Archer raises $430m following new Anduril partnership

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Yves Le Marquand

12 Dec 24

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Anduril and Archer are to jointly develop a hybrid-VTOL aircraft for defence use cases, leading the eVTOL developer to raise a further $430m to support…

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Air New Zealand orders BETA demonstrator to ready for operations

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Yves Le Marquand

11 Dec 24

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Air New Zealand has added an Alia CTOL technical demonstrator aircraft and several charging solutions to its existing order with BETA Technologies. Air New Zealand…

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Skyports and Groupe ADP joint venture to operate Manhattan heliport

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Yves Le Marquand

10 Dec 24

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A joint venture between Skyports Infrastructure and Groupe ADP has been named as the new operator of the Downtown Manhattan Heliport. The New York City…

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AURA Network Systems makes senior appointments

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Yves Le Marquand

3 Dec 24

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AURA Network Systems has appointed Kevin Steen as CEO and and Walter Berger as executive chairman of the board. Steen brings more than two decades’…

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EHang authorises $30m share repurchase

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Fayaz Hussain

22 Nov 24

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The board of EHang Holdings has approved a $30m share repurchase programme of its American Depositary Shares (ADS) or ordinary shares over the next 12…

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EHang reports 348% YoY jump in Q3 revenue, delivers 63 units

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Fayaz Hussain

20 Nov 24

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EHang announced financial results for the third quarter (Q3) with total revenue of RMB128.1m ($18.3m). That figure is up 348% year-over-year from the same period…

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Volocopter appoints ex-Lilium CFO as certification slips to 2025

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Yves Le Marquand

19 Nov 24

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Volocopter has appointed Oliver Vogelgesang as its chief financial officer as the firm repositions its certification expectations to next year. Effective immediately, Vogelgesang (pictured right)…

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BETA flies first production CTOL aircraft

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Yves Le Marquand

14 Nov 24

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  BETA Technologies has flown an electric aircraft built on its new production line for the first time. The aircraft, an Alia CTOL, was permitted…

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EHang and Enpower to develop eVTOL motors

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Yves Le Marquand

11 Nov 24

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EHang has formed a strategic partnership with Zhuhai Enpower Electric to jointly develop electric motors and motor controllers for its eVTOL aircraft. Enpower is a…

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Archer’s expenses soar in Q3 amid manufacturing ramp-up

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Fayaz Hussain

8 Nov 24

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Archer reported widening losses in the third quarter of 2024, as the eVTOL manufacturer continues its push toward commercialisation. The company’s net loss expanded to…

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Archer signs deal with Japan Airlines joint venture, including up to 100 air taxis

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Yves Le Marquand

8 Nov 24

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Archer Aviation and Soracle, a new joint venture by Japan Airlines and Sumitomo Corporation, signed agreements focused on bringing AAM services to Japan. Soracle plans…

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Joby reports $143.3m loss in Q3 2024, strengthens liquidity

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Fayaz Hussain

7 Nov 24

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Joby reported a net loss of $143.3m in the third quarter of 2024 compared with a profit of $1.5m in the prior year period. The…

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Brazilian regulator publishes Eve’s final airworthiness criteria

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Yves Le Marquand

5 Nov 24

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The National Civil Aviation Agency of Brazil (ANAC) has published its final version of the airworthiness criteria for Eve Air Mobility’s eVTOL aircraft.  Following a…

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Joby and Toyota demonstrate eVTOL in Japan

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Yves Le Marquand

4 Nov 24

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Joby Aviation has demonstrated its eVTOL aircraft in Japan alongside its strategic partner Toyota Motor Corporation.  The flight was conducted on November 2nd against the…

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BETA Technologies Series C raises $318m

news

Yves Le Marquand

1 Nov 24

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BETA has raised $318m from its Series C funding round led by the Qatar Investment Authority. The Vermont-based electric aircraft developer has now raised more…

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