Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Innovation Regent Seaglider

Regent Seaglider.

By Savannah Young Leaders Staff

Savannah Young

Savannah Young

News Writer

Savannah Young is a news writer for Leaders Media. Previously, she was a digital reporter for WATE Channel 6 (ABC)...

Full bio


Learn about our editorial policy

Aug 30, 2022

Seagliders Closer to Takeoff

Overcoming this recent barrier means that better, cheaper, and more sustainable air travel is on the horizon.

Key details
Today, Regent Craft announced it has received an Approval in Principle from Bureau Veritas Marine & Offshore for its 12-passenger, fully electric, wing-in-ground effect seaglider.

The Approval in Principle culminated in a 10-month, third-party engagement that ultimately determined that the aircraft and the technology driving it are viable and sustainable and able to move forward.

The Approval in Principle will be followed by a design appraisal process, a series of technical studies that are now underway that will allow the implementation of the seaglider’s design and operation, according to Regent.

This is an important certification milestone for the company as it marks the beginning of commercial seaglider operations.

Why it’s important
It’s a new, breakthrough technology so its viability needed to be determined.

The goal of Regent Craft is to reduce the cost and hassle of regional transportation between coastal cities. It designed a 100-person, all-electric seaglider that will be zero-emission and half the cost to operate as a traditional aircraft. The seaglider is an all-electric plane that flies just above the water’s surface and couples the speed of air travel with the operating cost of a boat.

It will fly routes up to 180 miles with existing battery technology and routes up to 500 miles with next-generation batteries. So it’s ideal for short, regularly scheduled routes—such as between Hawaiian islands or coastal cities like New York and Boston, Los Angeles and San Diego, or Miami and Fort Lauderdale. 

Seagliders would depart from harbors on hydrofoils—technology you might see on eFoil surfboards or America’s Cup racing yachts.

Backing up a bit
Regent is a startup backed by many industry-leading financiers such as Thiel Capital, Mesa Air Group, entrepreneur Mark Cuban, Y Combinator, Founders Fund, Caffeinated Capital, and Fitbit founder James Park. The company has more than $7 billion in sales booked from airlines and ferry companies, including firm deposits for the first seaglider deliveries.

Regent is working with governing bodies of the U.S. Coast Guard and the FAA to ensure it can operate safely at low altitudes, particularly in crowded harbors and during inclement weather. Assuming it earns regulatory approval, Regent is on pace for the first flight of their quarter-scale prototype in late 2022.

Home / News / Seagliders Closer to Takeoff
Share
FacebookTweetEmailLinkedIn

Related Stories

The Dramatic Rise And Fall Of SPACs

by Hannah Bryan Leaders Staff
Markets

27 minutes ago

SPACs fall

After making small fortunes off failed startups through special-purpose acquisition companies (SPAC), a wave of lawsuits is threatening the businessmen and the growing industry that cut the deals. 

Key Details

  • A round of lawsuits from burned investors is coming for executives such as Chamath Palihapitiya and Alec Gores, who made small fortunes from the failures of newly public companies. 
  • The pandemic saw a rise in SPACs-funded company takeovers of a litany of startups, Bloomberg reports. 
  • The lawsuits claim that SPAC executives pushed through deals that would allow them to profit from their founder shares.
  • Executives were allegedly incentivized to finalize acquisitions even if the plans created risks for shareholders, Bloomberg reports. 

Go deeper

FacebookTweetEmailLinkedIn

What’s Dragging Down Americans’ Mental Strength

by Hannah Bryan Leaders Staff
Business

4 hours ago

financial stress

Concerns about personal finances are one of the top contributors to poor mental health among U.S. adults. 

Key Details

  • With high inflation rates, rising interest rates, and general economic turmoil, it is hardly surprising that financial concerns are top of mind for many Americans. 
  • A recent study from Point found that financial burdens troubled Americans of every generation and gender.
  • Over half of all surveyed said that financial worries had negatively affected their mental health—more than a relatively low number who said climate change and social or geopolitical issues were affecting them. 
  • More than a third, about 36%, said that worries about personal finances caused them to lose sleep.
  • While all generations and genders cited financial concerns as a top issue affecting them, Gen Z and women were more likely to be negatively affected by economic concerns, Point found. 

Go deeper

FacebookTweetEmailLinkedIn

Perjury, Rubio Says Of the TikTok CEO 

by Tyler Hummel Leaders Staff
Public Policy

Jun 5, 2023

Senator Marco Rubio (R-FL) has called for TikTok’s CEO to be charged with lying to Congress. 

Key Details

  • TikTok CEO Shou Zi Chew was questioned before Congress on March 23 regarding his company’s access to data and how the Chinese government has access to it. 
  • On Thursday, Senator Rubio sent a letter to Attorney General Merrick Garland asking the Justice Department to open an investigation into whether CEO Chew committed perjury in his testimony. 
  • Chew claims that data “has always been stored in Virginia and in Singapore."
  • Subsequent Forbes reports have shown that this is not true, as U.S. tax IDs and social security numbers have been found on Chinese services. 
  • Rubio says Chew “should be held accountable for making false statements about material facts related to TikTok’s operation.”

Go deeper

FacebookTweetEmailLinkedIn
Loans and Borrowing

Jun 2, 2023

Student Loan Payments May Harm the Economy 

by Tyler Hummel Leaders Staff
Tech

Jun 2, 2023

Musk’s Starlink Secures Military Contract For Ukraine 

by Tyler Hummel Leaders Staff
Apple and Goldman
Business

Jun 2, 2023

Apple’s Savings Plan Not Giving Back

by Hannah Bryan Leaders Staff

Recent Articles

Personal Growth

3 hours ago

The Executive’s Secret Weapon: Morning Meditation for Increased Productivity and Focus

Learn why leaders and executives practice morning meditation for performance.

Leadership

Jun 1, 2023

Transforming Impulsive Behavior: Unleashing the Disciplined Leader Within

Impulsivity can cause financial problems, reputation damage, and legal issues.

Leadership

May 31, 2023

Self-Sacrificing and Hate Attention? You May Be an Echoist, the Opposite of a Narcissist

An echoist, the opposite of a narcissist, is selfless, but lacks boundaries and self-esteem.

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com

x