The global hybrid aircraft market size was valued at USD 1.07 billion in 2022 and is expected to reach USD 27.2 billion by 2032, according to a research report published by Spherical Insights & Consulting. […]
Piasecki Aircraft Corporation, a global producer of rotorcraft and aerial vehicles, has announced that it has been awarded a USD37 million multi-year contract by AFWERX, the Air Force’s innovation arm in conjunction with the Air […]
AIBOT, a California-based company developing an AI-defined electric vertical take-off and landing (aiEVTOL) aircraft and ecosystem, announced its recent award of a USD15 million grant from the California Competes Grant Program. This significant endorsement by […]
EHang Holdings Limited has announced third quarter 2023 revenues of RMB28.6 million (USD3.9 million), “representing an increase of 247.9% from RMB8.2 million in the third quarter of 2022, and an increase of 186.0% from RMB10.0 […]
Ascendance, manufacturer of hybrid-electric vertical takeoff and landing (eVTOL) airplanes and solutions to decarbonise flying, has teamed with Amedeo (Amedeo Capital Limited), a privately owned global Aircraft Lessor and Asset Manager, to accelerate the development […]
Today, Urban-Air Port® (UAP) released details of its collaboration with Micro Nav, global operators in simulation of air traffic management and airspace operations. This partnership the company says will allow UAP to precisely demonstrate the […]
South Korea will invest USD22.4 million to build a future aviation centre in the eastern city of Wonju for the development, demonstration, and technology evaluation of future aviation technologies according to the Aju Korea Daily […]
The Kansai Electric Power Company (KEPCO) and Vertical Aerospace Group have signed a Memorandum Of Understanding (MOU) to cooperate on the Advanced Air Mobility (AAM) opportunity, and will establish a joint working group to study, […]
On November 16 this year the Export-Import Bank of the United States (EXIM) President and Chair Reta Jo Lewis announced the EXIM Board of Directors’ approval of a USD169 million dollar loan to BETA Technologies, […]
Aircraft manufacturer Electra announced today that it has completed the first flights of its EL-2 Goldfinch, a hybrid-electric, ultra-short takeoff and landing (eSTOL) aircraft. “The Goldfinch completed its hybrid-electric flight on November 19, from the […]
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