Recently, the United States electric manned aircraft company Bye Aerospace officially hired Broad Investment Securities as a listing guidance adviser, and held a signing ceremony for the launch of the listing process.
Bye Aerospace is an American aircraft manufacturer based in Denver, Colorado. The company specializes in the design and manufacture of electric aircraft, including unmanned aircraft for geospatial functions and electric manned aircraft for flight training and general aviation, with three models of eFlyer 2 (2-seater), eFlyer 4 (4-seater) and eFlyer 800 (8~12-seater). It is expected to receive full FAA type certification and begin commercial production by 2025. Bye Aerospace is working to develop and advance the electrification of small aircraft that can operate globally with zero emissions and enable training, passenger and cargo transport at a much lower operating cost.
Nowadays, aircraft electrification has become an important direction for the development of aviation technology. At the end of 2019, there were about 130,000 single-engine piston aircraft in operation in the United States alone. Advancing the global electrification of small aircraft is expected to reduce CO2 emissions by 135 million tons per year (according to estimates by Bye Aerospace). Aircraft electrification is an important innovation that fully expands the use of electric energy for aircraft non-propulsion and propulsion applications. Multi-electric/all-electric aircraft will greatly improve aircraft technical performance, and electric propulsion aircraft can achieve lower fuel consumption and emissions. At the present, Bye Aerospace has received orders worth of over US$1 billion, including United Airlines, with deposits paid.
SoftBank Investment (SBI)-Subaru and Itochu Corporation are shareholders of Bye Aerospace. Among them, Masayoshi Son’s Softbank Investment is the largest institutional shareholder of Bye Aerospace (Softbank Investment is also the largest shareholder of Alibaba, and is known for investing in Alibaba to achieve investment returns of nearly 3,000 times).
Broad Investment Securities, established in Los Angeles in 2017, is a global boutique investment bank with SEC securities registration. It has wholly-owned subsidiaries in Singapore and China. Broad Investment Securities provides investment advice, securities market asset management, account management, hedge fund management, investor financial planning and other services for global investors. Broad Investment Securities serves global companies and investors with transparency and helps prospective listed companies with financing with global reach.
Broad Investment Securities has jointly offered with on-line brokerages including Interactive Brokers and Tiger Brokers to open securities investment management channels, will work with other strategic brokers to serve global customers, and will provide investors with independent analysis and introduce Asian funds to support the development of local American companies. Johann Tse, CEO of Broad Investment Securities North America, said: “We are pleased to be an advisor to Bye Aerospace. Through our IPO team, we will bring in strategic investors and achieve an IPO within the planned timeframe. We also welcome investors who believe in the future of the electric aviation market to collaborate with us.”
Company: Broad Investment Securities LLC
Website: http://broadfsc.com
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This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.