GUANGZHOU, China, Dec. 27, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) ("EHang" or the "Company"), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced a comprehensive strategic partnership with China Communications Information & Technology Group Co., Ltd. ("CCIT") in the fields of the low-altitude economy and advanced air mobility... Read more
GUANGZHOU, China, Dec. 27, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced that the Company, as a leader in the electric vertical takeoff and landing aircraft (“eVTOL”) sector, has signed a project cooperation agreement (the “Agreement”) with the... Read more
Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased an aggregate total of 31,737 shares of Surf Air Mobility Inc. common stock. Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced that Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani,... Read more
GUANGZHOU, China, Dec. 26, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) ("EHang" or the “Company"), the world’s leading Urban Air Mobility (“UAM”) technology platform company, announced a strategic partnership with the People’s Government of Fangshan District, Beijing ("Fangshan District Government"). Together, the two parties aim to advance the low-altitude emergency rescue... 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. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global... Read more
GUANGZHOU, China, Dec. 21, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) ("EHang" or the "Company"), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced the signing of a strategic cooperation agreement with Chongqing Changan Automobile Co., Ltd., (“Changan Automobile”), a leading Chinese car manufacturer listed on the Shenzhen Stock... Read more
Type Inspection Authorization is considered the final phase of aircraft certification ahead of commercial service Tests were completed using an FAA-conforming flight deck in a Joby simulator Company targets 2025 to start TIA flight testing with first FAA-conforming aircraft, currently being built SANTA CRUZ, Calif. / Dec 20, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing... 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 financial results filing can be found on the Company’s investor relations... Read more
Earlier this week Archer received the certificate of occupancy for its ~400,000 square foot aircraft manufacturing facility—referred to as ARC—in Covington, GA and held a commemorative ribbon cutting ceremony Tooling load-in is already underway ahead of the planned start of initial production beginning in early 2025, with the goal being to ramp production to a rate of two aircraft per month... Read more
Mr. Anderman previously served as General Counsel of SpaceX and COO/General Counsel of Lucasfilm Ltd. Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced the appointment of David Anderman to the Company’s board of directors effective December 17, 2024. Mr. Anderman served as Chief Legal Officer of Surf Air from June 2023... Read more
SANTA CRUZ, Calif. / Dec 17, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has completed a landmark series of major aerostructure tests for certification credit with the Federal Aviation Administration (“FAA”). Joby has successfully completed static load testing of the tail structure, marking... Read more
SANTA CRUZ, Calif. & GOHEUNG, South Korea / Dec 13, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has successfully completed a series of flight tests in Korea as part of the K-UAM Grand Challenge. Joby is the first electric air taxi company to complete flights as part of the program, which was... Read more
Anduril Industries Inc. (“Anduril”) and Archer Aviation Inc. (“Archer”) announced today that they have entered into an exclusive agreement to jointly develop a next-generation aircraft for defense applications. The companies’ first product from this partnership is planned to be a hybrid-propulsion, vertical-take-off-and landing (“VTOL”) aircraft that will target a potential program... Read more
Joby service to be integrated into Jetex’s network of flagship private terminals Joby charging stations to be installed at Jetex sites across Middle East Partnership lays the groundwork for a global rollout of sustainable air taxi infrastructure SANTA CRUZ, Calif. & DUBAI, United Arab Emirates / Dec 10, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric... Read more
Ms. White has served as Surf Air Mobility’s Interim CEO & COO since May 2024, and had previously served as the Company’s CFO. Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”, “Surf Air”), a leading regional air mobility platform, announced today it has appointed Deanna White to the position of Chief Executive Officer & Chief Operating Officer, after having served as the... Read more
