Vertical Aerospace narrows losses to £20m in 1Q

news

Fayaz Hussain

28 May 24

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Electric vertical takeoff and landing (eVTOL) aircraft developer Vertical Aerospace reported a net operating loss of £20m for the first quarter of 2024 compared to…

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Manufacturing defect caused blade release in Vertical prototype crash, says AAIB

news

Yves Le Marquand

3 May 24

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The Vertical Aerospace prototype which was written off in August, 2023 crashed due to an adhesive bond failure in a propeller blade. The Aircraft Accidents…

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Stuart Simpson takes over as Vertical Aerospace CEO

news

Yves Le Marquand

1 May 24

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As departing CEO and company founder Stephen Fitzpatrick transitions to the board, Vertical’s chief financial officer Stuart Simpson is taking over the top spot at…

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UK government publishes Future of Flight action plan

news

Yves Le Marquand

18 Mar 24

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A new plan released by the UK’s Department for Transport (DfT) has set out a roadmap for drones and novel electric aircraft to be flying…

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Why is Vertical’s CEO investing $50m?

Deep Dive

Yves Le Marquand

31 Jan 24

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Stephen Fitzpatrick, the founder and CEO of Vertical Aerospace made headlines with a $50m bet on recent flight test progress. But why did he invest?…

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Vertical gets $50m cash injection from CEO

news

Yves Le Marquand

23 Jan 24

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Vertical Aerospace CEO, founder and majority owner Stephen Fitzpatrick has invested a further $50m into the aerospace startup.  Vertical’s share price performance is not reflective…

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Vertical adds ‘exceptional’ expertise to flight test team

news

Yves Le Marquand

27 Nov 23

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Vertical Aerospace has added two new pilots to its flight test team ahead of a crewed campaign beginning next year.  Paul Edwards has flown, evaluated…

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Vertical reports £22m loss for third quarter, files to raise $180m

news

Yves Le Marquand

10 Nov 23

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Vertical Aerospace announced third quarter results reporting a loss of £22m compared to £19m in the same quarter previous year as it continues to make…

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Vertical and Hanwha extend partnership

news

Yves Le Marquand

26 Oct 23

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Vertical has agreed to extend its partnership with Hanwha Aerospace, the pair have signed an agreement to jointly develop tilt and blade pitch control systems…

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Vertical provides details on prototype crash

news

Yves Le Marquand

31 Aug 23

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Vertical Aerospace has revealed details about the sequence that preceded its prototype VX4 crash earlier this month. The novel aircraft encountered an unexpected fault during…

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Crashing: Part of the process?

news

Yves Le Marquand

14 Aug 23

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Vertical Aerospace crashed its prototype last week during a motor failure test scenario.  It is not the first time an eVTOL has crashed during flight…

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Vertical completes first full-scale flight tests

news

Yves Le Marquand

19 Jul 23

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Vertical Aerospace has announced successful completion of an initial flight test campaign of its full-scale prototype.  The tests, earmarked as a “major moment” for the…

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Kakao Mobility pre-orders up to 50 Vertical Aerospace VX4s

news

Yves Le Marquand

22 May 23

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Vertical Aerospace has announced that South Korean mobility technology firm, Kakao Mobility, has pre-ordered up to 50 of its VX4 aircraft. Kakao Mobility is the…

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Vertical receives ‘first ever’ UK CAA design approval for an eVTOL

news

Yves Le Marquand

3 Apr 23

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Vertical Aerospace has secured the first ever Design Organisation Approval (DOA) issued to an eVTOL OEM by the UK Civil Aviation Authority (CAA). UK and…

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Vertical receives payment for 25 delivery slots from Japan’s Marubeni Corporation

news

Yves Le Marquand

20 Jan 23

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Vertical Aerospace has secured a pre-delivery payment for the reservation of aircraft delivery slots from Japanese trading and investment conglomerate, Marubeni Corporation. Marubeni has reserved…

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