Try GOLD - Free
All eyes on the sky
Money Magazine Australia
|April 2021
A bolt of inspiration hit Eric Peck while serving as a RAAF Hercules pilot eight years ago in Afghanistan.
Fact file
Eric Peck
Co-founder of Swoop Aero, a drone-based delivery business operating in Australia and Africa; age 31; lives in the Melbourne suburb of Balaclava
Strived to earn good marks at school and to overcome difficult challenges. First job at Boost Juice. As a kid he wanted to be an RAAF pilot and later lived the dream. It was “the hardest job you could possibly do”. Got the flying bug after his uncle took him to the Avalon Airshow in Victoria. Most important investment lesson was being taught to be accountable for what he spent. Utimate goal is to run an ASX-listed company.
“I saw how drones were being used to track soldiers on the battlefield,” he recalls. “It piqued my interest, because my parents had just moved to a farm, and I thought maybe they could track their cows that way.”
The seed took shoot four years later after Peck had left the RAAF and was working at professional services firm Deloitte. There he met a robotics engineer, Josh Tepper, who had been asked by government agencies whether drones could be used to move chemotherapy medication to remote places.
“There’s normally a hospital within about 100-150 kilometres of most smaller healthcare facilities in the country, and there was only about a kilo of medication that needed to be moved,” says Peck. “We stepped back and said, ‘Well, how could we build a system to deliver that safely, reliably and sustainably every day of the week?’ We looked around the world and realised that introducing air transport into the last mile of the supply chain was a really obvious solution.”
This story is from the April 2021 edition of Money Magazine Australia.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Money Magazine Australia
Money Magazine Australia
Staying true to purpose
When it comes to super funds, Australians are spoilt for choice with 21 industry funds, 57 retail funds and a variety of public service and corporate funds to pick from. This breadth of choice also highlights how difficult it is to take out our top award of Best Super Fund - a title that goes to Hostplus.
1 mins
December-January 2026
Money Magazine Australia
WHAT SUPERANNUATION UPDATES DO PEOPLE NEED TO BE ACROSS?
Let's start with the fundamentals. From July 1, 2025, the superannuation guarantee rate increased to 12%, marking the final scheduled rise under current legislation.
1 min
December-January 2026
Money Magazine Australia
HOW CAN CONSUMERS GET A MUCH FASTER NBN SERVICE?
In September 2025, the NBN experience changed for millions of Australians. It got faster. A lot faster.
2 mins
December-January 2026
Money Magazine Australia
Make money from your home
From garden sheds to driveways, our homes could be hiding more earning potential than we realise.
3 mins
December-January 2026
Money Magazine Australia
HOW CAN CONSUMERS TAP INTO LOWER FEES?
Fancy an extra $5000 in your bank account? Walk this way. The common thread in this year's banking award winners' rollcall is the theme of higher savings.
2 mins
December-January 2026
Money Magazine Australia
HOW OUR WINNERS ARE CHOSEN
Hundreds and thousands of providers were examined to identify the award winners in the superannuation, managed funds, exchange traded funds, banking products and insurance categories in Money's Best of the Best 2026.
5 mins
December-January 2026
Money Magazine Australia
Crunching the numbers
Know the facts before taking the plunge with first- home buyer's schemes.
5 mins
December-January 2026
Money Magazine Australia
Profit and loss in the Pilbara
This solid miner is up against strong offshore headwinds.
3 mins
December-January 2026
Money Magazine Australia
Theory of adaptability
Whatever your thoughts about AI, it's here to stay and these are some of the humans doing great things with it.
2 mins
December-January 2026
Money Magazine Australia
Powerhouse of investing
Australian investors can choose from almost 400 exchange traded funds (ETFs). While this is great for investors, it can be hard distinguishing the merits of different fund managers. Our Best ETF Manager award sorts through the crowd, and this year, the top accolade goes to US-based BlackRock Investment Management.
1 mins
December-January 2026
Translate
Change font size

