Overair has appointed Tom Whayne as chief financial officer to oversee all financial operations and provide strategic guidance to the company as it continues its path toward commercialisation.
Whayne was previously chief financial officer of OneWeb, where he led the raising of more than $3 billion of capital to fund the company’s development of a global broadband communications constellation in low earth orbit. Most recently, he was senior vice president and chief strategy officer of Maxar Technologies, an earth intelligence and space infrastructure company.
“We are immensely proud to welcome Tom to the team,” said Ben Tigner, co-founder and CEO of Overair. “His finance and operating background in orbital platform companies positions him perfectly to help Overair prepare for rapid scaling. Tom’s appointment comes at a pivotal time in our company as we build our full-scale Butterfly prototype.”
Whayne added: “I am thrilled to join such an illustrious team with such a storied heritage. Overair’s commitment to revolutionising transportation and creating sustainable solutions for urban mobility is truly inspiring. It is an exciting time to be part of the advanced air mobility movement.”
In addition to Whayne’s tenure at OneWeb and Maxar, he brings over 20 years of experience as an investment banker. Whayne was a managing director at Credit Suisse First Boston, Morgan Stanley, and Rothschild. He has a bachelor’s degree in economics from Harvard College and a JD degree from the University of Virginia School of Law.
Adding Whayne to the team solidifies the strength of Overair’s C‑suite and continues its strong momentum. The company has made significant progress in the development of its Butterfly aircraft, with full-scale propulsion testing completed in the second quarter of 2022 and current execution of its full-scale prototype program in 2023.
Butterfly will be the quietest, most robust and largest-capacity production-eVTOL vehicle, with seating for five passengers and a pilot plus a separate large cargo compartment.
Overair is spun out of Karem Aircraft in 2020, the Santa Ana, California-based company that announced the design of its vehicle, Butterfly, in 2021. Butterfly’s proprietary technologies, derived from the Overair team’s decades of aerospace experience, create critical power reserves using today’s commercially available battery cells, which translate into advances in safety and a superior experience for riders and communities.
Overair has operating partnerships with companies such as Hanwha Systems and Bristow Group, and the team completed its full-scale propulsion testing in the second quarter of 2022.
In August 2022, Overair announced that Dr Valerie Manning would join the company as chief commercial officer from her role as senior vice president of training and flight operation services at Airbus.