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...
Carole Rickard Hedden

Carole Rickard Hedden was Executive Editor for custom content and Program Excellence for the Aviation Week Network, providing custom content and research to industry executives.

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