Bye has already received FAA approval for 15 of the 16 system-specific certification plans (SSCPs) for the full means of compliance certification, and it expects the last one to be approved by the end of July.
The size of Fuyo's investment in the U.S. company has not been revealed, but the deal will result in the Tokyo-based group holding a stake in Bye Aerospace.
Bye Aerospace claims to have seen market enthusiasm over its recently announced twin-motor eFlyer 800 electric business/utility aircraft, which is pitched as an alternative to Textron's King Air twin turboprop.
Skye Aviation has committed to ordering 15 of Bye Aerospace's new nine-seat eFlyer 800 electric fixed-wing aircraft, which is expected to enter service in 2025.