> 00:29:20,200 Speaker 3: be affordable for them to do so, Like they will 556 00:29:20,240 --> 00:29:23,280 Speaker 3: be able to get places cheaper and faster, more efficiently. 557 00:29:23,680 --> 00:29:27,320 Speaker 1: That's fantastic and it's so exciting to talk about, like 558 00:29:27,360 --> 00:29:30,360 Speaker 1: the combination of regional air mobility, which is already a 559 00:29:30,400 --> 00:29:34,160 Speaker 1: burgeoning kind of business area, and then the electrification on 560 00:29:34,160 --> 00:29:37,880 Speaker 1: the other side, you're putting them both together. It's really innovative. 561 00:29:38,000 --> 00:29:40,560 Speaker 1: And I was so excited when I was told that 562 00:29:40,600 --> 00:29:42,560 Speaker 1: I'd have the opportunity to speak with you about this 563 00:29:43,040 --> 00:29:45,240 Speaker 1: because again, like when I had first heard of surf air, 564 00:29:45,880 --> 00:29:49,440 Speaker 1: it was when you know, tech journalists were kind of 565 00:29:49,480 --> 00:29:52,440 Speaker 1: referencing it as like almost like ride hailing but for 566 00:29:52,640 --> 00:29:56,840 Speaker 1: small aircraft over in Silicon Valley, which wasn't even really 567 00:29:56,880 --> 00:30:00,000 Speaker 1: accurate back then, but that's kind of the narrative that developed. 568 00:30:00,760 --> 00:30:06,640 Speaker 1: But we're looking at something totally innovative and disruptive in 569 00:30:06,680 --> 00:30:10,120 Speaker 1: the best of ways, when you're looking at giving more 570 00:30:10,200 --> 00:30:14,880 Speaker 1: people that chance to take advantage of that mobility while 571 00:30:15,000 --> 00:30:20,000 Speaker 1: also doing so in a way that's environmentally responsible and 572 00:30:20,160 --> 00:30:23,200 Speaker 1: also making more use of this infrastructure that exists. And 573 00:30:23,760 --> 00:30:26,640 Speaker 1: it only has value if you use it. I think 574 00:30:26,640 --> 00:30:29,760 Speaker 1: of it kind of like Metcalf's law with networks, right, 575 00:30:29,840 --> 00:30:33,360 Speaker 1: the network is only useful. It's only valuable if you 576 00:30:33,400 --> 00:30:36,480 Speaker 1: have connections to it. Well, to me, like we're looking 577 00:30:36,520 --> 00:30:40,080 Speaker 1: at these this network of airports across the United States 578 00:30:40,360 --> 00:30:45,360 Speaker 1: and beyond, they would suddenly grow in usefulness as well 579 00:30:45,880 --> 00:30:49,320 Speaker 1: when they start getting more utility, more people flying in 580 00:30:49,360 --> 00:30:51,520 Speaker 1: and out of them. Then you start thinking about the 581 00:30:51,560 --> 00:30:54,880 Speaker 1: impact on local economies. It becomes this cascading ripple effect 582 00:30:54,880 --> 00:30:56,120 Speaker 1: that just gets really exciting. 583 00:30:56,520 --> 00:30:58,680 Speaker 3: Yeah, it's an amazing time to be in aviation. Actually, 584 00:30:58,880 --> 00:31:00,480 Speaker 3: I think the next couple of days, kids are going 585 00:31:00,560 --> 00:31:04,360 Speaker 3: to see a real next shift, like people call it 586 00:31:04,360 --> 00:31:06,880 Speaker 3: the Third Revolution and aviation, where you had like the turboprop, 587 00:31:06,880 --> 00:31:08,240 Speaker 3: then you had the jet engine, and now you're going 588 00:31:08,280 --> 00:31:09,960 Speaker 3: to have like the small electric airplane. 