Ocean Flyer and Monte sign seaglider financing deal

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
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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