27-Nov-2024Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company pioneering electric aviation, announced the signing of a term sheet among the Company, its majority shareholder Stephen Fitzpatrick, and its primary creditor Mudrick Capital Management. This term sheet secures a commitment to $50 million in new funding, strengthening Vertical’s financial position. The funding will... Read more
19-Nov-2024Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company pioneering zero-emissions aviation, has seen its latest full scale VX4 prototype achieve piloted, untethered vertical take-off and landing for the first time as Phase 2 of its flight test programme begins. The VX4 prototype, powered by industry-leading battery packs delivering up to 1.4 MW... Read more
15-Nov-2024Source: Vertical Aerospace
Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces “Flightpath 2030,” its strategy for market leadership before the end of the decade. As Vertical advances its piloted flight test programme, which has entered into Phase 2, “Flightpath 2030” sets a clear... Read more
11-Nov-2024Source: Vertical Aerospace
Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces that it expects to share a business update pre-market on Tuesday, 12 November. Vertical will host a webcast at 08:30 am ET (13:30 GMT) the same day to discuss the update. The... Read more
16-Oct-2024Source: Vertical Aerospace
Vertical Aerospace [NYSE: EVTL], a global leader in zero-emission aviation, has been awarded the Shaping the Future Award by the UK’s Aerospace Technology Institute at its Technology & Innovation Awards 2024. The award celebrates zero-carbon emissions technology being developed in the UK for future commercial aircraft types and which represents a step change in UK... Read more
25-Sep-2024Source: Vertical Aerospace
Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL, EVTLW), a global aerospace and technology company pioneering electric aviation, announced a one-for-ten (1:10) reverse share split of its issued and unissued ordinary shares (the “ordinary shares”) and preferred shares, par value $0.0001 per share (the “Reverse Share Split”). The Reverse Share Split will become effective... Read more
18-Sep-2024Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company pioneering zero emissions aviation, has achieved another significant milestone. Its latest VX4 has completed the first phase of its piloted flight test programme at the Vertical Flight Test Centre. During Phase 1, the VX4 prototype conducted multiple piloted tethered flights and ground runs, across... Read more
12-Sep-2024Source: Olsen Actuators and Drives
Olsen Actuators and Drives has provided Vertical Aerospace, a global aerospace and technology company pioneering electric aviation, with an actuation and drives package for the primary flight control actuation systems for the VA-1X prototype pre-production aircraft. Vertical is creating a safer, cleaner and quieter way to travel. Aircraft AC02 is the latest iteration of its Vertical... Read more
21-Aug-2024Source: Vertical Aerospace
Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces it will hold its Annual General Meeting (AGM) at 12:30pm London Time on September 16th 2024 at their Bristol Headquarters, Unit 1, Camwal Court, Chapel St, Bristol BS2 0UW. Shareholders are invited to consider several... Read more
20-Aug-2024Source: Bicester Motion
Bicester Motion, the 444-acre future mobility estate in Bicester, Oxfordshire and Skyports Infrastructure, the leader in vertiport infrastructure for the advanced air mobility (AAM) industry, have been given the green light to build the UK’s first vertiport testbed for the electric air taxi industry. The application for the new vertiport to be built at Bicester Motion... Read more
29-Jul-2024Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company pioneering zero-emissions aviation, has seen its latest VX4 prototype perform its first tethered piloted flight as it begins the “wheels up” phase of testing. This VX4 performed a piloted flight while loosely tethered to the ground, during which Vertical measured over 20,000 flight and... Read more
26-Jul-2024Source: Vertical Aerospace
Vertical Aerospace (Vertical) (NYSE: EVTL), a global aerospace and technology company that is pioneering zero emissions aviation, unveiled its next generation full-scale VX4 prototype, the only electric take-off and landing vehicle (eVTOL) designed, built and assembled in the UK. Vertical Aerospace’s new, more advanced VX4 prototype, the only electric take-off and landing vehicle (eVTOL) designed,... Read more
24-Jul-2024Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, today announced that testing on its most advanced eVTOL aircraft, unveiled last week, has started with initial powered ground tests, including propeller balancing, successfully complete. Propeller balancing and spinning tests measure weight distribution of each propeller blade to... Read more
12-Jul-2024Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, announced that the scope of its Design Organisation Approval (DOA) has been expanded by the UK Civil Aviation Authority (CAA). The scope extension enables Vertical’s own engineers to sign off compliance of an increasing number of technical areas,... Read more
3-May-2024Source: Vertical Aerospace
Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, has made several leadership appointments as the company moves towards a pivotal phase of certifying its VX4 aircraft and commercialisation. Stuart Simpson, Vertical’s CFO and seasoned FTSE100 executive with a career which spans... Read more
