Vertical becomes only the second company in the world to achieve piloted thrustborne flight manoeuvres with a full-scale vectored thrust eVTOL aircraft UK Civil Aviation Authority approves final stages of Phase 2 testing Strong start to 2025 as Vertical progresses towards flying full-scale piloted wingborne ahead of transition... Read More

Mudrick Capital Management enters into investment agreement to commit up to $50 million of new funding and converts $130 million debt into equity at fixed conversion price Shareholder support paves way for funding round expected to close in Q1 2025 LONDON & NEW YORK / Dec 23, 2024 / Business Wire / Vertical Aerospace Ltd.... Read More

LONDON & NEW YORK / Dec 20, 2024 / Business Wire / Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, today announces its financial results for the third quarter ended September 30, 2024. The third quarter 2024... Read More

LONDON & NEW YORK / Dec 13, 2024 / Business Wire / Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces it will hold an extraordinary general meeting of the shareholders of the Company (the “EGM”), to be held at 10:30 a.m. GMT on December 23, 2024 at the offices of the Company: 4th Floor, United House, 9... Read More

Vertical Aerospace secures agreement under which Mudrick Capital will commit up to $50 million in the next equity round, promoting financial stability. Transaction is expected to add approximately $180 million to Vertical’s balance sheet, including through the conversion of approximately $130 million of debt into equity,... Read More

Vertical’s VX4 prototype begins untethered, piloted thrustborne testing following expansion of Permit to Fly from the UK Civil Aviation Authority. Phase 2 of testing includes vertical take-off and landing and low-speed flight manoeuvres. The VX4 prototype has completed nearly 90 test points, measuring 35,000 flight and system... Read More

LONDON & NEW YORK / Nov 12, 2024 / Business Wire / Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, today announces "Flightpath 2030," its strategy for market leadership before the end of the decade. As Vertical... Read More

LONDON & NEW YORK / Nov 06, 2024 / Business Wire / Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces that it expects to share a business update pre-market on Tuesday, 12 November. Vertical will host a webcast at 08:30 am ET (13:30 GMT) the same day to discuss the update. The call will be hosted by Stuart... Read More

LONDON & NEW YORK / Sep 17, 2024 / Business Wire / Vertical Aerospace Ltd . (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the first half of the year ended June 30, 2024. Vertical has also issued a... Read More

LONDON & NEW YORK / Sep 17, 2024 / Business Wire / Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces it will hold an Extraordinary General Meeting (“EGM”) at 10:00 a.m. (GMT) on September 30th 2024 at the offices of the Company: 4th Floor, United House, 9 Pembridge Road, London W11 3JY, United Kingdom. This... Read More

LONDON & NEW YORK / Sep 16, 2024 / Business Wire / Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL, EVTLW), a global aerospace and technology company pioneering electric aviation, today announced a one-for-ten (1:10) reverse share split of its issued and unissued ordinary shares (the “ordinary shares”) and preferred shares, par value $0.0001 per share (the “Reverse Share Split”). The Reverse Share Split... Read More

Phase 1 included tethered flights, ground taxi testing and high-powered ground runs, all with a pilot on board. Vertical is now preparing to progress to piloted untethered thrustborne testing, as soon as it receives permission from the UK Civil Aviation Authority (CAA). The VX4 went from its first powered ground test to... Read More

LONDON & NEW YORK / Aug 16, 2024 / Business Wire / Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces it will hold its Annual General Meeting (AGM) at 12:30pm London Time on September 16 th 2024 at their Bristol Headquarters, Unit 1, Camwal Court, Chapel St, Bristol BS2 0UW. Shareholders are invited to... Read More

Vertical’s latest VX4 prototype has performed its first tethered piloted flight. “Wheels up” phase of flight test programme follows the UK Civil Aviation Authority issuing a Permit to Fly. Moment marks the latest development in Vertical’s journey towards certification. LONDON / Jul 26, 2024 / Business Wire / Vertical Aerospace... Read More

Testing for the new, more advanced VX4 prototype has begun with initial powered ground tests, including propeller balancing, complete at Vertical’s Flight Test Centre. Vertical will now conduct powered, propulsion testing ahead of “wheels up” phase with piloted flights, once the UK Civil Aviation Authority (CAA) has issued its... Read More

Vertical’s most advanced full-scale prototype is key step towards certification of aircraft. 60% of this prototype’s technology is from Vertical’s strategic aerospace partners GKN Aerospace, Hanwha, Honeywell, Leonardo, Molicel, Syensqo. First use of Vertical’s powerful proprietary battery technology, designed and built in the... Read More

