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... 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 and pioneer in... 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 discussion with... 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... 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 results, which is... 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 National Civil Aviation Agency... 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 prototype. LONDON &... 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 announced changes... 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... 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 connecting from... 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 Goldstein,... 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 from CAAC for... 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 testing of the... 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 30, 2024. “Our... 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 by members of the... 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 it intends to form Surf... 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”). The Security has a... 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 Park, the 300-acre... 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 Letter, detailing the... 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 EBITDA since... 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 Administration”) type... 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 Solutions and... 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... 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 Construction Co., Ltd. (“Xishan... 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 company pioneering... 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 of vertiports in... 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 Understanding (MoU)... 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 Permit to Fly. LONDON... Read more
GUANGZHOU, China, July 22, 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 the Civil Aviation Administration of China (“CAAC”) has formally accepted the Air Operator Certificate (“AOC” or “OC”) applications submitted by Guangdong EHang General Aviation Co., Ltd. (“EHang General... Read more
GACA, Saudi Arabia’s civil aviation regulator, and Lilium agree on a joint regulatory approach for eVTOL regulation This includes the implementation of a joint Working Group covering all relevant regulatory topics and an Innovative Air Mobility (IAM) regulatory action plan for Saudi Arabia The goal is to jointly develop and implement the required eVTOL regulation for a potential operational Entry Into Service... Read more
FARNBOROUGH, United Kingdom, July 21, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced the next phase of its “POWER-ON” Aftermarket Services portfolio, providing a suite of digital solutions to ensure efficient and seamless operation of the Lilium Jet. The digital suite includes flight planning and aircraft... Read more
GUANGZHOU, China, July 19, 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 signing of a purchase and operation cooperation agreement with KC Smart Mobility Company Limited (“KC Smart Mobility”), a subsidiary of Kwoon Chung Bus Holdings Limited (“KCBH”) (0306.HK), the largest... Read more
The firm order for 50 Lilium jets, with an option for 50 more, is the largest commitment in the eVTOL sector by an airline operator Saudia Group leads the aviation industry in the MENA region with the first agreement for the purchase of eVTOL jets MUNICH, Germany, July 18, 2024 (GLOBE NEWSWIRE) -- Saudia Group and Lilium N.V. (NASDAQ: LILM), a leading... Read more
On Tuesday, July 16, 2024, the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) approved an award involving sales and use tax exclusion incentives related to Archer’s planned advanced manufacturing project in the State of California This award, which is believed to be CAEATFA’s largest to date in the advanced air mobility industry, will support Archer’s planned expansion of... Read more
First aircraft (Lilium Jet MSN 1) to be used exclusively for ground testing starting in a few weeks Second aircraft (Lilium Jet MSN 2) to be used for first manned flight in early 2025, will start ground testing in the fall, soon after MSN 1 Three aircraft in production by year-end Full structural aircraft for static tests available in fall Engineering simulator developed by FlightSafety International to be... 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 Vertical Energy Centre, with rapid charging and capable of cruise speeds of up to... Read more
DALLAS & SANTA CLARA, Calif. / Jul 12, 2024 / Business Wire / Southwest Airlines Co. (NYSE: LUV) and Archer Aviation Inc. (NYSE: ACHR) have signed a memorandum of understanding (MOU) to develop operational plans for electric air taxi networks utilizing Archer’s eVTOL aircraft at California airports where Southwest® operates. Archer Aviation is a leading manufacturer of electric vertical takeoff and landing... Read more
Hydrogen-electric program builds on technology developed by Joby subsidiary H2Fly, acquired in 2021, and forms part of Joby’s future technology roadmap Joby’s hydrogen-electric, vertical take-off and landing demonstrator aircraft completes landmark 523 mile flight, with water as the only by-product Flight demonstrates potential for emissions-free regional... 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... Read more
Saint-Cyr will oversee air operations for Mokulele Airlines, the Hawai’i-based subsidiary of Surf Air Mobility Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”,“Surf Air”,“the company”), a leading regional air mobility platform, announced today the appointment of Louis Saint-Cyr, an experienced senior leader in airline operations, to the position of President of Hawai’i Operations. As President of... Read more
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