SANTA CRUZ, Calif. / Oct 24, 2024 / Business Wire / Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, announced today that it has launched an underwritten public offering to sell up to $200.0 million of its shares of common stock. All of the shares of common stock are being offered by Joby. In addition, Joby intends to grant the underwriters... Read more
Two companies combining their flight data and analytics platforms to inform eVTOL flight safety standards Lilium to deploy GE technology to all Lilium Jet operators, starting with Lilium’s own flight test campaign GE Aerospace’s Event Measurement System (EMS) is used globally by 60 airlines and more than 500 business jet operators LAS VEGAS, Oct. 23, 2024 (GLOBE NEWSWIRE) -- With eVTOLs... Read more
SANTA CRUZ, Calif. / Oct 22, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today welcomed the release of new rules designed to enable the operation of Joby’s revolutionary aircraft in the United States. Published by the Federal Aviation Administration (“FAA”), the Special Federal Aviation Regulation (“SFAR”)... Read more
Investment to be made in two equal tranches, with the first targeted to close later this year and the second in 2025 Funds will support certification and commercial production of Joby's electric air taxi Investment terms to include plans to establish a manufacturing alliance for the first phase of commercialization Will bring total investment from Toyota Motor Corporation in Joby to $894 mi... Read more
Systems power-on paves the way for start of Lilium Jet ground testing campaign The first Lilium Jet – MSN 1 – will be used to confirm safety for first piloted flight planned for early 2025 MSN 2, the first aircraft that Lilium will fly with a pilot on board, is now in final assembly MUNICH, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), a leading electric aircraft manufacturer... Read more
Houston-based aircraft brokerage EMCJET will showcase the Lilium Jet for the very first time in the U.S. at Galaxy FBO Galaxy FBO is partnering with Lilium to ensure accessibility for the Lilium Jet at their Houston-area facilities – Houston Hobby Airport, Conroe North Houston Regional Airport, and The Woodlands Heliport Lilium is collaborating with The Greater Houston Partnership to host a... Read more
GUANGZHOU, China, Sept. 24, 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 major milestone with the successful completion of the first flight of its EH216-S pilotless eVTOL in Brazil. EH216-S completed the first flight in Brazil EHang's first trial... 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 shareholder letter in conjunction with the filing of its first half-year... Read more
GUANGZHOU, China, Sept. 16, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, announced that its EH216-S pilotless electric Vertical Take-Off and Landing (“eVTOL”) aircraft system has obtained an Experimental Flight Authorization Certificate (“CAVE”) from Brazil’s... 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 'wheels up’ in just one week – three times faster than the previous pr... Read more
Philippe Balducchi is CFO of KNDS, one of Europe’s largest defense companies Previously: CEO of Airbus Canada, Head of Bombardier C-Series/A220 integration, CFO of Airbus North America Appointment due at EGM on September 18, 2024 MUNICH, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today... Read more
SANTA CRUZ, Calif. / Sep 10, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has taken the first step towards becoming a certified air taxi operator in the United Arab Emirates. During the International Civil Aviation Organization’s inaugural Advanced Air Mobility Summit, taking place in Montreal,... Read more
NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq: BLDE, “BLADE”), a global Urban Air Mobility company that runs scheduled flights year-round between Nice and Monaco every 30 minutes, announces its interline partnership with leading global airline, Qatar Airways. This partnership enables Qatar Airways passengers to travel to or from Monaco on a single ticket, seamlessly... Read more
SANTA CLARA, Calif. / Sep 03, 2024 / Business Wire / Today Archer Aviation announced that it has completed 402 test flights so far this year, surpassing the 400 test flight goal it set for 2024 approximately four months ahead of schedule. The 400 plus flights were conducted over the last eight months as the company ramps flight test operations in advance of for-credit flight testing with the FAA. Adam... Read more
Quarterly Revenues Up 919.6% YoY, Highest Growth Rate in Company History Achieved Quarterly Adjusted Net Income3 (non-GAAP) Maintained Positive Operating Cash Flow for the Third Consecutive Quarter Strengthened Liquidity Position with US$76.2 Million Raised Year-to-Date through an At-the-Market Equity Offering, Which Will Not Continue for Remainder of 2024 Secured EH216-S Production Certificate... Read more
Key milestone towards verification of safety of flight and type-certification of the Lilium Jet New lab precisely replicates the Lilium Jet’s electric powertrain from battery pack to engine MUNICH, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has successfully completed the first phase of integration... Read more
