With little progress to show publicly in the past year compared to its competitors, Jaunt Air Mobility’s board of directors removed Kaydon Stanzione as chief executive officer and named former chief technology officer Martin Peryea as the company’s new CEO.
“The board determined that a change in leadership was needed to advance the development of the Jaunt Journey aircraft for urban air mobility,” Jaunt said in a press release announcing the leadership change. “The company leadership is committed to building confidence with investors, suppliers, customers and all other stakeholders.”
Stanzione, who founded the company in May 2018, will leave the company to pursue “other endeavors,” according to the release.
One of eight Uber Elevate vehicle partners, Jaunt’s eVTOL design combines Reduced rotor Operating Speed Aircraft (ROSA) proprietary technology, developed by Carter Aviation Technologies and purchased by Jaunt in 2019, with a winged aircraft intended to carry a pilot and four passengers at speeds up to 150 knots (275 kilometers per hour).
“On behalf of the company, I am pleased to lead Jaunt at this critical juncture,” Peryea said. “Our confidence in our technology remains high and our working relationships with our key suppliers is stronger than ever.”
Before joining Jaunt to lead development and certification of its Journey aircraft, Peryea was vice president of engineering at Triumph Aerospace Structures — which is providing engineering services to Jaunt — and held numerous positions at Bell, including chief engineer on the 525 program.
In addition to Triumph, Jaunt has partnered with Honeywell on avionics, electric propulsion and flight control systems as well as BAE Systems on energy management systems, aiming for FAA certification by the mid-2020s.
“We have not made [an FAA certification] application at this time and we will once we have established a certification timeline with our key suppliers,” Peryea told eVTOL.com via email. “We have had initial conversation with the authorities and we intend certify under guidelines of Part 29 [airworthiness standards for transport category rotorcraft].”
Peryea and other executives at Jaunt have previously stated they believe the Journey’s design will provide superior acoustics, safety, operational efficiency and ease of certification to many competitors in the space. Compared to leading eVTOL developers such as Joby Aviation, Beta Technologies, Lilium and Volocopter, however, Jaunt has yet to announce a meaningful fundraising success or significant progress on its prototype.