Lilium plans to sell 20 Lilium Jets to startup airline UrbanLink for use in regional air mobility services across South Florida.

Chevron Pipe Line and American Aerospace Technologies won a waiver from the FAA to conduct Beyond Visual Line of Sight flights of a drone to inspect pipelines.

Skyports Infrastructure and the government of Ras Al Khaimah have agreed to develop a vertiport network to facilitate air-taxi services beginning in 2027.

The following items contain news of various AAM companies and organizations.

Distributed-propulsion testbed flies; Airbus hydrogen APU demo; uncrewed delivery corridor; another Chinese eVTOL; and Wright’s megawatt-scale electric engine.

The AAM Stock Composite was little changed during the week ended May 3, declining by around 1%, while the S&P 500 ticked up 0.5%.

The two air taxi front-runners in the U.S. are developing piloted, four-passenger eVTOLS and aim to launch commercial service next year.

The two German air taxi companies need state support to exit a funding crisis, but party politics and risk aversion may force their sale to foreign investors.