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Aerofugia Secures Series C Funding and Sells 50 AE200 eVTOLs

Aerofugia raises Series C capital and finalizes a 50-unit AE200 eVTOL contract with Sino Jet, advancing urban air mobility in China.

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Aerofugia Secures Series C Funding and 50-Unit Firm Order from Sino Jet

In a significant week for the low-altitude economy, Aerofugia, a subsidiary of Geely Technology Group, announced the completion of its Series C financing round and the signing of a definitive procurement contract for 50 AE200 eVTOL aircraft. The announcements, made during the AERO Asia 2025 exhibition in late November, mark a critical transition for the company from development to commercialization.

The dual milestones underscore the rapid maturation of China’s electric vertical takeoff and landing (eVTOL) sector. With fresh capital to fuel airworthiness certification and a confirmed orders book from the Asia-Pacific region’s largest business aviation operator, Aerofugia is positioning itself as a frontrunner in the race to launch commercial urban air mobility services.

Series C Financing to Accelerate Certification

On November 27, 2025, Aerofugia confirmed the successful completion of its Series C financing round. While the exact valuation remains undisclosed, the company stated that the round raised “hundreds of millions of RMB.”

This injection of capital follows a Series B round completed in June 2024. According to the company’s official statement, the funds are earmarked for three primary objectives:

  • Accelerating the research and development of the AE200 aircraft.
  • Finalizing airworthiness certification with the Civil Aviation Administration of China (CAAC).
  • Preparing for commercial operations and fleet delivery.

The continued investor support highlights confidence in Aerofugia’s technical roadmap, particularly as the AE200 progresses through the advanced stages of compliance testing.

Sino Jet Commits to 50 Units

Perhaps the most operationally significant announcement came on November 28, when Aerofugia signed a definitive procurement contract with Sino Jet (Hualong Aviation). The deal solidifies a firm order for 50 units of the AE200 eVTOL.

This agreement represents a conversion of a previous Letter of Intent (LOI) for 100 units into a binding contract for the first batch of 50 aircraft. Sino Jet intends to integrate these vehicles into its existing fleet to create a “Business Aviation + eVTOL” service model. By utilizing eVTOLs for the “last mile” of travel, such as transfers between airports and city centers, Sino Jet aims to reduce total travel time for high-end clients by up to 80%.

“Sino Jet plans to integrate these aircraft into its business aviation fleet… offering seamless, efficient connections for high-end travelers.”

Aerofugia Press Release

Expanding the Ecosystem

Beyond the Sino Jet deal, Aerofugia secured additional strategic wins during the exhibition:

  • Air Union (Konglian Jiexing): Signed a confirmed order to explore low-altitude expansion, with a potential focus on overseas markets.
  • Dazhong Transportation: Entered a comprehensive cooperation agreement to develop “urban three-dimensional travel” solutions, likely integrating air mobility with ground transportation networks.
  • Shenzhen Urban Transport: Signed a strategic agreement focused on “Order Landing + Production Planning Synergy” to integrate eVTOL operations into Shenzhen’s smart city infrastructure.

The AE200: Technical Specifications

The aircraft at the center of these agreements, the AE200, is a 5-to-6-seat tilt-rotor eVTOL designed for high-density urban environments. It features an all-electric propulsion system capable of vertical takeoff and efficient forward flight.

According to Aerofugia, the aircraft boasts a range of approximately 200 kilometers and a cruise speed of roughly 248 km/h. These specifications are tailored to cover the majority of intra-city and inter-city commuting needs within China’s major economic zones.

The AE200 has already completed critical technical milestones, including full-tilt transition flight tests. It is currently undergoing rigorous airworthiness certification processes with the CAAC, a prerequisite for commercial deployment.

AirPro News Analysis

The transition from non-binding Letters of Intent (LOIs) to definitive procurement contracts is a pivotal moment for any eVTOL manufacturer. In an industry often criticized for inflated order books consisting of “soft” commitments, Aerofugia’s ability to lock in a firm 50-unit contract with a major operator like Sino Jet distinguishes it from many competitors.

Furthermore, the strategic alignment with ground transport giants like Dazhong Transportation suggests a pragmatic approach to infrastructure. Rather than viewing eVTOLs in isolation, Aerofugia is building an ecosystem where air taxis serve as a complementary node in a broader multimodal transport network. This “ecosystem-first” strategy may prove essential for overcoming the logistical hurdles of early adoption.

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Photo Credit: Aerofugia

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Business Aviation

Dassault Falcon 10X Completes Maiden Flight in France

The Dassault Falcon 10X completed its first flight on June 19, 2026, reaching Mach 0.82 and 40,000 feet over Bordeaux.

