Archer is working with Abu Dhabi to operationalise its air taxi services, in-country manufacturing, and training across the region Archer is coordinating with government partners across Abu Dhabi to develop the necessary vertiports and charging infrastructure Archer and ADIO (Abu Dhabi Investment Office) jointly define an ambitious set of operational launch plans and corresponding enablement s... Read more
Former Administrator of the Federal Aviation Administration (FAA) and current Archer executive, Billy Nolen, will lead Archer’s regulatory affairs team as its Chief Regulatory Affairs Officer Former Senior Advisor to the U.S. Secretary of Transportation, and Director of Public Engagement at the US DOT, Lynda Tran, recently joined the team as an advisor and will play a critical role in supporting... Read more
Lilium’s battery packs are being designed to meet the highest aviation safety standards First units off the battery assembly line at Lilium’s headquarters will be used for verification testing ahead of first piloted flight of the revolutionary Lilium Jet, targeted for end of 2024 This follows several years of extensive testing of battery pack subcomponents from individual cell to stack level... Read more
SAN DIEGO, April 08, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, proudly announces a significant expansion in the application of its proprietary and patented SafeCASE technology. In a landmark development, KULR has received an initial award to supply SafeCASES to a leading electric vertical... Read more
GUANGZHOU, China, April 07, 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 EHang has successfully obtained the Production Certificate (“PC”) for its EH216-S passenger-carrying pilotless electric vertical takeoff and landing (“eVTOL”) aircraft... Read more
Standby flight instruments supplied by Garmin represent a key safety feature of the Lilium Jet and will provide fully redundant flight instrumentation First units have been delivered to Lilium to be integrated in the first Lilium Jets and the Lilium Jet flight simulator for pilot training MUNICH, Germany, April 02, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first... Read more
Full year 2023 GAAP revenue of $60.5 million and Pro Forma revenue of $112.9 million, up 12% year-over-year, beating 2023 guidance. Full year 2023 GAAP Net Loss of $(250.7) million and Pro Forma Net Loss of $(185.0) million, which includes investment in R&D for electrification and software, stock-based compensation, impairments, transaction costs and other non-recurring items. Full Year 2023... Read more
Archer's recent successful battery pack drop tests signify a major milestone for Midnight’s program putting Archer in a strong position to pass this same test in upcoming for-credit testing with the Federal Aviation Administration (“FAA”) Midnight’s battery packs were dropped from 50 feet at 100%, 30% and 0% state of charge at a National Institute for Aviation Research (“NIAR”) lab to... Read more
GUANGZHOU, China, March 22, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, announced today that Japan's first UAM Center has been established in Tsukuba City, Ibaraki Prefecture. This state-of-the-art facility serves as a demonstration flight site, ground infrastructure,... Read more
Auric Air to upgrade up to 12 of their Cessna Grand Caravan fleet with Surf Air’s electrified powertrains to lower emissions and reduce direct operating costs. Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”), a leading regional air mobility platform, has entered into a memorandum of understanding with Auric Air Services Ltd. (“Auric Air”), a Tanzania-based... Read more
Quarterly Revenues Increased by 260.9% YoY, 97.8% QoQ, Fiscal Year Revenues Increased by 165.0% Maintained Stable and High Gross Margin Achieved Positive Operating Cash Flow in the Fourth Quarter of 2023 Obtained the World’s First Pilotless Passenger-Carrying eVTOL Type Certificate (“TC”) and Standard Airworthiness Certificate (“AC”) for EH216-S from the CAAC Moved Forward eVTOL Sales... Read more
Lilium and Atlantic Aviation announce they have signed an MOU to electrify existing airport infrastructure and support regional air mobility Agreement aims to ensure compatibility of current and future vertiports with Lilium Jet Partnership aims to establish a planned network to support operators of the Lilium Jet MUNICH, Germany, March 13, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:... Read more
Revenue up 24.5% versus the prior year to $47.5 million in Q4 2023 and up 54.1% in the full year 2023 to $225.2 million Net loss increased $(18.5) million versus the prior year to $(33.9) million in Q4 2023 and increased $(28.8) million in the full year 2023 to $(56.1) million; Adjusted EBITDA increased by $2.7 million versus the prior year to $(5.2) million in Q4 2023 and increased by $10.8... Read more
Archer and Falcon Aviation will jointly develop a vertiport network in Dubai and Abu Dhabi, enabling flights between the two cities with Archer’s Midnight flying car while establishing a key operational development for Archer’s plans to launch across the Emirates in both cities as soon as 2025 On March 8, 2024, Falcon Aviation launched the upgraded Falcon Tours Heliport Terminal at the iconic... Read more
