Advanced Air Mobility

The sell-off coincided with a weak week on Wall Street.

The company has also detailed a three-step product strategy.

The governments have approved a 2.96 trillion won ($2.2 billion) project to regenerate the area around Gimpo.

Swiss startup Jekta has announced an order from South Korean lessor Solyu for 30 of its PHA-ZE 100 hydrogen-electric seaplanes.

Aircraft serial number 0001 is being assembled at Bye’s facilities at Centennial Airport in Denver.

The testbed aircraft made its first flight in June from the company’s test facility at California’s Mojave Air & Space Port.

2024 was supposed to be the year that eVTOL air taxis launched services, but by mid-year it was apparent that goal was no longer obtainable.

Under the new rule, uncrewed aircraft system operators will be able to obtain temporary frequency assignments.

Ampaire has completed the critical design review for conversion of the Beechcraft King Air to hybrid-electric propulsion.

Beta is installing 22 chargers at locations along the U.S. East and Gulf Coasts.

Among air taxi OEMs, Eve Air Mobility was the only gainer, rising around 5% to $2.81.

CEO Dirk Hoke will leave Volocopter in February 2025 and Dieter Zetsche, former CEO of Daimler-Benz, has been named Chairman of the AAM startup's Advisory Board

PAL-V has signed a letter of intent (LOI) with airport owner Forum Group to establish an assembly and delivery center for the Liberty fly-drive vehicle.

The AAM Reality Index measures the likelihood of AAM startups certifying and commercializing their vehicles.

Brisbane's transport plan foresees UAM offering faster travel options to regional spots such as Gold Coast and direct access to the city center from major hubs.

China’s AeroHT, a subsidiary of electric vehicle manufacturer XPeng, has publicly debuted its Land Aircraft Carrier, but slipped first deliveries of the combination ground-air vehicle into 2026.

Aura Aero is closing in on certifying an aerobatic two-seater and working to raise the required equity to develop its 19-seat hybrid-electric regional aircraft.

Cycle life determines the economics of using batteries for applications including electric aircraft.

Funds raised will also be used to accelerate commercialization of the RX1E-A two-seat electric light sport aircraft.

Hydrogen’s energy density per unit mass is three times that of kerosene.

Archer appears to be on track to roll out its first conforming Midnight air taxi during the fourth quarter.

Japanese electric vertical-takeoff-and-landing (eVTOL) aircraft developer SkyDrive has raised additional funding from its Series C round.

Boeing’s former head of strategy, Marc Allen, is joining electric aircraft startup Electra.aero as CEO.

With a takeoff weight of 54 lb., the Skiron-XLE complies with FAA Part 107 regulations for small drones.

SkyDrive has signed an agreement with the Osaka Metro Co. to study using air taxis in the area after the 2025 World Expo there.