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Dassault Aviation officially launched the flight test campaign for its new flagship ultra-long-range business jet on June 19, 2026, as the Falcon 10X completed a two-hour and 30-minute maiden flight from Bordeaux-Mérignac Airport (LFBD) in France.

The inaugural flight transitions the Falcon 10X program from development into active certification testing, targeting entry into service in 2027. According to a press release issued by Dassault Aviation, the aircraft reached an altitude of 40,000 feet and a speed of Mach 0.82 during the initial evaluation.

Flight profile and test program structure

Taking off at 11:10 a.m. local time, the aircraft was crewed by Dassault Aviation test pilot Sébastien Dupont de Dinechin and copilot Fabrice Dougnac. The crew conducted an initial systems evaluation at 15,000 feet before climbing to the flight’s maximum altitude of 40,000 feet. The aircraft landed back at Bordeaux-Mérignac at 1:40 p.m. local time.

Following the flight, Dupont de Dinechin stated the milestone was the culmination of years of work by thousands of Dassault employees and partners.

“It paid off in a flight that went as planned and was a delight to fly,” Dupont de Dinechin said.

Dassault Aviation will utilize three aircraft for the flight test program. The first prototype is dedicated to flight envelope expansion. A second test aircraft is currently nearing completion and will be used for systems and performance validation. A third aircraft will be outfitted with a full interior to conduct cabin functional and reliability testing.

Performance specifications and engine integration

The Falcon 10X is positioned to compete in the ultra-long-range, large-cabin business jet market. Official Dassault specifications list a maximum range of 7,500 nautical miles and a top speed capability of Mach 0.925. The aircraft also features the manufacturer’s new NeXus flight deck.

Powering the aircraft are two Rolls-Royce Pearl 10X engines. In a separate statement, Rolls-Royce confirmed the engines successfully powered the maiden flight, marking the start of rigorous airframe and engine testing to deliver key data for final certification. Each Pearl 10X engine produces more than 18,000 pounds of thrust.

Dassault Aviation Chairman and CEO Eric Trappier highlighted the collaborative effort behind the milestone, describing the flight as a reflection of the dedication of the engineering, production, and flight teams, as well as the quality of the company’s global network of partners.

Program timeline and market positioning

Dassault Aviation officially launched the Falcon 10X program on May 6, 2021. The first prototype was rolled out to the public on March 10, 2026, at an event in Mérignac attended by over 400 customers, partners, and aviation executives.

According to reporting by Aviation International News, Dassault is targeting type certification and entry into service for the Falcon 10X in 2027.

AirPro News analysis

The successful maiden flight of the Falcon 10X keeps Dassault on a competitive timeline in the lucrative ultra-long-range business jet segment. By utilizing three dedicated test aircraft, the manufacturer is structuring a parallel testing campaign designed to compress the timeline between first flight and final certification. We expect the integration of the Rolls-Royce Pearl 10X engines and the new NeXus flight deck to be primary focus areas during the initial flight envelope expansion phase over the coming months.

Sources: Dassault Aviation

Photo Credit: Dassault Aviation

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Business Aviation

Aerius Leasing Completes First AW139 Deal in Indonesia

Aerius Leasing acquires a Leonardo AW139 from Weststar Aviation Services in its inaugural purchase and leaseback transaction.

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Aerius Leasing completed its first purchase and leaseback transaction on June 9, 2026, acquiring a 15-seat Leonardo AW139 Helicopters from Weststar Aviation Services to support offshore energy operations in Indonesia.

The transaction, announced in a company press release, marks Aerius Leasing’s entry into the global aviation leasing market and highlights the sustained demand for medium twin-engine helicopters in the Asia-Pacific offshore sector.

Offshore energy support in Indonesia

The Leonardo AW139 will be operated by PT Weststar Aviation Indonesia to support ENI’s regional operations. The deal was financed with support from Investec Bank.

The helicopter placement coincides with a major expansion of ENI’s footprint in the region. On June 8, 2026, ENI and PETRONAS officially launched Searah, an independent joint venture combining their upstream assets in Indonesia and Malaysia. The new entity features an initial production base exceeding 300,000 barrels of oil equivalent per day (boe/d), driving the need for reliable offshore crew transportation.

Syed Azni, Executive Director of Weststar Aviation Services, noted the aircraft’s established role in the sector.

“We are pleased to partner with Aerius Leasing on this important transaction supporting ENI’s operations in Indonesia. The AW139 continues to demonstrate its value as one of the most capable and reliable platforms in the offshore sector,” Azni stated.

