Vertical Aerospace

The arduous timeline to certify a passenger-carrying eVTOL aircraft has forced some contenders out of the race.

The Virgin-Joby pairing marks a major loss for Bristol-based Vertical.

The company says it has completed the thrust-borne portion of its flight test campaign.

Vertical Aerospace has appointed Eamonn Brennan, former director general of Eurocontrol and chief executive of the Irish Aviation Authority, as an adviser to its board.

As updates continue to fly out from advanced air mobility startups, Aviation Week editors are joined by consultant Sergio Cecutta to cut through the noise and assess where the fledgling market is at.

The UK air taxi startup Vertical Aerospace plunged 60% last month to $5.13, by far the biggest loss in the index.

The deal will net the UK startup $84 million after deducting fees related to the transaction.

The sector seems more real than ever as eVTOL-makers ramp up production of full-scale aircraft.

The UK eVTOL startup showcases progress with aircraft and battery development as it prepares to close a vital new funding round.

Company staff explained details of progress on aircraft design and build, battery development and flight testing, as work continues to certify the platform.

The divergence between the prospects of eVTOL startups in Europe and the U.S. is growing starker by the week.

Vertical said on Jan. 8 that it has completed an initial series of piloted, low-speed thrust-borne flight maneuvers.

Air taxi startups in Europe are in big trouble, calling into question the region’s future position in the growing advanced air mobility industry.

Archer finished 2024 at $9.75, up 59% from its 2023 result of $6.14, boosted by a better than 200% share price surge that began in November.

The investment comes as part of a transaction that will raise up to $180 million for Vertical.

Europe’s air taxi startups have fallen behind their U.S. rivals, and the gap appears to be growing.

Market leaders are gradually ramping up production as focus shifts to the manufacture of type-conforming aircraft for use in certification flight testing.

The AAM Reality Index evaluates companies’ likelihood of success in bringing an advanced air mobility aircraft to market.

Joby has completed its first series of flight tests as part of South Korea’s K-UAM Grand Challenge.

Our roundup of the main aerospace and defense stories making the news this week.

Vertical’s near-term funding concerns were resolved on Nov. 25.

The rally kicked off early this month when Archer and Joby provided upbeat assessments of their certification and manufacturing progress.

Founder and former CEO Stephen Fitzpatrick, who fought to retain control of the company, will stay on as a board member.

The AAM industry has endured a tough couple of years, during which capital markets have mostly dried up for all but the most bullish market leaders.

Our roundup of the main aerospace and defense stories making the news this week.