The financing comes as SkyDrive works to certify its aircraft in time to launch commercial air taxi service for the 2025 World Expo being hosted in Osaka.
The industry says book-and-claim can support SAF while supplies are extremely limited as it does not require the buyer to own or use the physical fuel.
Following the delivery of its ASIO Maritime Task Force Solution to Nigeria, as part of the NIMASA Deep Blue Project, BIRD Aerosystems has completed a successful live demonstration of the ASIO aircraft capabilities, including real-time interception of vessels performing illegal activities at sea.
One or more experimental aircraft could start flying in 2027 to prove the feasibility of a transporter that can speed up like a jet and land like a helicopter.