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PRESS RELEASE
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Pegasus Universal Aerospace announces share sale to propel VBJ Project, partners with an experienced engineering firm
Wednesday, 31 May 2023

Pegasus Universal Aerospace, in conjunction with the highly anticipated share sale, is thrilled to announce its partnership with an experienced multinational engineering firm, which is a leading engineering, manufacturing, and automation firm. The share sale, which commenced on May 29th and extends over a three-month period, serves as a significant milestone in further advancing the Vertical Business Jet (VBJ) project.

The VBJ project, spearheaded by Dr. Reza Mia, represents a ground-breaking innovation in aviation technology, offering a unique fusion of vertical take-off and landing (VTOL) capabilities, high-speed performance, and extended range. The share sale aims to raise funds to accelerate the development and industrialization of this visionary aircraft, positioning investors at the forefront of cutting-edge aviation technology.

With the strategic collaboration with the multinational engineering company, Pegasus Universal Aerospace ensures access to un-rivalled engineering, manufacturing, and automation expertise, streamlining the production and assembly stages of the VBJ. This partnership marks a significant leap towards the realization of the VBJ's commercial availability, enabling Pegasus Universal Aerospace to deliver a superior and world-class aircraft to its customers.

Investors participating in the share sale will not only play a vital role in propelling the VBJ project forward but will also gain exclusive access to this revolutionary aviation solution. The VBJ not only offers substantial financial benefits for investors but also addresses environmental concerns through its lightweight construction and advanced propulsion systems, resulting in reduced fuel consumption and emissions.

Moreover, the VBJ promises unprecedented 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. This exceptional aircraft redefines convenience, efficiency, and luxury in air travel, catering to both business and leisure travelers alike. Air ambulance, policing and search and rescue operations are also clear possible users for the airplane.

“We are excited to announce our share sale, marking a significant milestone in advancing the VBJ project,” said Dr Reza, Chairman and founder at Pegasus Universal Aerospace. ” 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 revolutionizing the aviation industry”.

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Pegasus Universal Aerospace Airframer
Related aircraft programs:
Pegasus VBJ1