Revenue of $32.4 million, up 13.2% Year-Over-Year on a Pro Forma Basis, Exceeding Expectations Adjusted EBITDA Loss of $11.8 million as Compared with a Loss of $11.1 Million on a Pro Forma Basis in the Prior Year, Materially Outperforming Expectations Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today reported financial results for the second quarter ended June... Read more
Archer and Future Flight Global have signed a memorandum of understanding (MOU) for the planned purchase of up to 116 Midnight Aircraft worth up to $580M Along with this MOU, Future Flight Global made an initial deposit, and the MOU sets out nearly $5M in pre-delivery payments to be paid upon the completion of the parties’ definitive aircraft purchase agreement Future Flight Global was founded... Read more
The companies have been working together since 2021 deploying operator software used by Surf Air Mobility. Surf Air will leverage Palantir’s AIP to build a unique and transformative set of software tools for regional air operators and electrified aircraft OEMs. Surf Air Mobility (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”), a leading regional air mobility platform, has announced that... Read more
Parties Agree to Cancel Previously Issued Shares, Restrict Sales, Provide for Redemption Rights, and Restore Capacity Under $400 Million Share Subscription Facility Surf Air Mobility Inc. (NYSE: SRFM) (the “Company”), a leading regional air mobility platform, today announced that it closed the previously announced issuance and sale to GEM of a mandatory convertible security (the “Security”).... Read more
Archer plans to launch the network in Los Angeles to replace one-to-two-hour drives with 10-20 minute electric flights Archer’s planned network includes take-off and landing locations at Los Angeles International Airport, University of Southern California, Orange County, Santa Monica, Hollywood Burbank, Long Beach and Van Nuys Archer is also coordinating with the Los Angeles Rams and Hollywood... Read more
SANTA CRUZ, Calif. / Aug 07, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a next-generation aviation company, today announced it has rolled its third production prototype aircraft off the company’s pilot production line in Marina, CA, with four aircraft expected to be in active flight test during the next quarter. The news came as the company issued its Second Quarter 2024 Shareholder... Read more
Net loss improved by $0.9 million versus the prior year to $(11.3) million in Q2 2024 First Q2 with positive Adjusted EBITDA as a public company Adjusted EBITDA improved by $5.4 million versus the prior year to $1.0 million in Q2 2024 Highest quarterly Medical revenue since inception of $38.3 million in Q2 2024, a 6.4% sequential increase versus Q1 2024 Highest quarterly Medical Segment Adjusted... Read more
SANTA CRUZ, Calif. / Aug 06, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has formally applied for its revolutionary aircraft to be certified for use in Australia. Joby’s application to Australia’s Civil Aviation Safety Authority (“CASA”) for the validation of an FAA (“Federal Aviation... Read more
MELBOURNE, FL, Aug. 6, 2024 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW) reports its Second Quarter 2024 Earnings Results. Financial highlights Eve Air Mobility is an aerospace company dedicated to the development of an eVTOL (electric Vertical Takeoff and Landing) aircraft and the Urban Air Mobility (UAM) ecosystem that includes aircraft development, Service & Operations... Read more
Archer’s team has made rapid progress with the buildout of this nearly 400,000 square foot facility and remains on track to complete construction by the end of the year This facility will support Archer’s planned production in partnership with Stellantis of up to 650 Midnight aircraft annually—making it one of the largest manufacturing facilities by volume in the aviation industry Archer... Read more
GUANGZHOU, China, July 29, 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 delivered the first batch of 10 units of EH216-S pilotless electric vertical takeoff and landing (“eVTOL”) aircraft to Taiyuan Xishan Ecological Tourism Investment... 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 (Vertical) [NYSE: EVTL], a global aerospace and technology... Read more
Groupe ADP manages an extensive portfolio of 23 airports in some of Lilium’s key markets including France (all three Paris airports), the Kingdom of Saudi Arabia (Jeddah and Riyadh) and Turkey. Groupe ADP’s vertiports in the Paris area, including Paris-Charles de Gaulle and Paris-Le Bourget Airports, will significantly bolster the Lilium network in France. Partnership enables the development... Read more
FARNBOROUGH, United Kingdom, July 23, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), SEA (SEA), the operator of Milan’s airports, and Skyports Infrastructure (Skyports), the leader in vertiport infrastructure for the Advanced Air Mobility (AAM) industry, have today announced the signing of a Memorandum of... Read more
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