As part of our contribution to the South African SME / entrepreneurship ecosystem, we regularly try and identify IP rich businesses that should be on the radars of South African investors and industry participants.
Today we feature Pegasus Universal Aerospace. We were alerted to this company via one of our partners on LinkedIn and it describes its operations as:
Pegasus Universal Aerospace is a South African based aviation group committed to promoting innovation in the aerospace and transportation sector. Pegasus UA is currently exploring a unique design concept that will ultimately result in the certification and manufacture of the world’s first of type aircraft using new-age materials for sale on a world-wide basis.
The Pegasus Vertical Business Jet (VBJ®) (Pegasus VBJ1) will be the first airplane to provide true business jet performance coupled with helicopter convenience. The VBJ® will make point to point travel feasible with multiple innovations that make the airplane safe and easy to fly, even for newly qualified PPL pilots, with a type rating of course. These include non flight critical peripheral structures, automated handling and enhanced spherical vision systems.
Targeting government operations, companies, VIP’s, medical evacuation, anti-poaching, offshore & resource development, as well as A-list business executives, politicians and celebrities, Pegasus One VBJ® is about to change how the world’s elite travel and businesses operate. Designed with the capability to land on any surface, including dry grass or gravel, the Pegasus VBJ1 will also possess built up area, helipad and yacht friendly characteristics.
Its state of the art performance is unmatched by helicopters, piston engine planes and any of the tilt-rotor VTOL airplanes currently on market. With a range of 4400km from runway take-off (or 2124km in VTOL); and at a cruise speed of 796 Kilometres per hour it’s capable of up to six and a half hours flying time from runway and approximately three hours flying time from VTOL at 35 000 feet.