The engine-maker says it has performed the world’s first test in simulated altitude conditions of a megawatt-class and multi-kilovolt hybrid-electric propulsion system.
Financial analysis firm Jefferies is the first to recommend a “buy” rating on an advanced air mobility stock, citing a $7.30 price target for Eve Holding versus its current price, $6.75.
As Farnborough bursts back onto the global events scene, advanced air mobility—a market that has gained in prominence over the pandemic—is high on the agenda.
Changes in the funding environment for advanced air mobility startups come at a time when the companies are entering the most expensive phase of their existence.
Vertical Aerospace and Babcock International are exploring application of the VX4 electric vertical takeoff and landing air taxi to emergency medical services and cargo transportation.
The application will allow Joby’s U.S.-based certification to be concurrently validated by the UK’s Civil Aviation Authority, accelerating access to the British market.
Jeffrey DeCarlo, administrator of the Aeronautics Division of the Massachusetts Department of Transportation (MassDOT), has been appointed inaugural chair of the Advanced and Urban Aerial Mobility Cities and Regions Coalition of the World Economic Forum.
Does the luxury lifestyle market have a role to play in advanced air mobility? Perhaps, based on two new agreements, although the companies involved are far from leaders in the nascent industry.
German start-up carrier Evia Aero has signed a letter of intent with Cranfield Aerospace Solutions (CAeS) to buy 10 conversion kits that will enable nine-seat Britten Norman Islander aircraft to fly regional routes in northern Europe on hydrogen.
Boston-based autonomous flight startup Merlin Labs has completed a $105 million Series B round, bringing the total funding raised so far to $130 million.
Global commercial helicopter operator Bristow Group has signed a letter of intent with Elroy Air to order up to 100 Chaparral hybrid-electric vertical takeoff and landing uncrewed cargo aircraft for logistics, health care and energy markets.