19-Mar-2024Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, announces that it has released its full year 2023 Annual Report, including its financial results, alongside its latest Shareholder Letter. Vertical’s Annual Report is accessible on the Company’s investor relations website and on the SEC’s website at www.sec.gov while... Read more
21-Feb-2024Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, today announces it has been awarded £8 million ($10 million) in grant funding by the UK Government, through the Aerospace Technology Institute (ATI) Programme, to develop its next-generation propellers for use on its VX4 aircraft. The project is... Read more
23-Jan-2024Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, announces that it has secured $50 million in committed funding from founder, majority owner and CEO, Stephen Fitzpatrick. The investment provides the platform for further funding rounds and extends Vertical’s projected cash runway into Q2 2025, supporting the continued... Read more
5-Dec-2023Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, announced that it received a notice from the New York Stock Exchange (the “NYSE”) on November 28, 2023, indicating that the company is not currently in compliance with the NYSE continued listing standard requiring a minimum average closing... Read more
10-Nov-2023Source: Vertical Aerospace
Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the third quarter ended September 30, 2023. The Company has also issued a shareholder letter discussing its operating results and management commentary, which is posted to its investor... Read more
26-Oct-2023Source: Hanwha Aerospace
Hanwha Aerospace (“Hanwha”), a leading aircraft engine and advanced machinery manufacturer, and Vertical Aerospace (NYSE:EVTL) have signed an agreement to collaborate on the design, testing, manufacture, and supply of tilt and blade pitch control system for Vertical’s VX4 electric aircraft. Following the signing of a contract with Vertical last year for the development of EMA... Read more
31-Aug-2023
Vertical Aerospace (Vertical), a global aerospace and technology company that is pioneering zero-emissions aviation, today provides an update on its overall programme. Flight Test Update Vertical concluded its remote thrustborne flight test campaign in July 2023, as the first full-scale VX4 prototype reached its target speed of 40kts (70 kmph), demonstrating exceptional overall stability and... Read more
9-Aug-2023Source: HeliHub.com
Vertical Aerospace have had an accident with their test flight aircraft G-EVTL today. Images online (example) show significant damage at their test base at Cotswold Airport in the UK with the aircraft coming to rest close to (or possibly in contact with) the resident feature Boeing 747 which was retired from British Airways service in... Read more
23-May-2023Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTOL], a global aerospace and technology company that is pioneering zero-emissions aviation, today announces that South Korean mobility technology company, Kakao Mobility, has pre-ordered up to 50 of Vertical’s VX4 aircraft, adding South Korea to Vertical’s list of customer launch markets. Kakao Mobility, the largest Mobility-as-a-Service (MaaS) platform in South Korea... Read more
16-May-2023Source: Vertical Aerospace
Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the first quarter ended March 31, 2023. The Company has also issued a shareholder letter in conjunction with the filing of our first quarter 2023 results, which is... Read more
3-Apr-2023Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation announces further progress on its path to certification for the VX4, including securing the first ever Design Organisation Approval (DOA) issued to an eVTOL manufacturer by the UK Civil Aviation Authority. Design Organisation Approval UK and European aerospace companies... Read more
16-Mar-2023Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, announces another significant UK investment and innovation milestone with the opening of the Vertical Energy Centre (VEC), believed to be the UK’s most advanced aerospace battery facility, based in Bristol. The multi-million-pound state-of-the-art, 15,000ft2 facility, is one of the... Read more
31-Jan-2023Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, announces it has strengthened its executive leadership team with the appointment of John Martin as Chief Financial Officer (CFO). John joins Vertical after a successful thirty year career in senior operational and financial management roles of large, international businesses.... Read more
20-Jan-2023Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, announces that it has secured a pre-delivery payment for the reservation of aircraft delivery slots from its existing customer, the leading Japanese trading and investment conglomerate, Marubeni Corporation [Marubeni]. Following the joint working group partnership with Vertical, Marubeni has... Read more
7-Dec-2022Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, announces it has further strengthened its executive leadership team with the appointment of David King as Chief Engineer. David joins in February 2023 and will be responsible for the technical development and overall performance of the Vertical’s VX4 electric... Read more
16-Nov-2022Source: Vertical Aerospace
Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the third quarter ended September 30, 2022. The Company has also issued a shareholder letter discussing its operating results and management commentary, which is posted to its investor... Read more
27-Sep-2022
