As third-quarter financial results for advanced air mobility’s publicly held companies began rolling out, the primary message is they are on track in spending for research and development.
The Blade Air Mobility technology-powered air-mobility platform posted third-quarter revenues up 125%, to $45.7 million, versus $20.3 million for the year-ago period.
Embraer posted revenue of $271.7 million in its executive aviation division, up 6% from a year ago, and reaffirmed its projection to deliver 100-110 executive jets during 2022.
Listening to analysts parse stock market performance as a follow-on to Nov. 4’s U.S. jobs report, higher unemployment rates equate to improvement—indicating some slack for companies struggling under a shortage of employees or supply chain problems stemming from labor shortages.
Australian electric air taxi startup AMSL Aero is among 12 projects that have been awarded federal government grants under the first round of the Emerging Aviation Technology Partnerships program.
The Advanced Air Mobility Composite for publicly held AAM stocks closed Oct. 17 down 4% for the five-day period compared to the previous five days of Oct. 3-10.
Despite a sharp uptick in stock prices Oct. 17, it was not enough to prevent the Advanced Air Mobility Stock Composite average to remain in the red for the fourth week in a row.
Raytheon Technologies has made a minority investment in Swiss electric propulsion startup H55, a technology spinoff from the Solar Impulse solar-powered, around-the-world aircraft project.
U.S. regional air travel provider Surf Air Mobility has agreed to the main terms of a $450 million deal with leading turboprop lessor Jetstream Aviation Capital to fund the growth and electrification of its aircraft fleet.
The Advanced Air Mobility Stock Composite for the industry’s publicly held companies declined by 1% for the 10-day trading period between Sept. 27 and Oct. 10.
Sierra Nevada Corp. is moving into the original equipment manufacturer world for large uncrewed aircraft, announcing Oct. 10 it has acquired the UAV portfolio and intellectual property from Volansi.
The Advanced Air Mobility OEM Reality Index and Infrastructure Readiness Index reflect continued progress in the industry, from first flights to demonstrations that prove out flight, operations and infrastructure.
Amid cautions from the United Nations (U.N.) concerning higher interest rates and the Standard & Poor’s 500 Index experiencing its worst monthly drop since March 2020 in September, the month of October opened as better in general in terms of stock performance.
The Federal Reserve’s meeting on Sept. 22 lived up to expectations, with the Fed increasing interest rates by three-quarters of a point, the third consecutive increase and fifth hike in 2022.
The advanced air mobility industry’s publicly traded companies in the AAM Composite showed a 7% increase in average price for the five days beginning Sept. 13 and ending Sept. 19 over the previous five-day period.
Swedish startup Jetson is closing a $10 million seed round to fund production of its single-seat ultralight electric vertical takeoff and landing vehicle.
Luxury hoverbike developer Aerwins Technologies has announced plans to go public through a deal with Hawaii-based special-purpose acquisition company Pono Capital.
It was a brutal week for the Advanced Air Mobility Stock Composite, which was down close to 40% from the average price of $51 overall on Aug. 22 to $31.15 overall for the five days ending Aug. 29.
