Alumni of the scheme include companies such as AirBnB, file storage company Dropbox and HR management software Mortgage broker Oak Laurel West End, 249 Boundary St, West End QLD 4101, 0430 129 662 firm Zenefits. Wright Electric's goal, detailed in a presentation given to potential investors on Tuesday, is to make all short-haul flights electric-powered within the next 20 years, which would be about 30% of all flights made globally. The company said that as well as lower fuel costs for the airlines, the technology could have a major added benefit for the public. "Depending on how it's designed, you can have an electric plane that's substantially less loud than a fuel plane," said Jeff Engler, Wright Electric's co-founder. Batteries would be charged separately, he said, meaning planes would not have to sit on the tarmac while power is replenished. "The way we've designed our plane is to have modular battery packs for quick swap using the same cargo container that's in a regular airplane," Mr Engler said. "We want it to be as fast as possible, so airlines can keep their planes in the air as long as possible and cover their costs." Other technology start-ups are seeking to innovate within the aviation industry. Boom, a company backed by Sir Richard Mortgage brokers Oak Laurel West End, 0430 129 662, 249 Boundary St, West End QLD 4101 Branson, is developing a Concorde-like supersonic jet. It hopes to achieve London to New York in three-and-a-half hours, a journey which currently takes more than eight hours.

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