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Magazine Issue

Advanced Air Mobility Report, August 17, 2022

VOL. 2 NO. 33 August 17, 2022
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Technology Developments

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Hyundai Expands On Advanced Air Mobility Plan

Aug 11, 2022
South Korean automaker Hyundai has revealed new details of its broad-based advanced air mobility development strategy after unveiling a full-scale cabin mockup of its electric vertical takeoff and landing air taxi concept and signing a propulsion collaboration deal with Rolls-Royce.
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France’s Blue Spirit Plans Hydrogen Fuel Cell Light Aircraft

Aug 09, 2022
A French startup has unveiled plans to develop a hydrogen fuel cell-powered four-seat aircraft to provide flight schools and other general aviation customers with a zero-emission alternative to today’s gasoline-fueled light aircraft.
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Joby Signs Expanded Agility Prime eVTOL Contract With U.S. Military

Aug 10, 2022
Joby Aviation has signed a potential $45 million expansion of its contract with the U.S. Air Force’s Agility Prime program.

Investment & Finance

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AAM Companies Remain Steady As Second Quarter Financials Begin

Aug 15, 2022
As financial results for the publicly traded advanced air mobility companies were shared with Wall Street analysts and shareholders, the overall AAM Stock Composite stayed steady, registering a less than 1% gain over the two weeks ending Aug. 15.
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United Airlines Places Cash Deposit On First 100 Archer eVTOLs

Aug 10, 2022
United Airlines has made a $10 million predelivery payment on 100 of the 200 electric air taxis it agreed to purchase from Archer Aviation in February 2021.
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CAeS Funding Round Reaches $17.5M As Tawazun, Motus Invest

Aug 12, 2022
Cranfield Aerospace Solutions has announced two new investors as it continues to work toward flying a hydrogen fuel cell-powered nine-seat demonstrator. 
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Blade Beats Expectations For Second Quarter

Aug 10, 2022
Blade Air Mobility, one of 10 publicly traded advanced air mobility companies, beat analyst expectations with its second quarter 2022 financial performance. 
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Archer Touts Capabilities Of Midnight Production eVTOL

Aug 15, 2022
Archer Aviation’s production electric air taxi, called the Midnight, is being designed to fly 45 back-to-back 20-mi. missions a day with a pilot and four passengers and a 10-min. recharge between flights, at prices comparable to ground ride-sharing, the startup has revealed.

Business

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DroneUp Sets Pace For Retail Deliveries

Aug 11, 2022
Retail giant Walmart is known for mass—massive product options, massive stores, massive appeal to consumers and massive power in the retail market place. Now, Walmart is leading the way with retail delivery of products by air, calling upon startup DroneUp to deliver the goods.
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Vertical Lift Consortium Names UAM Challenge Finalists

Aug 11, 2022
The U.S. Vertical Lift Consortium has named 19 finalists in its Urban Air Mobility Challenge, paving the way for a pitch competition in Washington on Sept. 28 and a chance to win $50,000 in funding.
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AAM Goes Digital First

Aug 04, 2022
Since advanced air mobility initiatives took shape with the first Uber Elevate Summit, among the distinctions has been pressure for fast-paced development and certification, with promises of air taxis transporting Summer Olympics attendees as early as 2024 in Paris.

Infrastructure

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Ohio Publishes AAM Framework Document

Aug 10, 2022
Transportation research center DriveOhio has released an Advanced Air Mobility Framework document aimed at positioning Ohio for the expected growth of the AAM industry in the state.

Certification

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Joby Agrees On Revised eVTOL Certification Basis With FAA

Aug 15, 2022
Joby Aviation has signed a revised certification basis for its tiltprop S4 after the FAA changed direction of certifying electric vertical takeoff and landing aircraft, and says it is still on track to launch air taxi operations in 2024.

AAM Briefs

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AAM Briefs

Aug 16, 2022
Boeing-backed Wisk has established an engineering hub in Montreal dedicated to the development of its sixth-generation eVTOL autonomous air taxi.