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.

Our roundup of the main aerospace and defense stories making the news this week.

Investors have plowed billions of dollars into eVTOL ventures but now many are running out of cash. Listen in to hear the latest on the plight of Lilium and Volocopter.