Deals, Funding & Investments News & Articles

Aciturri will be responsible for the development and manufacturing of the wing skins and spars, whilst Crouzet will supply the pilot controls, specifically the inceptor (control stick)

Supernal's partnerships with the Singapore Economic Development Board (EDB) and Civil Aviation Authority of Singapore (CAAS) will drive a variety of activities such as identifying potential use cases and public engagement for AAM

The two companies will collaborate in various different ways including promoting Urban Air Mobility (UAM) in Japan and the test and trial of Urban ATM (air traffic management) software including data collection and sharing

A Memorandum of Understanding (MoU) signed at the Singapore Airshow includes the intent to purchase 10 Lilium Jets, as well as a future strategic collaboration on the establishment of an eVTOL operation network across the Philippines and other Southeast Asia countries

The project is the third awarded to Vertical Aerospace by the Aerospace Technology Institute (ATI) Programme and brings the total UK Government funding to £37 million

Surf Air has secured early delivery positions for 90 Electra eSTOL aircraft for integration into the company's national flight network including Southern Airways Express and Mokulele Airlines

The agreement includes 50 firm orders for the Sirius Millennium hydrogen VTOL, with an option for 50 more, and calls for the establishment of final assembly lines, comprehensive training, and designing and operating vertiports

Set to launch commercially by 2026, the initial network will include four vertiports located by Dubai International Airport (DXB), Palm Jumeirah, Dubai Downtown and Dubai Marina

Aviation Logistics has placed an order for up to 20 Vertiia hydrogen-powered VTOL and plans to use the aircraft through its associated companies Air Link, AirMed and Chartair covering passenger services, aircraft charter, air freight and aeromedical flights

The sale of Pegasus aircraft to a Scottish investor not only reflects ARC Aerosystems capability to meet current aviation demands but also highlights its role in shaping the future of VTOL technology

The investment from Vertical's Founder and CEO Stephen Fitzpatrick extends projected cash runway into Q2 2025 and will support the continued development of the certification aircraft design

Horizon Aircraft has signed a Letter of Intent (LoI) with Indian regional air operator JetSetGo for the purchase of up to 100 eVTOLs, worth up to $500 million

The funding was secured through a third-party allotment of new shares, purchased by Suzuki Motor Corporation, and will accelerate the development and manufacturing of the company's eVTOL aircraft

Pivotal has begun online sales for the Helix eVTOL at a starting price of $190,000, with first customer shipments set for June 2024

JSX is poised to offer increased access to reliable flight services for underserved communities across the United States with its acquisition of hybrid-electric aircraft from Electra, Heart Aerospace, and Aura Aero

A long-term strategic partnership has been established between EHang and Wings Logistics Hub to introduce EHang's autonomous electric vertical take-off and landing aircraft (eVTOL) to the United Arab Emirates (UAE)

Joby, ANA Holdings and Nomura Real Estate Development plan to jointly explore the design, location, operation, and financing of vertiport locations that will serve as the backbone of future commercial air taxi services in Japan

7 Reis Farm, in Mato Grosso State, Brazil, will use the electrical vertical take-off and landing (eVTOL) aircraft to spray soybean plantations

The award will enable Piasecki to demonstrate its Aerial Reconfigurable Embedded System (ARES) tilt-duct vertical take-off and landing (VTOL) unmanned aerial system (UAS) and hydrogen fuel cell propulsion technologies