Jaunt Air Mobility has announced that Calin Rovinescu, Air Canada’s recently retired President and Chief Executive Officer, and Mitch Garber, a global technology and growth capital investor, have added their names as investors and advisors.
“We are extremely pleased to have someone of Calin’s extraordinary business and aviation experience support Jaunt Air Mobility,” said Martin Peryea, CEO at Jaunt.
“His vision and global understanding of aerospace, aviation, and capital markets should help to accelerate our evolution as a leading eVTOL company.”
Eric Cote, president of Jaunt Canada, added: “To have a highly successful technology and growth capital investor such as Mitch Garber also join us will add enormous value to Jaunt’s future success.”
Calin Rovinescu served as President & CEO of Air Canada from 2009 to 2021, and also served as Chairman of the Star Alliance Chief Executive Board, the world’s largest global airline alliance, as well as Chairman of the Board of Governors of IATA.
“I have been impressed both by Jaunt’s innovative but practical aircraft design, combining helicopter and fixed-wing aircraft flight capabilities, and the team’s entrepreneurship and understanding of what is required for certification, commercialisation and market penetration in this new and emerging eVTOL industry,” said Calin Rovinescu.
“I am especially pleased with the company’s plan to include Quebec and Canada in the design and manufacture of these aircraft involving new battery technology, digital capability and advanced engineering.
“Jaunt will be a catalyst for quality jobs within the green economy and will continue to advance Canada as an innovative and transformative global aerospace player.”
Mitch Garber has led public companies on the Toronto, London, and Nasdaq stock Exchanges. He is a frequent co-investor and board member in large private equity transactions alongside Apollo Global Management and TPG.
Garber commented: “Cloud computing and mobile games are examples of high growth areas where we have been fortunate enough to back the right players.
“EVTOL air taxis is an obvious growth area, and Jaunt Canada caught our attention with its new form of green, clean aviation technology.
“It is an opportunity to build a transportation system that facilitates a greener and more efficient global economy, by leveraging the unique assets of Canadians and our aerospace heritage, and the experienced team at Jaunt demonstrates an in-depth understanding of the business and the future.”
In February, Avports signed a Memorandum of Understanding with Jaunt Air Mobility to join its Access Skyways infrastructure alliance and support the integration of eVTOL aircraft with airports and the aviation ecosystem.
In January, Jaunt Air Mobility signed a Letter of Intent with on-demand aviation company Flapper to provide up to 25 Jaunt Journey eVTOL aircraft for use in Latin American markets.