Sunday - April 27, 2025
The UAE’s aviation regulator, the General Civil Aviation Agency (GCAA), has approved the design for the planned transformation of the Abu Dhabi Cruise Terminal helipad into a hybrid heliport for both helicopter and eVTOL aircraft operations The goal is for this location to become the first site ready for eVTOL aircraft operations in the UAE, providing direct... Read more
Archer’s vision of an air taxi network in NYC would connect Manhattan with nearby airports using its Midnight aircraft, allowing customers to replace one-to-two-hour drives with flights that take 5-15 minutes, potentially saving hours versus sitting in traffic The network would be designed to include vertiports at existing aviation assets around the region, including both airports and NYC helipads NEW YORK /... Read more
Surf Air Mobility Inc. (NYSE: SRFM) (the “Company”), a leading regional air mobility platform, closed on the previously announced purchase and sale of 2,000,000 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $2.50 per share (or pre-funded warrant in lieu thereof) in a registered direct offering. H.C. Wainwright & Co. acted as the exclusive placement agent for the... Read more
Surf Air Mobility Inc. (NYSE: SRFM) (the “Company”), a leading regional air mobility platform, announced today that it has entered into definitive agreements for the purchase and sale of 2,000,000 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $2.50 per share (or pre-funded warrant in lieu thereof) in a registered direct offering. The offering is expected to close on or about... Read more
Vertical joins BETA Technologies, Archer Aviation, and much of the industry in adopting the Combined Charging Standard (CCS), as endorsed by the General Aviation Manufacturers Association (GAMA). Interoperable charging will lower costs, simplify infrastructure, and accelerate commercial eVTOL deployment. Vertical has purchased two of BETA’s chargers for... Read more
GUANGZHOU, China, March 30, 2025 (GLOBE NEWSWIRE) -- EHang (Nasdaq: EH), the world’s leading Urban Air Mobility (UAM) technology platform company, announced that its wholly-owned subsidiary, Guangdong EHang General Aviation Co., Ltd. (“EHang General Aviation”), and its joint venture company in Hefei, Hefei HeYi Aviation Co., Ltd. (“HeYi Aviation”), have... Read more
Archer announced today that it has signed an agreement outlining plans to deploy an initial fleet of Midnight aircraft to Africa’s largest carrier and Star Alliance member, Ethiopian Airlines, under Archer’s “Launch Edition” program valued at up to $30M. The companies will work together to over time build an air taxi network in the region, with Archer planning to provide Ethiopian Airlines with a team of pilots,... Read more
Fourth Quarter Revenue of $28.05 Million Rose 5% Compared with Revenue of $26.8 Million in the Prior Year, Exceeding Expectations of $25 - $28 Million Fourth Quarter Adjusted EBITDA Loss of $6.9 Million Improved by $11.5 Million, or 63%, Versus the Prior Year, Within the Guidance Range of $5 - $8 Million Full Year Revenue of $119.4 Million Rose 6% Compared with Pro Forma Revenue of $112.9 Million in the Prior... Read more
Partnership will deliver revolutionary, emissions-free travel in the UK, including greater connectivity for Virgin Atlantic customers traveling to and from the airport Virgin Atlantic to support Joby’s preparations for operation in the UK Agreement builds on Virgin Atlantic’s track record of innovation and award-winning customer service SANTA CRUZ,... Read more
Archer will initially leverage Palantir Foundry and AIP to accelerate the scaling of its aircraft manufacturing capabilities Archer and Palantir plan to work in parallel to develop software for the next-gen of critical aviation systems, including air traffic control, movement control and route planning Archer and Palantir will formalize the partnership later today during a signing ceremony between Palantir... Read more
Full-year net loss improved by $28.8 million versus the prior year to $(27.3) million in FY 2024; Adjusted EBITDA improved by $17.8 million versus the prior year to $1.2 million in FY 2024(1) Full-year Passenger Segment Adjusted EBITDA of $3.6 million in 2024 represents an $8.6 million increase versus the prior year Q4 revenue increased 14.5% versus the prior year to $54.4 million in 2024. Excluding Canada,... Read more
Record-high quarterly and annual revenues, up 190.2% and 288.5% YoY, respectively Record-high quarterly and annual delivery volume, 216 units in 2024 1st year and 3rd consecutive quarter of non-GAAP profitability1 1st year and 5th consecutive quarter of positive operating cash flow Fiscal year 2025 revenues expected to be around RMB900 million, up 97% YoY GUANGZHOU, China, March 11, 2025 (GLOBE NEWSWIRE)... Read more
MELBOURNE, Fla., March 11, 2025 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW) reports its fourth quarter and fiscal year 2024 earnings results. Year in review Eve Air Mobility accomplished several milestones on our journey to shape the global Urban Air Mobility (UAM) ecosystem in 2024. With the selection of all flight-critical component suppliers for our eVTOL, we completed the assembly... Read more
$220M re-financing secured, including balance sheet restructure and upsized $90M public offering, funding operations through 2025 An industry leader in capital efficiency as Vertical advances towards certification and commercialisation Vertical preparing for full-scale piloted wingborne flight following completion of piloted thrustborne testing Third full-scale VX4 prototype assembly underway at partner GKN... Read more
NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade”), a technology-powered global air mobility platform, and Skyports Infrastructure (“Skyports”), a leading provider of ground infrastructure for advanced air mobility, announced an alliance today to launch a pilot program that will expand Blade’s existing by-the-seat helicopter transfer service, connecting the Downtown... Read more
SurfOS is an AI-enabled operating system for the Advanced Air Mobility industry powered by Palantir Technologies. For more information about SurfOS, click here to view a short video. Company provides progress update on new SurfOS software features. Surf Air Mobility Inc. (NYSE: SRFM) (“the Company” or “Surf Air Mobility”), a leading regional air mobility platform, today announced it has entered into agreements... Read more