Aerius Leasing establishes market presence

For Aerius Leasing, the transaction serves as a proof of concept for its operational strategy. Managing Partners Sameer Rehman and Chris Lloyd described the deal as a critical milestone for the firm’s expansion into the global helicopter leasing market.

The executives emphasized that the successful execution of the cross-border transaction validates their business model and establishes the company as a credible participant in the sector.

“Beyond being our inaugural deal, it validates our business model, demonstrates our ability to execute complex cross-border transactions and establishes Aerius as a credible participant in the global aviation leasing market,” Rehman and Lloyd said in a joint statement.

AirPro News analysis

We view this inaugural transaction by Aerius Leasing as a clear indicator of the tightening supply in the offshore helicopter market. As major energy firms consolidate and expand their upstream assets through ventures like Searah, the demand for proven medium twin-engine platforms such as the Leonardo AW139 will likely outpace available inventory. Aerius Leasing’s entry via a purchase and leaseback structure demonstrates that new lessors can find immediate traction by partnering with established operators to fulfill specific, high-value energy Contracts.

Sources: Aerius Leasing

Photo Credit: Aerius Leasing

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Business Aviation

Jet Linx Grounds Fleet for 10th Annual Safety Summit

Jet Linx Aviation halted all operations June 9, 2026, for its 10th safety summit, focusing on undetected engine corrosion and human factors.

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Private-Jets aviation operator Jet Linx Aviation voluntarily grounded its entire nationwide fleet on June 9, 2026, halting operations for a full day to conduct its 10th Annual Safety Summit. The Omaha, Nebraska-based company utilized the operational pause to engage its 500 employees in safety evaluations, focusing heavily on human factors and the necessity of exceeding standard manufacturer checklists.

In a press release issued on June 10, 2026, Jet Linx stated it remains the only United States operator under Federal Aviation Administration (FAA) Part 135 or Part 121 regulations to voluntarily halt operations for an entire day annually to focus exclusively on safety. The 2026 summit utilized a recent fatal accident as a primary case study to challenge standard private aviation safety practices and assumptions.

Challenging standard maintenance assumptions

The summit featured a presentation by Barry Ellis, President of Hop-A-Jet Worldwide Jet Charter. The discussion centered on a February 2024 accident involving a Hop-A-Jet aircraft in Naples, Florida, which resulted in two crew member fatalities.

The National Transportation Safety Board (NTSB) published its final report on the accident in April 2026, determining the cause to be undetected engine corrosion. The summit highlighted that the engines had been inspected, deemed airworthy, and successfully completed 33 flights in the 25 days preceding the accident.

Ellis addressed the summit attendees regarding the dangers of relying solely on standard procedures when underlying risks remain hidden from flight crews and maintenance personnel.

“When assumptions go unchallenged, they become invisible, and invisible risk is the most dangerous risk of all,” Ellis stated. “The most dangerous assumptions are often the ones we don’t realize we’re making.”

Industry collaboration and operational safety metrics

The event at the Jet Linx Global Safety & Operations Center included presentations from aviation safety auditing firms. Sonnie Bates, CEO of WYVERN, and Patrick Chiles from ARGUS International participated in the discussions, emphasizing the role of independent safety evaluations in Part 135 operations.

Jet Linx Executive Chairman Jamie Walker led the initiative, which marks the company’s tenth consecutive year of executing a fleet-wide grounding for safety training. According to the company’s June 10 announcement, Jet Linx has maintained 27 years of accident-free operations, accumulating 200 million miles flown without an accident.

The safety summit follows recent operational expansions for the charter operator. In May 2026, Jet Linx launched a private jet flight-sharing program called MemberSeat Exchange, designed to increase client flexibility across its network.

AirPro News analysis

The decision by a Part 135 operator to ground an entire revenue-generating fleet for a full day represents a significant financial commitment to safety culture. By utilizing the recently concluded NTSB investigation into the Hop-A-Jet accident as a focal point, Jet Linx is addressing a critical vulnerability in aviation maintenance: the gap between regulatory compliance and actual airworthiness. The NTSB findings regarding undetected engine corrosion, despite recent inspections and 33 successful flights, demonstrate that adherence to manufacturer checklists does not universally guarantee safety. We view this public emphasis on invisible risk and human factors as a necessary evolution in business aviation safety management systems, particularly as operators expand their service offerings and flight volumes.

Sources: Jet Linx Aviation, LLC

Photo Credit: Jet Linx Aviation

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