As financial results for the publicly traded advanced air mobility companies were shared with Wall Street analysts and shareholders, the overall AAM Stock Composite stayed steady, registering a less than 1% gain over the two weeks ending Aug. 15.
Joby Aviation has signed a revised certification basis for its tiltprop S4 after the FAA changed direction of certifying electric vertical takeoff and landing aircraft, and says it is still on track to launch air taxi operations in 2024.
Archer Aviation’s production electric air taxi, called the Midnight, is being designed to fly 45 back-to-back 20-mi. missions a day with a pilot and four passengers and a 10-min. recharge between flights, at prices comparable to ground ride-sharing, the startup has revealed.
Cranfield Aerospace Solutions has announced two new investors as it continues to work toward flying a hydrogen fuel cell-powered nine-seat demonstrator.
Retail giant Walmart is known for mass—massive product options, massive stores, massive appeal to consumers and massive power in the retail market place. Now, Walmart is leading the way with retail delivery of products by air, calling upon startup DroneUp to deliver the goods.
The U.S. Vertical Lift Consortium has named 19 finalists in its Urban Air Mobility Challenge, paving the way for a pitch competition in Washington on Sept. 28 and a chance to win $50,000 in funding.
South Korean automaker Hyundai has revealed new details of its broad-based advanced air mobility development strategy after unveiling a full-scale cabin mockup of its electric vertical takeoff and landing air taxi concept and signing a propulsion collaboration deal with Rolls-Royce.
Blade Air Mobility, one of 10 publicly traded advanced air mobility companies, beat analyst expectations with its second quarter 2022 financial performance.
Transportation research center DriveOhio has released an Advanced Air Mobility Framework document aimed at positioning Ohio for the expected growth of the AAM industry in the state.
United Airlines has made a $10 million predelivery payment on 100 of the 200 electric air taxis it agreed to purchase from Archer Aviation in February 2021.
Global helicopter operator Bristow Group has further widened its range of bets on the emerging advanced air mobility market, placing a firm order for five Beta Technologies Alia-250 electric vertical takeoff and landing aircraft.
The Advanced Air Mobility Stock Composite remained in positive territory for the 10-day period ending Aug. 8, with Archer, Joby, Markforged and Workhorse recording improvements in their per-share pricing for the 10-day period.
Pursuing higher speed and longer range for regional air mobility, Canadian startup Horizon Aircraft is preparing to fly a 50%-scale model of its planned Cavorite X5 hybrid-electric vertical takeoff and landing (eVTOL) aircraft.
The potential economic and environmental benefits of new aircraft types risk being “stifled” by restrictions on airspace integration, a UK government-funded working group has warned.
Vertical Aerospace has secured a $100 million funding line to bolster its finances as the UK startup ramps up spending on development of its VX4 electric vertical takeoff and landing air taxi.
Swiss autonomous flight startup Daedalean has established a U.S. presence as its first artificial intelligence-based avionics system moves toward FAA certification.
Hydrogen fuel cell propulsion for aviation is getting its start using automotive technology, but meeting the performance requirements of future commercial aircraft will require technology improvements across a broad range of components.
As the U.S. prepares to renew its counter-drone legislation—designed so that government agencies can protect against drones—startup Shield Counter UAS of the UK is working with vertiport and airport planners to design counter-uncrewed aircraft systems capabilities for the public sector.
Embraer’s urban air mobility spinoff Eve Holding saw cash burn accelerate in the first half of 2022 as it increased research and development (R&D) spending on its electric vertical takeoff and landing air taxi and urban air traffic management program.
