German news source Gründerszene reports that Lilium “has not yet been able to close a deal with an investor and has laid off almost all of its employees on Friday afternoon. According to information from […]
Vertical Aerospace Ltd reports it has entered into definitive documents and received shareholder approval for a transaction that includes up to USD50 million in new committed funding. “Today’s announcement marks the significant advancement of the […]
Horizon Aircraft has announced it has received an investment from a strategic investor and aerospace supporter, for aggregate proceeds of CAD8.4 million. “The strategic financing will fortify Horizon Aircraft’s balance sheet, provide stability in the […]
On December 21, 2024, Changan Automobile and EHang Intelligent signed a Flying Car Cooperation Agreement. According to media reports from China, Changan Automobile will invest over 20 billion yuan in the low-altitude economy sector, working […]
The European Union Aviation Safety Agency (EASA) has published the NORAH2 software prototype and noise hemispheres database, the NORAH2 tool, to estimate the noise on the ground generated by rotorcraft operations. NORAH2 was developed as […]
Joby Aviation today announced it has entered the final phase of certification for its electric air taxi, having conducted its first FAA testing under Type Inspection Authorization (TIA). The testing involved pilots from the Federal […]
The German research centre DLR has started work on the Vertiport Research Infrastructure for Innovation Exploration and Demonstration (VERTIFIED) project, as a next step towards the safe introduction of air taxis and the necessary infrastructure […]
The latest edition of the Advanced Air Mobility Index from SMG Consulting sees EHang, followed by Beta and Joby topping the eVTOL reality index list. According to the accompanying market overview: “Seven ratings have been […]
The eVTOL aircraft market size is projected to grow from USD 1.2 Billion in 2023 to USD 23.4 Billion by 2030, at a CAGR of 52.0% from 2023 to 2030, according to the latest MarketsandMarkets forecast. […]
Archer Aviation Inc announced today that earlier this week it received the certificate of occupancy for its high-volume manufacturing facility, ARC, which is connected to the Covington Municipal Airport in Georgia. “Archer is now working […]
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