AAM_Business

Boeing has taken full control of self-flying air taxi developer Wisk.

Low-speed, multiblade rim-driven rotor aims to overcome limitations of conventional rotors.

Stephen Fitzpatrick, the company’s founder and CEO, recently sat down with the AAM Report to share his thoughts.

Natilus has selected ZeroAvia to supply its hydrogen-electric powertrain as an option for the autonomous, blended-wing-body (BWB) Kona aircraft.

Lilium has signed a pair of firm agreements for its Pioneer Edition Lilium Jet with two European operators.

Asked whether the aspiration to have certifiable AAM aircraft flying by 2025 was realistic, panelists reached an emphatic conclusion: absolutely yes.

UK electric air taxi startup Vertical Aerospace has signed an agreement with Kakao Mobility of South Korea for 50 preorders of its VX4 eVTOL vehicle.

U.S. startup Doroni Aerospace has launched a Series A offering, aiming to raise $20-30 million to develop its H1 Hummingbird two-seat personal eVTOL vehicle.

The Alice is a clean-sheet battery-electric commuter airplane with a traditional conventional-takeoff-and-landing (CTOL) design.

Swedish aircraft lessor and investment company Rockton has firmed up a letter of intent (LoI) for 40 hybrid-electric ES-30 aircraft from Heart Aerospace.

Joby, Lilium and Archer have secured additional funding from existing investors.

Archer Aviation has announced the establishment of a new Government Services Advisory Board, staffed by a cadre of retired military officers.

Swiss electric seaplane startup Jekta has signed a memorandum of understanding (MOU) with Honeywell.

The memorandum of understanding signed by the two companies establishes a cooperative framework in a number of areas.

The hybrid CP-01 is capable of carrying six passengers or 600 kg (1,500 lb.) of cargo up to 500 km (310.6 mi.) at a cruise speed of 300 km/hr. (186.4 mph).

A relative newcomer to electric-vertical-takeoff-and-landing, the UK’s MGI Engineering is not exactly a startup.

Joby Aviation has announced that existing shareholder Baillee Gifford will purchase an additional $180 million in newly issued shares.

Japanese drone manufacturer ACSL has entered the U.S. market.

ST Engineering says the Veloce 60 (V60) vertical-takeoff-and-landing (VTOL) drone is in its final stage of development and nearing production.

German air taxi startup Lilium has announced a plan to raise up to $250 million in fresh capital.

The United Arab Emirates plans to establish a manufacturing facility for electric passenger and cargo aircraft and drones.

Brazilian helicopter operator Helisul Aviation has expanded its interest in electric-vertical-takeoff-and-landing aircraft.

Joby Aviation plans to buy “key powertrain and actuation components” from the Toyota Motor Company for its electric-vertical-takeoff-and-landing aircraft.

Taipei-based GEOSAT Aerospace and Technology Inc. and Sainte-Menehould, France-based Cavok UAS signed the agreement on April 23.

The first two Joby aircraft are expected to be delivered to Edwards AFB, California, by early 2024.