The CEO of Lilium says the company may have to leave Germany if it cannot secure government funding for development and certification of its Lilium Jet.
Vertical Aerospace has announced the appointment of Stuart Simpson as new CEO, replacing founder Stephen Fitzpatrick, who will join the company’s board of directors.
A widening gap between the well-capitalized and poorly capitalized startups suggests that not all the publicly traded players will make it to entry into service
Startup Vertical Aerospace has won an £8 million ($10 million) grant from the UK government to develop next-generation propellers for its VX4 eVTOL air taxi .
Vertical Aerospace CEO Stephen Fitzpatrick took action this week to reassure viability of his company by committing up to $50 million in additional capital.
A UK team completes ATM simulations for advanced air mobility while an EU-funded project staff addresses the transition from piloted to automated flights.