MELBOURNE, Fla., March 8, 2024 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW) reports its fourth quarter and fiscal year 2023 earnings results. Year in review Eve Air Mobility accomplished several milestones on our journey to shape the global Urban Air Mobility (UAM) ecosystem in 2023. With suppliers of flight-critical components selected for our eVTOL, we defined its final... Read more
SANTA CRUZ, Calif. / Mar 05, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has acquired an existing facility at Dayton International Airport and begun hiring in support of the Company’s initial manufacturing operations in Dayton, Ohio. The facility acquired by Joby will be fitted out to support... Read more
MUNICH, Germany, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has released its Full Year and Fourth Quarter 2023 Shareholder Letter. The Shareholder Letter, which discusses Lilium’s progress towards important milestones in the development of its revolutionary Lilium Jet, can be accessed... Read more
Lilium begins installation of serial production line for propulsion units at Lilium’s production facilities in Wessling, Germany First prototype propulsion units expected to come off the line in Q2 2024, marking a key milestone in the Lilium Jet program and positioning Lilium at the forefront of electric jet industrialization Propulsion assembly line specially designed in partnership with... Read more
Approximately 80% of Archer’s Midnight aircraft’s subsystems and components are sourced from leading aerospace suppliers with certification heritage giving it a significantly de-risked path to certification Construction of three conforming Midnight aircraft underway as flight test program makes rapid progress and Archer expects to complete 400 test flights in 2024 On track to complete build... Read more
Joby has now completed three of five stages of type certification process First eVTOL company to reach this milestone towards commercialization SANTA CRUZ, Calif. / Feb 21, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has become the first developer of electric vertical take-off and landing... Read more
SANTA CRUZ, Calif. / Feb 21, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today issued its Fourth Quarter and Full Year 2023 Shareholder Letter detailing the company’s operational and financial results for the period ending December 31, 2023. The company will host a live audio webcast of its conference call to... Read more
Star Charge offers best-in-class high performance chargers with liquid cooled cables reducing charging time significantly Lilium orders 120 chargers from Star Charge for its own use and for customers’ vertiports Star Charge´s charging system will power Lilium’s ground and flight testing aircraft this year and will also be used at its delivery center Fully compatible with the globally accepted... 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... Read more
MoU for strategic collaboration to establish high-speed regional air mobility in Southeast Asia PhilJets intends to operate 10 Lilium Jets Lilium Jet expected to meet regional transportation challenges of the Philippines CHANGI, Singapore, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet, and PhilJets, a... Read more
Surf Air secures preferred delivery positions for 90 Electra eSTOL aircraft Surf Air and Electra to jointly develop a leasing partnership using Electra’s eSTOL aircraft, to enable new air operators to expand access to regional transportation Companies to collaborate on fleet-wide data analytics services to provide real-time aircraft information to Surf Air’s network Electra’s eSTOL aircraft... Read more
Expanding Service Offering in Agriculture and Forestry into the U.S. TORONTO, ON / ACCESSWIRE / February 13, 2024 / Volatus Aerospace Corp. (TSXV:VOL) (OTCQB:VLTTF) ("Volatus" or "the Company"), a leader in the operation of piloted and remotely piloted aircraft systems (drones), announced that it has received authorization from the Federal Aviation Administration (FAA) in the USA for Commercial... Read more
Joby signs definitive agreement with government of Dubai Agreement grants Joby exclusive right to operate air taxis in Dubai for six years Service set to launch by early 2026 Agreement covers regulatory approach for early operations and includes support for entry and maturing of service Joby also signed agreement with Skyports who will build and operate four vertiports in Dubai SANTA CRUZ,... Read more
FAA acceptance of propulsion certification plan marks critical step towards type certification All structural, mechanical, and electrical system certification plans now accepted by FAA Joby continues to demonstrate sector-leading progress on certifying its air taxi with the FAA SANTA CRUZ, Calif. / Feb 09, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric... Read more
Announcement validates Archer’s close working relationship with the FAA and commitment to stringent safety and operational standards Part 145 certification allows Archer to operate a repair and maintenance station This milestone demonstrates Archer’s ongoing collaboration with the FAA as the company continues making progress toward its planned commercialization in 2025 SANTA CLARA,... Read more
• Believed to be the first eVTOL developer to receive a Part 145 Maintenance Certificate • Lays foundation for future maintenance, repair and overhaul services of its eVTOL aircraft fleet • Part of Joby’s vertically-integrated approach to bringing revolutionary technology to market SANTA CRUZ, Calif. / Feb 08, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric... Read more
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