Virtual reality simulator developer Loft Dynamics, formerly VRM Switzerland, has raised $20 million in venture financing to expand into international markets.
China’s EHang will not meet its year-end target for certification of its autonomous, two-passenger EH216-S electric vertical-takeoff-and-landing aircraft.
Jekta Swiss Aviation plans to revive the decades-old concept of the amphibious flying boat with a 19-seat regional aircraft aimed at the global market.
Embraer spinoff Eve Holdings has added a potential customer for its urban air traffic management (UATM) solution—Vertiport developer Bluenest, which will use th
SkyDrive of Japan has signed a memorandum of understanding with investor Pacific Group for up to 100 electric vertical takeoff and landing aircraft for potentia
Even as the stock markets improved their performance over the past two weeks, Nov. 14-18 and Nov. 21-Nov. 25, the Advanced Air Mobility Stock Composite fell by 10%.
U.S. regional aviation provider Surf Air Mobility has abandoned plans to list publicly through a merger with a blank-check company and has instead filed with th
By Carole Rickard Hedden, Garrett Reim, Graham Warwick
As Archer Aviation unveils its four-passenger production air taxi, the Midnight, Aviation Week editors discuss the shifting competitive dynamics in the nascent advanced air mobility market where three rival OEMs with differing approaches push toward FAA certification and operation.
Boosting funding support for China’s emerging advanced air mobility industry, four of the country leading state-controlled banks have jointly extended $846 million in credit to XPeng AeroHT.
Negotiations are underway with consortia and companies bidding to participate in South Korea’s K-UAM Grand Challenge program, which is intended to evaluate the safety and capability of urban air mobility.
The UK’s Aerospace Technology Institute has launched a new initiative, the ATI Hub, in an effort to “help develop and convene the sustainable aerospace ecosystem,” according to the organization’s CEO.
As third-quarter financial results for advanced air mobility’s publicly held companies began rolling out, the primary message is they are on track in spending for research and development.
Archer Aviation is doubling down on its confidence in certifying its electric vertical-takeoff-and-landing (eVTOL) vehicle by the end of 2024 and launching air-taxi service in 2025.
The Blade Air Mobility technology-powered air-mobility platform posted third-quarter revenues up 125%, to $45.7 million, versus $20.3 million for the year-ago period.
Embraer posted revenue of $271.7 million in its executive aviation division, up 6% from a year ago, and reaffirmed its projection to deliver 100-110 executive jets during 2022.
As countries jockey for a leading position in the projected market for advanced air mobility (AAM), a new study concludes the transportation mode would be economically viable in the UK and provide a significant contribution to the economy while reducing carbon emissions.
Archer Aviation and United Airlines have announced that their first electric air taxi route will be between Newark Liberty International Airport and New York’s Downtown Manhattan Heliport.
