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‘Feels like the future’: Stockholm tests electric ‘flying’ ferry

One metre above the surface, a fully electric ferry is speeding across the waters of Stockholm as a Swedish company prepares to start taking its first regular passengers.

'Feels like the future': Stockholm tests electric 'flying' ferry
The new ferry will be able to take up to 30 passengers at once. Photo: Henrik Montgomery/TT

Equipped with three vertical wings, or hydrofoils, the craft is “able to fly out of the water when it’s going fast enough,” Andrea Meschini, head of R&D testing for the Candela P-12 ferry, told AFP.

“It’s amazing, it feels like the future,” Meschini said as he demonstrated the prototype off the coast of the Stockholm archipelago, adding that “it feels like a magic carpet.”

Thanks to sensors that constantly adjust the foils, the ferry maintains its stability. By levitating above the water it consumes “up to 80 percent less” energy than a regular boat, according to Meschini.

Since it minimises friction, the ferry is able to go much faster than conventional ferries with a top speed of 55 kilometres per hour (34 miles per hour).

The company, Candela, is due to start taking passengers between the island of Ekerö and central Stockholm in October –  a busy route that should take 35 minutes with the new ferry, half the time it takes by land.

Under the agreement with SL – the Swedish capital’s public transport operator – Candela will only supply a single boat for the time being, with a capacity for 30 passengers.

Despite waves and the wakes produced by other boats passengers feel virtually nothing on board the shuttle.

Although the technology had already been developed – Candela produces smaller leisure flying boats – the larger ferry had to “fulfil a whole lot of standards to be seaworthy and safe for the passengers,” Karin Hallen, programme manager at Candela, told AFP.

Candela is aiming to expand its technology on an international scale.

According to Meschini, the sector has “a lot of potential because most of the big cities around the world are built around water.”

“Yet it is not used and developed in terms of public transport. We want to fill the gap,” Meschini said.

Maritime transport is responsible for around three percent of the world’s greenhouse gas emissions.

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SAS

Airline SAS announces end of restructuring and leaves bankruptcy protection

Scandinavian airline SAS is no longer undergoing a bankruptcy protection process which has overshadowed the company for two years.

Airline SAS announces end of restructuring and leaves bankruptcy protection

Airline SAS said on Tuesday its immediate future was secure and confirmed the appointment of a new board.

In a statement, the company said it had emerged from the restructuring process as a “a competitive and financially robust airline with a strengthened capital structure”.

Since 2022, SAS has been embroiled in a bankruptcy protection (Chapter 11) process in the United States, obliging the company to report accounting figures each month.

The airline’s new principal owners are Castlelake, Air France-KLM, Lind Invest and the Danish State, with the new chairman of the board named as Kåre Schultz, whose CV includes a spell as deputy CEO with pharmaceutical giant Novo Nordisk.

The airline’s restructuring has meanwhile involved a move from the Star Alliance to SkyTeam code-sharing network.

READ ALSO: EXPLAINED: How SAS’s decision to switch airline alliance will affect travellers

“SAS has done a truly impressive job in navigating through the restructuring proceedings, and in building a competitive business positioned for growth,” Schultz said in the statement. 

“Together with SAS’ new investors, board and management, as well as with our partners in the SkyTeam alliance, we will continue to collaborate with partners and customers to drive transformative changes in aviation,” he said.

The end of the bankruptcy protection procedure had been expected. SAS previously announced it would see the process through by the end of this summer, and the company was delisted from the stock exchange on August 13th.

The airline’s corporate restructuring has been approved by the United States and the EU as well as the Swedish legal system.

Some 1.2 billion dollars have been injected into the company by its new owners.

SAS can now begin to focus its efforts elsewhere, aviation analyst Jacob Pedersen of Danish bank Sydbank said in a comment to the Ritzau newswire.

“After a big rescue operation, SAS is now in a significantly better financial position,” he said.

“The company has far less debt, far lower costs, and more money in its coffers from the new ownership group,” he said.

Schultz’ first and most important task will be to plan the airline’s future growth, Pedersen added.

“SAS has almost permanently shrunk during the last 20 years, but we are likely to now see a SAS with more of an appetite for growth,” he said.

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