Ocean Flyer and Monte sign seaglider financing deal

Monte chief operating officer Timothy Eyre, left, with Ocean Flyer chief executive Shah Aslam in Auckland. (Image: Supplied)

Oliver Lewis

Wed, 15 May 2024

The company seeking to bring 25 electric seagliders to New Zealand says it has secured a financing deal to cover $145 million of its $700m order.Ocean Flyer announced the $700m order with Regent, a United States startup backed by venture capitalist Peter Thiel, in 2022. Under the agreement, Regent is to supply 15 12-seater and 10 100-seater seagliders, which are due to arrive in NZ from around 2026.The seagliders, which are still under development, use the wing-in-ground effect to fly at high speeds just above the water. Acc...

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