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Electra Appoints Ex-Boeing Executive as CEO

Boeing former chief strategy officer B. Marc Allen, who held an array of positions with the company for more than a decade, will lead the hybrid-electric aircraft manufacturer.

Friday, August 30, 2024 at 03:42 PM ET

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Ex-Boeing executive B. Marc Allen (right) replaces Electra founder and chairman John Langford as CEO. [Courtesy: Electra]

Key Takeaways:

B. Marc Allen, a former senior Boeing executive with extensive experience in strategy and corporate development, has been appointed CEO of Electra, a hybrid-electric ultra short takeoff and landing (eSTOL) aircraft manufacturer.
Electra is developing innovative aircraft that require minimal runway space (as little as 150 feet) and aim to revolutionize air travel by enabling operations from non-traditional locations without airports, emissions, or noise.
The company has attracted significant interest and contracts from U.S. military branches (Army, Navy, Air Force) and NASA, surpassed 2,000 aircraft orders, and successfully completed test flights of its demonstrator, targeting commercial certification by 2028.

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B. Marc Allen, who held an array of senior leadership positions at Boeing and its subsidiaries between 2007 and 2023, is taking the reins of a smaller company building aircraft that require only the space of a soccer field to take off and land.

Hybrid-electric ultra short aircraft manufacturer Electra, which is backed by investors such as Lockheed Martin and Honeywell, on Friday announced Allen’s appointment as CEO. The former Boeing executive will lead the company as it develops an FAA-certified Part 23 aircraft with a runway requirement of just 150 feet for both airline and helicopter operators.

Jack Daleo

Jack is a staff writer covering advanced air mobility, including everything from drones to unmanned aircraft systems to space travel—and a whole lot more. He spent close to two years reporting on drone delivery for FreightWaves, covering the biggest news and developments in the space and connecting with industry executives and experts. Jack is also a basketball aficionado, a frequent traveler and a lover of all things logistics.