Design Organisation Approval (DOA) scope extension shows further confidence from UK Civil Aviation Authority (CAA) in Vertical’s engineering capability as it progresses towards Type Certification. CAA and European Union Aviation Safety Agency (EASA) agree how they will collaborate on Vertical's VX4 certification activities. Vertical Aerospace has active certification validation projects across five major regulatory agencies... Read More

LONDON & NEW YORK / May 24, 2024 / Business Wire / Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, today announces its financial results for the first quarter ended March 31, 2024. The first quarter 2024 financial results filing can be found on the investor relations website . Stuart Simpson, CEO at Vertical, said... Read More

Vertical expects to complete final assembly of second, more advanced full-scale VX4 prototype in coming weeks; on track to begin flight test programme ahead of intended public demonstrations at Farnborough and Heathrow. Latest VX4 includes more than 60% components from aerospace technology partners and Vertical’s second-generation propellers and proprietary battery packs. FY23 net cash used in operating activities was £74.7... Read More

LONDON / Feb 22, 2024 / Business Wire / Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, entered into an investment agreement with its founder, majority shareholder and Chief Executive Officer, Stephen Fitzpatrick, in respect of a commitment by Mr. Fitzpatrick to provide up to $50 million of funding to the company in the form of an equity... Read More

Vertical wins further vote of confidence from the UK Government New £8 million grant brings total support to £37 million Award puts the UK at the forefront of novel air technology and urban air mobility Vertical will head a consortium of leading technology organisations and research institutions: the University of Glasgow, the University of Bristol, Cranfield University and Helitune LONDON & NEW YORK / Feb 20, 2024 /... Read More

Founder and CEO Stephen Fitzpatrick commits to invest $50 million equity capital into Vertical Aerospace Initial tranche of $25 million at $10 per share; second tranche of $25 million at a price to be determined Investment extends projected cash runway into Q2 2025 and will support the continued development of the certification aircraft design Vertical is engaged in discussions for further capital pending the flight test... Read More

LONDON & NEW YORK / Dec 01, 2023 / Business Wire / Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, today announced that it received a notice from the New York Stock Exchange (the "NYSE") on November 28, 2023, indicating that the company is not currently in compliance with the NYSE continued listing standard requiring a minimum average closing... Read More

Company Issues Shareholder Letter LONDON & NEW YORK / Nov 09, 2023 / Business Wire / Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the third quarter ended September 30, 2023. The Company has also issued a shareholder letter discussing its operating results and management... Read More

Preliminary investigation into August 9 incident swiftly completed, identifying the root cause to be a single component Vertical successfully concluded its remote thrustborne flight test campaign in July 2023 Certification timelines unchanged, with more advanced prototype aircraft in production and expected to be flying in early 2024 LONDON & NEW YORK / Aug 31, 2023 / Business Wire / Vertical Aerospace (Vertical) [NYSE:... Read More

Company Issues Shareholder Letter LONDON & NEW YORK / Aug 03, 2023 / Business Wire / Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the six months ended June 30, 2023. The Company has also issued a shareholder letter in conjunction with the filing of its first half-year results,... Read More

Kakao Mobility pre-orders up to 50 VX4 aircraft, adding South Korea to Vertical’s customer launch list market Kakao Mobility has over 30 million registered users for its existing Mobility-as-a-Service ride-hailing and will bring this expertise to create a seamless air-to-ground passenger journey Builds on Vertical’s existing consortium partnership for Korean government-backed K-UAM Grand Challenge LONDON & SEOUL / May 22,... Read More

Company Issues Shareholder Letter LONDON & NEW YORK / May 03, 2023 / Business Wire / Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the first quarter ended March 31, 2023. The Company has also issued a shareholder letter in conjunction with the filing of our first quarter 2023... Read More

LONDON & NEW YORK / Mar 22, 2023 / Business Wire / Vertical Aerospace Ltd . (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a leading aerospace and technology company that is pioneering electric aviation, announces that it has released a shareholder letter to its investor relations website, at investor.vertical-aerospace.com . The Company also filed its Annual Report on Form 20-F for the fiscal year ended December 31,... Read More

Continues the UK's long tradition of innovation, putting it at the forefront of electric battery development The Vertical Energy Centre (VEC) will support the design, test, manufacture and commercialisation of Vertical’s custom-made battery pack for its VX4 aircraft Creates high tech employment opportunities in the Southwest... Read More