589 00:31:10,080 --> 00:31:13,120 Speaker 1: Yeah, it's fascinating to look at sort of the circular 590 00:31:13,240 --> 00:31:16,320 Speaker 1: nature of that and how the things we learn from 591 00:31:16,320 --> 00:31:19,000 Speaker 1: one era can then be applied to the next one 592 00:31:19,120 --> 00:31:23,240 Speaker 1: along with innovations in other areas. I can't wait to 593 00:31:23,360 --> 00:31:26,440 Speaker 1: see where surf air goes from here. I'm really excited 594 00:31:26,480 --> 00:31:30,720 Speaker 1: to see how your journey continues, and very excited to 595 00:31:30,800 --> 00:31:33,280 Speaker 1: book that flight in twenty twenty six. I'm just going 596 00:31:33,360 --> 00:31:36,160 Speaker 1: to put that on my calendar and check back in 597 00:31:36,200 --> 00:31:38,880 Speaker 1: to see if that's a possibility, because I got places to. 598 00:31:38,840 --> 00:31:42,280 Speaker 2: Go so well. Like I said, there's a number of 599 00:31:42,280 --> 00:31:43,160 Speaker 2: flights you can even book. 600 00:31:43,160 --> 00:31:45,600 Speaker 3: Put small planes and combustion engines in the way there. 601 00:31:45,840 --> 00:31:47,680 Speaker 1: I definitely want to do that. I have never done that. 602 00:31:47,720 --> 00:31:50,200 Speaker 1: I've never flown on a small aircraft, and I've always 603 00:31:50,240 --> 00:31:52,880 Speaker 1: thought that that would be really interesting. So I'll have 604 00:31:52,960 --> 00:31:56,640 Speaker 1: to look into that anyway, because i really feel like 605 00:31:57,080 --> 00:31:59,680 Speaker 1: I need to experience it myself to get a full 606 00:32:00,440 --> 00:32:04,160 Speaker 1: idea of what that's like. I've watched videos from past 607 00:32:04,280 --> 00:32:07,080 Speaker 1: years when we were looking more at surf Air as 608 00:32:07,960 --> 00:32:11,600 Speaker 1: sort of the catering to executive travel, and looking at 609 00:32:11,600 --> 00:32:15,480 Speaker 1: those videos, I thought, Wow, what an incredible team y'all 610 00:32:15,560 --> 00:32:19,760 Speaker 1: have over there in your company, and the experience was 611 00:32:19,920 --> 00:32:23,160 Speaker 1: such a cultivated one. Clearly, that's a very different thing 612 00:32:23,160 --> 00:32:26,800 Speaker 1: than what we're talking about with regional air mobility, but 613 00:32:26,880 --> 00:32:30,360 Speaker 1: it had me excited just from seeing that because it's 614 00:32:30,480 --> 00:32:36,320 Speaker 1: so far flung from the experience I think most people 615 00:32:36,360 --> 00:32:38,360 Speaker 1: have when it comes to air travel. Right now, where 616 00:32:38,360 --> 00:32:41,200 Speaker 1: they're talking about getting on a big plane and your 617 00:32:41,400 --> 00:32:43,640 Speaker 1: seats are crammed as close as possible to fit as 618 00:32:43,640 --> 00:32:47,040 Speaker 1: many passengers as possible, and you feel like you have 619 00:32:47,160 --> 00:32:51,360 Speaker 1: no personal space, and it's just a very different experience. 620 00:32:51,640 --> 00:32:56,000 Speaker 1: And yeah, I definitely would like to have the alternative 621 00:32:56,000 --> 00:32:56,280 Speaker 1: to that. 622 00:32:56,800 --> 00:32:58,240 Speaker 2: Well, we look forward to having you on board. 623 00:32:58,560 --> 00:33:01,800 Speaker 1: Well, thank you so much for joining the show. I 624 00:33:01,840 --> 00:33:03,080 Speaker 1: really appreciate your time. 625 00:33:03,480 --> 00:33:05,160 Speaker 2: Thank you, Jonathan. That was fantastic. Thank you. 626 00:33:11,560 --> 00:33:16,240 Speaker 1: Tech Stuff is an iHeartRadio production. For more podcasts from iHeartRadio, 627 00:33:16,560 --> 00:33:20,280 Speaker 1: visit the iHeartRadio app, Apple Podcasts, or wherever you listen 628 00:33:20,320 --> 00:33:21,360 Speaker 1: to your favorite shows.