American, United Add To AAM Funding

American Airlines provided a boost to Vertical Aerospace’s finances, making an undisclosed payment to hold slots on production of 50 of the aircraft it has on conditional preorder with the OEM.
Credit: Vertical Aerospace
The primary story on funding in the advanced air mobility (AAM) industry this month is on cash burn related to research and development (R&D), to include certification efforts. The notional level of cash required to attain certification is estimated at $350 million. Four publicly held companies have...

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