John brings thirty years’ experience of senior executive roles in large, international companies, most recently as CEO of Ferguson plc (formerly Wolseley plc), the FTSE 100 distribution business John has served as CFO of Wolseley plc, Hays plc and Travelex Group, and is currently non-executive director of Ocado Group plc Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering... Read More

Vertical’s customers are progressing plans for safer, greener, easier flight in Japan’s cities and regions by the mid 2020s Marubeni is making a pre-delivery payment to Vertical to reserve early delivery slots for the first 25 out of 200 VX4 conditional pre-orders Japan will be a major eVTOL opportunity given the market... Read More

David brings over thirty years’ unparalleled experience in the aerospace engineering sector, having previously held senior roles at Leonardo and Bell At Vertical, David will be responsible for the technical development and overall performance of Vertical’s electric aircraft, the VX4 Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, today... Read More

Company Issues Shareholder Letter Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the third quarter ended September 30, 2022. The Company has also issued a shareholder letter discussing its operating results and management commentary, which is posted to its investor relations... Read More

Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, saw its VX4 eVTOL (electric vertical take-off and landing) aircraft take off from the ground for the very first time over the weekend. It becomes the first British company to start flight tests with... Read More

Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the six months ended June 30, 2022. The Company has also issued a shareholder letter discussing its operating results and management commentary, which is posted to its investor relations website at investor.vertical-aerospace.com.... Read More

Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, today announces the appointment of former McLaren Automotive CEO, Mike Flewitt, to the Board of Directors (the “Vertical Board”). An experienced leader in the world of automotive innovation and manufacturing, Mike further strengthens Vertical’s leadership team which draws from industry experts in... Read More

Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation and CAE [NYSE: CAE, TSE: CAE], a market leader in flight simulation and training, today announced that CAE will be the pilot training partner for Vertical’s launch eVTOL aircraft, the VX4. CAE will design and develop a world-class training program and be the exclusive training device provider,... Read More

Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, today announces a partnership with Babcock International (Babcock) [LON: BAB], the aerospace, defence and security company to explore new applications for its VX4 eVTOL aircraft. The VX4 has proven demand in the passenger transportation markets from established airline customers including Virgin... Read More

Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering electric aviation, announces today that FLYINGGROUP, one of Europe’s leading business jet operators, has conditionally pre-ordered up to 50 VX4 aircraft. FLYINGGROUP, which began operations in Antwerp in 1995, operates from... Read More

Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, today announces that it has confirmed delivery slots and the commitment of associated pre-delivery payments with American Airlines (NASDAQ: AAL). American has reserved delivery slots for the first 50 VX4 aircraft of its initial conditional pre-order of up to 250 aircraft, with an option for an... Read More

Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, today announces a strategic partnership with E-One Moli Energy Corp (Molicel), a leading manufacturer of lithium-ion cells, to supply high power cylindrical cells for Vertical’s VX4 eVTOL aircraft.... Read More

Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a leading aerospace and technology company that is pioneering electric aviation, announces that it has released a shareholder letter to its investor relations website at investor.vertical-aerospace.com , which includes complete operating results for the full year 2021 and management commentary. The company also filed its Annual Report on Form 20-F for... Read More

Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, today announces further progress on its path to certification, including the appointment of the former European Union Aviation Safety Agency’s (EASA) Certification Director, Trevor Woods, as Director – Regulatory Affairs. Concurrent EASA/CAA validation Vertical is also pleased to announce that... Read More

Vertical Aerospace (Vertical) [NYSE: EVTL] notes Avolon’s announcement today that it has exceeded its whole 500 unit pre-order of Vertical’s VX4 electric aircraft within nine months. Avolon, the world’s second largest aircraft lessor, pre-ordered 500 VX4s in June 2021, and as of today has placed all of these units, as well as an additional 50 aircraft options, with leading global airlines. This has been achieved by placing... Read More

Vertical Aerospace (Vertical) [NYSE: EVTL] notes Avolon’s announcement today that it will partner with AirAsia Aviation Group Ltd (AirAsia), Asia’s leading low-cost airline, to create a transformational ride sharing platform in Southeast Asia, including a non-binding memorandum of understanding to lease a minimum of 100 VX4s, Vertical’s flagship electric aircraft. As announced in June 2021, Avolon, the world’s second largest... Read More

Vertical Aerospace (“Vertical”) (NYSE:EVTL), a leading aerospace and technology company that is pioneering zero-emissions aviation, today announced that it has agreed a joint development program with Leonardo for the design, testing, manufacture and supply of the carbon composite fuselage for Vertical’s VX4 electric aircraft. Vertical and Leonardo will work together on optimising lightweight composite structures, modular... Read More