Embraer’s urban air mobility spinoff Eve Holding listed publicly on the New York Stock Exchange on May 10 after completing its merger with blank-check company Zanite Acquisition.
Energy company Shell, already a strategic investor in ZeroAvia, is to supply hydrogen to the zero-emission propulsion startup’s base in California to support flight testing of its fuel-cell powertrain.
The Advanced Air Mobility Report’s AAM Stock Composite refrains from looking at the daily ups and downs of stock prices. Four months of results, however, point to the reality.
Embraer’s urban air mobility spinoff Eve UAM will list publicly on the New York Stock Exchange on May 10 after closing a merger with blank-check company Zanite Acquisition that raised less funding than hoped for.
With the first signs of certification dates being pushed back, does an advanced air mobility industry that attracted billions of dollars in investment over recent months have enough money in hand to meet its aggressive targets?
UK startup Vertical Aerospace has pushed back certification and first deliveries of its VX4 air taxi to 2025, from 2024, as it prepares to begin flight tests of its full-scale demonstrator this summer.
Despite the Russia-Ukraine war and volatility in the stock market, business aircraft activity at Textron Aviation has remained strong during the first quarter of 2022, company officials say.
Beyond developing and producing an air vehicle that meets civil aviation authority certification standards, advanced air mobility companies also must certify how the aircraft will be serviced and maintained, and their flight operations also must be certified.
Helicopter and fixed-wing aircraft lessor LCI has placed a firm order for 50 Beta Technologies Alia-250 electric vertical takeoff and landing vehicles with an option for another 75.
Autonomous electric aircraft developer Pyka has closed a $37 million Series A funding round to support production of its Pelican uncrewed crop sprayer and develop a cargo version of the aircraft.
When Aviation Week’s Advanced Air Mobility Report began following the composite performance of AAM’s publicly traded stocks, it was a given that the composite would show the typical results of a startup company–in this case a group of companies.
Chinese startup TCab Tech has conducted transition flight tests with a 50%-scale demonstrator of its planned E20 electric vertical takeoff and landing air taxi.
So far, Beta Technologies and Volocopter are showing it is possible to build a billion-dollar business in advanced air mobility without the distraction of going public.
BAE Systems plans to provide energy-management components, including the battery and cabling, for the megawatt-class hybrid electric propulsion system being developed by GE Aviation under the recently awarded NASA Electrified Powertrain Flight Demonstration project.
New Zealand’s Ocean Flyer, a new company formed by the owner of small charter operator Air Napier, has placed firm deposits with U.S. startup Regent for 25 sea-skimming electric seagliders for harbor-to-harbor overwater regional transportation.
Management changes are not unusual as companies go through their different phases of growth, but Archer Aviation’s April 19 announcement that co-founder and co-CEO Adam Goldstein had been named the startup’s sole CEO came as a surprise to many.
A potential order for five electric vertical takeoff and landing aircraft by the U.S. Air Force in fiscal 2023 may not register on lists of the largest customers for the flying taxi industry, but could still have a major impact on the experimental technology.
