South Korean automaker Hyundai has restated its ambition to dominate the global urban air mobility market and outlined plans to develop a family of passenger and cargo vehicles to be fielded beginning in 2026.
The Emirates Group has announced its half-year results for its 2020-21 financial year. Group revenue was AED 13.7 billion (US$ 3.7 billion) for the first six months of 2020-21, down 74% from AED 53.3 billion (US$ 14.5 billion) during the same period last year.
Joby Aviation has become the first manufacturer to receive airworthiness approval for its electric air taxi under the U.S. Air Force’s Agility Prime initiative.
The Organisers of Saudi International Airshow have renewed a partnership with Riyadh Exhibitions Company (REC), as the exclusive event partner in the Kingdom.
German startup Lilium has partnered with Lufthansa Flight Training to develop a pilot sourcing and training program that will support its planned global deployment of regional air mobility services.
UK venture capital outfit Octopus Ventures and investment firm BGF joined existing Orbex investors High-Tech Gründerfonds, Heartcore Capital and Elecnor S.A. in a new funding round for the launch company.