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, saw its VX4 eVTOL (electric vertical take-off and landing) aircraft take off from the ground for the very first time over the weekend. It becomes the first British company to start flight tests with a new aircraft in over... Read more
26-Jul-2022Source: Vertical Aerospace
Vertical Aerospace (“Vertical”) [NYSE:EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, and Hanwha Aerospace, a leading aircraft engine and advanced machinery manufacturer, have agreed to establish a joint development program for the design, testing, manufacture and supply of the electromechanical actuators for Vertical’s VX4 electric aircraft. The scope includes tilt... Read more
26-Jul-2022Source: GKN
GKN Aerospace has reached an important milestone in its partnership with Vertical Aerospace, (Vertical) [NYSE: EVTL] a global aerospace and technology company that is pioneering zero emissions aviation, by delivering the electrical wiring interconnection system (EWIS) and integration expertise for Vertical’s first flying prototype of the VX4 all-electric demonstrator aircraft. The VX4 is leveraging... Read more
20-Jul-2022
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, announces the appointment of former McLaren Automotive CEO, Mike Flewitt, to the Board of Directors (the “Vertical Board”). An experienced leader in the world of automotive innovation and manufacturing, Mike further strengthens Vertical’s leadership team which draws... Read more
19-Jul-2022Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation and CAE [NYSE: CAE, TSE: CAE], a market leader in flight simulation and training, today announced that CAE will be the pilot training partner for Vertical’s launch eVTOL aircraft, the VX4. CAE will design and develop a world-class... Read more
19-Jul-2022Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, today announces a partnership with Babcock International (Babcock) [LON: BAB], the aerospace, defence and security company to explore new applications for its VX4 eVTOL aircraft. The VX4 has proven demand in the passenger transportation markets from established... Read more
18-Jul-2022Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, today announces that it has confirmed delivery slots and the commitment of associated pre-delivery payments with American Airlines (NASDAQ: AAL). American has reserved delivery slots for the first 50 VX4 aircraft of its initial conditional pre-order of up... Read more
18-Jul-2022Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering electric aviation, announces today that FLYINGGROUP, one of Europe’s leading business jet operators, has conditionally pre-ordered up to 50 VX4 aircraft. FLYINGGROUP, which began operations in Antwerp in 1995, operates from aircraft bases across Europe and the Middle East. Currently... Read more
18-Jul-2022Source: Atkins
Vertical Aerospace, Virgin Atlantic, Atkins, Skyports and NATS, along with Connected Places Catapult and leading academic institutions Cranfield University and WMG, University of Warwick, today announced the creation of the Advanced Mobility Ecosystem Consortium. Together, the organisations will develop key technology and infrastructure in a project that will significantly accelerate the introduction of AAM in... Read more
7-Jul-2022Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, announces a strategic partnership with E-One Moli Energy Corp (Molicel), a leading manufacturer of lithium-ion cells, to supply high power cylindrical cells for Vertical’s VX4 eVTOL aircraft. With today’s announcement, Vertical has now secured the supply of... Read more
20-Jun-2022Source: Vertical Aerospace
Vertical Aerospace Ltd. (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, welcomes the UK Civil Aviation Authority’s (CAA) announcement confirming use of Special Conditions (SC)-VTOL as the basis for the UK certification for new electric vertical take-off and landing (eVTOL) aircraft, also used by the European Union... Read more
7-Jun-2022Source: Vertical Aerospace
A partnership of global leaders in aviation and airports announces its intention to explore the infrastructure requirements to bring eVTOL passenger flight to Brazil within this decade. The partnership includes: • Avolon, the world’s second largest aircraft leasing company; • Corporación América Airports [NYSE: CAAP], the largest global private sector airport operator by number... Read more
5-May-2022Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, today announces further progress on its path to certification, including the appointment of the former European Union Aviation Safety Agency’s (EASA) Certification Director, Trevor Woods, as Director – Regulatory Affairs. Concurrent EASA/CAA validation Vertical is also pleased to announce... Read more
12-Apr-2022Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL] notes Avolon’s announcement today that it has exceeded its whole 500 unit pre-order of Vertical’s VX4 electric aircraft within nine months. Avolon, the world’s second largest aircraft lessor, pre-ordered 500 VX4s in June 2021, and as of today has placed all of these units, as well as an additional 50... Read more
24-Mar-2022Source: Avolon
Avolon, the international aircraft leasing company, announces that it has partnered with Air Greenland, the flag-carrier for Greenland, to bring zero-emissions travel to the region and help tackle the issue of climate change. Avolon and Air Greenland will partner to form a Working Group to assess the opportunity to commercialise zero-emissions air travel in the... Read more
14-Feb-2022Source: Vertical Aerospace
