Vertical Aerospace completed a key piloted thrustborne transition flight of its Valo eVTOL and secured $850 million financing to fund certification through 2028.
Vertical Aerospace progresses Valo eVTOL testing and manufacturing while facing liquidity concerns and issuing a going concern warning.
Apollo Global Management is set to acquire a majority stake in Atlantic Aviation from KKR, valuing the FBO network at nearly $10 billion.
Vertical Aerospace announced an $850 million financing package to support the certification and production of its Valo eVTOL aircraft by 2028.
Vertical Aerospace selects Italian supplier Isoclima for transparency systems on its Valo eVTOL, supporting 2028 certification and production.
Eve Air Mobility completes 35 flights of its eVTOL prototype in Brazil, demonstrating strong performance and gaining government support.
Israel's AIR reaches $1 billion in eVTOL orders, reporting $35 million revenue and FAA certification progress for AIR ONE personal aircraft.
Vertical Aerospace starts automated battery pilot production to support Valo eVTOL certification and plans expanded manufacturing with new VEC2 facility.
China reveals a UFO-shaped eVTOL with enclosed rotors and 450kg capacity, targeting urban rescue and logistics by 2026.
Wisk Aero expands its flight test fleet with a second autonomous Gen 6 eVTOL aircraft, advancing testing for a 2030 commercial launch.
