Vertical Aerospace has secured a conditional financing package worth up to $850 million, providing the U.K.-based eVTOL developer with a potential lifeline.
Gulf airlines continue to face heavy disruption, while U.S. carriers deal with a fuel cost surge and must compete against largely hedged European airlines.
Leading up to the eVTOL Integration Pilot Program, the agency learned lessons from Chinese drone manufacturers that now dominate the global consumer market.
DOT and FAA have selected eight pilot projects across the country to test operations involving eVTOL and other AAM aircraft under the new public-private eIPP.
Prague-based hybrid-VTOL startup Zuri is planning a major shift from years of subscale demonstrators to a full-envelope tiltrotor prototype flight campaign in 2026.
The key role business aviation could play in the rollout of advanced air mobility is clear in Archer Aviation’s unveiling of its planned air taxi network in South Florida.
Advanced air mobility startups are looking to defense for early revenues, so Electra.aero is forming a dedicated defense unit to pursue potential military uses.
Archer Aviation is choosing Karem Aircraft’s optimum-speed tiltrotor technology for the hybrid-electric VTOL that it is developing for the defense market.
Archer Aviation sees a deal to supply the hybrid power system to the Omen military drone being developed by Anduril and Edge Group as the beginning of a new revenue path for the company.