The partnership brings together key entities across the aviation sector in Abu Dhabi, with Archer Aviation Inc. (‘Archer’) serving as the primary eVTOL aircraft manufacturer for the Emirate’s planned electric air taxi operations Agreement positions Archer as the first in Abu Dhabi to establish manufacturing capabilities Abu Dhabi Investment Office (ADIO) to facilitate the safe launch of commercial... Read more
Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air”), a leading regional air mobility platform, announced today it has taken delivery of four Cessna Grand Caravan EX turboprop aircraft from Textron Aviation. These four aircraft are the first deliveries of Surf Air’s previously announced fleet order with Textron Aviation. Surf Air is financing two of these aircraft through operating leases with I... Read more
Flight Academy will help to establish a pipeline of qualified pilots in advance of commercial operations Joby was also accepted into the FAA Part 5 Voluntary Safety Management System (SMS) for Air Operations Company completes two requirements to launch commercial operations SANTA CRUZ, Calif. / Dec 03, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air... 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, significantly reducing Vertical’s debt. The conversion price of the remaining... Read more
Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced last week its four-phase Transformation Plan and a $50 million term loan that positions the Company to achieve profitability in its airline operations. Today, the Company is announcing that it has posted details about its Transformation Plan and a new investor presentation on... Read more
DENVER, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Inspirato Incorporated (“Inspirato” or the “Company”) (NASDAQ: ISPO), the premier members-only luxury vacation club, announced a strategic partnership with BLADE Urban Air Mobility (“BLADE”), a pioneering leader in short-distance aviation. This collaboration provides Inspirato members with access to BLADE’s helicopter services, bringing them... Read more
Record-High Quarterly Revenues, Up 347.8% YoY Achieved Quarterly Adjusted Operating Income2 (non-GAAP) and the Second Consecutive Quarter of Adjusted Net Income3 (non-GAAP) Maintained Positive Operating Cash Flow for the Fourth Consecutive Quarter Over US$22 Million Strategic PIPE Investment to Further Strengthen Liquidity Significant eVTOL Sales and Operational Progress in Pioneering Chinese... Read more
GUANGZHOU, China, Nov. 15, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced that it has signed a cooperation framework agreement (“Agreement”) with Zhejiang Sunriver Culture and Tourism Co., Ltd. (“Sunriver”, 600576.SH), a China A-share listed company,... Read more
Company Receives Four Year Term Loan from Comvest Partners, a Multi-Billion-Dollar Investment Management Firm At SOFR +5%, Term Loan Lowers Company’s Cost of Capital and Minimizes Dilution Robust Cash Position Enables New Management Team to Advance Four Phase Transformation Plan LOS ANGELES / Nov 14, 2024 / Business Wire / Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”), a leading... Read more
$50 Million Term Loan Secured to Fund Transformation Plan and Path to Profitability Revenue of $28.4 Million as Compared with Revenue of $28.9 Million on a Pro Forma Basis in the Prior Year, Exceeding Expectations of $25 - $28 Million Adjusted EBITDA Loss of $8.9 Million, Flat as Compared to Prior Year on a Pro Forma Basis, Exceeding Expectations of a Loss of $10 - $13 Million LOS ANGELES /... Read more
GUANGZHOU, China, Nov. 13, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced a significant breakthrough in the development of high-energy solid-state battery technology, in collaboration with the Low-Altitude Economy Battery Research Institute of the Hefei... Read more
GUANGZHOU, China, Nov. 13, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced the launch of a UAM Hub (the “Hub”) at Luogang Central Park in Hefei, Anhui Province, marking the second vertiport established in Luogang Park following the opening of the Urban... Read more
SANTA CRUZ, Calif. / Nov 12, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced that construction has begun on the first vertiport in its planned Dubai air taxi network. Situated at Dubai International Airport (“DXB”), the vertiport is being constructed by Joby partners Dubai Road and Transport... 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 parameters, producing several thousand gigabytes of data. LONDON... Read more
Operating Cash Flow increased by $4.3 million to $6.4 million in Q3 2024; Free Cash Flow, Before Aircraft Acquisitions, increased by $2.4 million to $3.7 million in Q3 2024(1) Medical Segment Adjusted EBITDA improved 15.1% in Q3 2024 versus the prior year Passenger Segment Adjusted EBITDA increased by $2.8 million and we achieved trailing twelve month Segment Adjusted EBITDA profitability in... Read more
COPYRIGHT ©2022 GREEN STOCK NEWS