Surf Air Mobility Inc. (NYSE: SRFM) ("the Company" or "Surf Air Mobility"), a leading regional air mobility platform, today announced the appointment of two new key positions to the Company's air mobility team. Bob Waltz has joined Surf Air Mobility as the Vice President of Flight Operations, effective March 1, 2025. Linda MacAskill has joined Surf Air Mobility as the Director of System Operations Center, effective... Read more
Archer’s Launch Edition program aims to establish a pragmatic and repeatable commercialization playbook to deploy Midnight to dozens of early adopter markets This approach enables Archer to build operational expertise, generate revenue and continue to strengthen long-term demand Abu Dhabi Aviation (ADA) plans to deploy the first Midnight aircraft later this... Read more
Unveiled “Launch Edition” commercialization program with Abu Dhabi Aviation (ADA) as its first customer, establishing a playbook to deploy Midnight commercially to dozens of early adopter markets in advance of type certification of the aircraft by the FAA Eyeing strong demand in the defense market and beyond for its planned hybrid aircraft that it is developing under an exclusive partnership with Anduril... Read more
Joby reports Fourth Quarter and Full Year 2024 results Record progress on stage four of FAA certification Delivery of second aircraft to U.S. Air Force Plans to carry first passengers in late 2025 or early 2026 More than $1B of additional funding and commitments made in the fourth quarter SANTA CRUZ, Calif. / Feb 26, 2025 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air... Read more
The Company is actively hiring aviation professionals based in the Dallas metro area across its operational departments. Surf Air Mobility Inc. (NYSE: SRFM) (“the Company” or “Surf Air Mobility”), a leading regional air mobility platform, today announced the Company’s relocation of its Air Operations Center (“AOC”) to Addison, Texas, a suburb of Dallas. The move is part of Surf Air Mobility’s broader... Read more
GUANGZHOU, China, Feb. 25, 2025 (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 cooperation framework agreement with Anhui Jianghuai Automobile Group Co., Ltd. (“JAC Motors”) and Hefei Guoxian Holdings Co., Ltd. (“Guoxian... Read more
Archer received its Part 141 certificate from the Federal Aviation Administration (FAA) This certificate signifies that a flight school is a formally recognized and regulated by the FAA for pilot training Archer can now train and qualify pilots as part of its newly launched pilot training academy with plans to build a pipeline of pilots in preparation for its planned commercial air taxi services Archer has now... Read more
Video provides detail on the Company’s strategy to achieve profitable airline operations1 in 2025 Surf Air Mobility Inc. (NYSE: SRFM) (“the Company” or “Surf Air Mobility”), a leading regional air mobility platform, today published the second presentation in a new video series on the Company’s business plan and operations. The video is narrated by the Company’s Chief Executive Officer and Chief Operating... Read more
Leading institutional investors participated in this financing, including funds and accounts managed by BlackRock The additional $300M in equity capital reinforces its already strong financial position as it eyes strong demand in the defense market and beyond for its planned hybrid aircraft Archer has long maintained one of the strongest balance sheets in... Read more
Vertical completes Phase 2 of its piloted thrustborne testing with the VX4 prototype exceeding expectations for stability and performance The company is now preparing for the next stage in its testing programme – piloted wingborne flight – a world first for a full-scale tilt rotor eVTOL Update comes as Vertical continues its strong start to the year –... Read more
Surf Air Mobility Inc. (NYSE: SRFM) (the “Company” or “Surf Air Mobility”), a leading regional air mobility platform, today published the first presentation in a new video series on the company’s business plan and operations. This first video, narrated by the Company’s Chief Financial Officer, Oliver Reeves, provides greater detail on the Company’s Transformation Plan and growth opportunities in both its Air Mobility... Read more
LONDON / Jan 24, 2025 / Business Wire / Vertical Aerospace (Vertical) (NYSE: EVTL) ("Vertical” or the “Company”), a global aerospace and technology company that is pioneering electric aviation, today announces the closing of its previously announced underwritten public offering (the “Offering”) for total gross proceeds of $90 million, before deducting underwriting discounts and commissions and other offering... Read more
GUANGZHOU, China, Jan. 21, 2025 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, announced the launch of its Exhibition (Experience) Center in Shenzhen’s Luohu Sports and Leisure Park. It is the world’s first EH216-S takeoff and landing site... Read more
LONDON / Jan 22, 2025 / Business Wire / Vertical Aerospace (Vertical) (NYSE: EVTL) ("Vertical” or the “Company”), a global aerospace and technology company that is pioneering electric aviation, today announced that it has commenced an underwritten public offering of $75 million of units (the "Offering”). Each unit consists of one ordinary share and one-half of one Tranche A warrant and one-half of one Tranche B... Read more
GUANGZHOU, China, Jan. 16, 2025 (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 its flagship pilotless passenger-carrying aerial vehicle EH216-S completed its inaugural demo flight in downtown Shanghai. It served as an excellent... Read more
Mr. Slattery brings over three decades of aviation expertise including founding and scaling two of the leading global aviation finance firms: Avolon and SMBC Aviation Dómhnal rejoins Vertical’s Board having previously led the business in building its industry leading order book and listing on the New York Stock Exchange Vertical announces Chair appointment as it continues to deliver against its Flightpath 2030... Read more
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 flight LONDON & NEW... 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 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 ecosystem. CCIT is a... 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 Management Committee of the Torch... 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, purchased 14,500 shares... 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 sector by establishing... 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 aerospace and technology... 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... 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 electric... Read more
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