While China may dominate the Asian market in terms of orders, it certainly is not alone in the Asia-Pacific region in joining the advanced-air-mobility (AAM) industry.
Montreal-based startup VPorts plans to build a network of vertiports in Quebec, focused initially on regional cargo and medical transportation using electric vertical takeoff and landing aircraft.
Victoria Madden has left her role as British Airways head of global PR and social media to join Vertical Aerospace, the UK-based electric airplane manufacturer, in the new position of head of communications.
Private equity investors CIC Partners and Juniper Capital Management have teamed to buy Applegate EDM and Icon Machine, both in the Dallas area, to create a new portfolio company called Precision Aerospace that focuses on exotic and precision metal work for defense and commercial space.
OQ Technology, a 5G Internet-of-Things satellite startup, has received a €13 million ($12.9 million) Series A investment led by Wa’ed Ventures, the venture capital arm of oil-and-gas company Saudi Aramco.