As Farnborough bursts back onto the global events scene, advanced air mobility—a market that has gained in prominence over the pandemic—is high on the agenda.
Changes in the funding environment for advanced air mobility startups come at a time when the companies are entering the most expensive phase of their existence.
Vertical Aerospace and Babcock International are exploring application of the VX4 electric vertical takeoff and landing air taxi to emergency medical services and cargo transportation.
Does the luxury lifestyle market have a role to play in advanced air mobility? Perhaps, based on two new agreements, although the companies involved are far from leaders in the nascent industry.
German start-up carrier Evia Aero has signed a letter of intent with Cranfield Aerospace Solutions (CAeS) to buy 10 conversion kits that will enable nine-seat Britten Norman Islander aircraft to fly regional routes in northern Europe on hydrogen.
Boston-based autonomous flight startup Merlin Labs has completed a $105 million Series B round, bringing the total funding raised so far to $130 million.
Global commercial helicopter operator Bristow Group has signed a letter of intent with Elroy Air to order up to 100 Chaparral hybrid-electric vertical takeoff and landing uncrewed cargo aircraft for logistics, health care and energy markets.
The overall AAM Stock Composite stopped the declines of the past three weeks, finishing with a right at 1% increase for the five-day period ending July 11 compared to the week prior.
Iris Automation and Sagetech Avionics have partnered to bring cooperative and noncooperative traffic detection and collision avoidance capabilities to drones operating beyond visual line of sight.
UK electric propulsion startup Evolito has acquired battery developer Electroflight, expanding its business to encompass motors, controllers and energy storage systems.
Guardian Agriculture, a U.S. startup developing an autonomous crop protection aircraft, has secured a multimillion-dollar partnership with Wilbur-Ellis, a manufacturer of agriculture products and chemicals.
Australian regional airline Skytrans has partnered with local startup Stralis Aircraft to convert a 19-seat Beech 1900D turboprop to hydrogen-electric propulsion for flight trials in 2025.
China’s Duofo Group has acquired Italian ultralight helicopter manufacturer Fama Helicopters with the goal of expanding into uncrewed aircraft and electric vertical takeoff and landing vehicles.
Advanced air mobility publicly held companies are staying the course for a startup industry—a roller coaster that saw the average price increase by 15.8% a week ago and then fall by 19.8% this week.
Spanish unmanned-aircraft manufacturer Umiles has unveiled a concept prototype of an electric air-taxi and its design for a piloted two-passenger production aircraft, the Integrity3. A single-seat design, but remotely piloted, the prototype is planned to fly mid-year.
The advanced-air-mobility supply base is widening, with Airbus selecting automotive industry players KLK Motorsport and M&F Gerg to design and produce the rear fuselage of the CityAirbus NextGen electric vertical-takeoff-and-landing air taxi.
