The merger values the electric air taxi developer at $2.4 billion, a price backed up by the largest conditional orderbook in the advanced air mobility market.
Completion of Vertical Aerospace’s going-public merger with blank-check company Broadstone Acquisition on Dec. 16 took the total announced funding raised in 2021 by the nascent advanced air mobility industry to more than $5 billion.
Bristow's partnership with California-based Overair covers the potential purchase of 20-50 of the startup’s Butterfly quad-tiltrotor platforms and collaboration on commercialization of the platform.
New York-based seaplane airline Tailwind Air has partnered with Airflow.aero to develop an amphibious, float-equipped version of the startup’s planned electric short takeoff and landing aircraft.
German regional air-mobility startup Flyv has partnered with U.S. aircraft developer Electra.aero to enable an on-demand service flying between underserved markets in Europe using electric aircraft.
Zero-emissions propulsion startup ZeroAvia has signed an MOU with De Havilland Canada (DHC) to offer its hydrogen-electric powertrain for retrofit or production-line installation in the Dash 8-400 regional turboprop.
The U.S. Air Force’s AFWerx innovation unit has narrowed the competition down to 11 companies for its challenge to identify potential high-speed vertical takeoff and landing concepts for special operation missions.
In the run-up to the start of test flights of the Alice aircraft, startup developer Eviation has revealed the interior design details of a six-passenger executive cabin version of its all-electric regional transport.
Autonomous flight system developer Merlin Labs announced Dec. 10 that it has reached agreement with Ameriflight to equip the cargo carrier’s fleet with autonomous and semi-autonomous capability.
The agreement with Heart Aerospace for the G3000 integrated avionics suite represents a further expansion by Garmin into the regional air transport market as well as into electric aviation.
Australian interest in advanced air mobility is intensifying, with two local operators signing agreements with Embraer company Eve Urban Air Mobility for a total of 60 electric air taxis.
AirMap's unmanned aircraft systems traffic management (UTM) platform will enable DroneUp to expand its operations to be able to fly drones beyond visual line of sight (BVLOS) of a remote pilot, a capability considered key to the industry’s success.
U.S. commuter airline Southern Airways Express has become the first to place firm orders for a new form of regional transportation, the all-electric wing-in-ground-effect seagliders under development by startup Regent Craft.
Startup Heart Aerospace has selected the Spanish aerostructures company to build the fuselage, empennage and wing for its all-electric regional airliner the ES-19.
Japan’s SoftBank is to issue its first sustainability bond to raise funds for its high-altitude platform system business, which plans to operate solar-powered stratospheric unmanned aircraft as airborne base stations for internet connectivity.
In South Korea Volocopter and Kakao Mobility are to study the feasibility of operating UAM services, a technology that Seoul wants to see commercialized by 2025.