Vertical Aerospace (“Vertical”) (NYSE:EVTL), a leading aerospace and technology company that is pioneering zero-emissions aviation, today announced that it has agreed a joint development program with Leonardo for the design, testing, manufacture and supply of the carbon composite fuselage for Vertical’s VX4 electric aircraft. Vertical and Leonardo will work together on optimising lightweight composite structures,... Read more
16-Nov-2021Source: Vertical Aerospace
Vertical Aerospace (“Vertical”), a global aerospace and technology company that is pioneering zero-emissions aviation, today announced the appointment of two Independent Non-Executive Directors, Kathy Cassidy and Gur Kimchi, to Vertical’s Board of Directors, with Dómhnal Slattery becoming an advisor to Stephen Fitzpatrick, CEO and Chairman of Vertical. These appointments will be effective upon completion of... Read more
1-Nov-2021Source: Vertical Aerospace
Vertical Aerospace (“Vertical”), a global aerospace and technology company that is pioneering zero-emissions aviation, today announced an agreement with Ferrovial, a leading global infrastructure operator, to cooperate on creating a network of 25 vertiports across the UK. Vertiports are dedicated sites that enable the take-off, landing and recharging of electric vertical take-off and landing (“eVTOL”)... Read more
1-Nov-2021Source: Vertical Aerospace
Vertical Aerospace (“Vertical”), a global aerospace and technology company that is pioneering zero-emissions aviation, announces over $200 million in additional financing to support its path to scale production and certification of the VA-X4 electric vertical take-off and landing (eVTOL) aircraft. Vertical is targeting the highest global certification for its VA-X4, which is expected to achieve... Read more
25-Oct-2021Source: Vertical Aerospace
Vertical Aerospace (“Vertical”), the global aerospace and technology company that is pioneering zero-emissions aviation, announces a collaboration with Heathrow Airport to explore how Vertical’s VA-X4 electric vertical take-off and landing (eVTOL) vehicle could operate from Heathrow by the mid-2020s. The agreement between Heathrow and Vertical is a significant milestone for Britain’s zero-emissions aviation industry. Both... Read more
20-Oct-2021Source: Vertical Aerospace
Vertical Aerospace (“Vertical”), the global aerospace and technology company that is pioneering electric aviation, along with its partners Virgin Atlantic, Avolon, Heathrow Airport, Skyports, and NATS today released a white paper highlighting the benefits of Advanced Aerial Mobility (AAM). AAM is a future transport enabled by electric Vertical Take-Off and Landing (eVTOL) aircraft flying from... Read more
12-Oct-2021Source: Vertical Aerospace
Vertical Aerospace (“Vertical”), the aerospace and technology company that is pioneering electric aviation, announces the appointment of Harry Holt as Chief Operating Officer. The announcement further strengthens Vertical’s senior leadership team which is well-balanced and draws from industry leaders in the aviation, energy, engineering and technology sectors. Vertical has already received conditional pre-orders for a total... Read more
11-Oct-2021Source: Vertical Aerospace
Vertical Aerospace (“Vertical”), the aerospace and technology company that is pioneering electric aviation, announces that Justin ‘Jif’ Paines has joined the company as Chief Test Pilot. Jif joins Vertical from Joby Aviation, where he held the same role for the past three years. Paines has an unrivalled understanding of the technical aspects of developing and... Read more
27-Sep-2021Source: Vertical Aerospace
Vertical Aerospace (“Vertical”), a leading British eVTOL manufacturer which is pioneering the transition to carbon free aviation, announced that Vertical and Marubeni Corporation (“Marubeni”), a leading Japanese integrated trading and investment business conglomerate have reached an agreement to explore sustainable, emissions free Advanced Aerial Mobility (AAM) travel solutions, focused on the application of Vertical’s flagship... Read more
11-Jun-2021
Avolon, the international aircraft leasing company, and Vertical Aerospace (‘Vertical’), the most advanced electric vertical take-off and landing (‘eVTOL’) company in the world, announce a ground-breaking US$2 billion order for up to 500 electric eVTOL aircraft. This agreement, which is subject to certain closing conditions, will introduce the ultra-short-haul aircraft category to commercial aviation, a... Read more
26-Oct-2020Source: Vertical Aerospace
Vertical Aerospace has received investment from the UK Government, through the Aerospace Technology Institute (ATI) Programme, to fund the development of a smart charger for their electric aircraft. The charger will increase Vertical’s in-flight performance and safety for their recently unveiled passenger model, VA-1X. This two-year project, expected to be completed by October 2022, pioneers... Read more
24-Sep-2020Source: Vertical Aerospace
Vertical Aerospace has received investment from the Aerospace Technology Institute (ATI)1, to fund the development of a smart charger for their electric aircraft. The charger will increase Vertical’s in-flight performance and safety for their recently unveiled passenger model, VA-1X. This two-year project, expected to be completed by October 2022, pioneers a new wave of aviation... Read more
11-Jun-2019Source: Honeywell
Honeywell (NYSE: HON) and Vertical Aerospace have signed a memorandum of understanding (MOU) to address the technical, regulatory and business challenges of the emerging urban air mobility segment. The companies plan to integrate Honeywell avionics, navigation, fly-by-wire and other products and advanced technologies that leverage the company’s technologies into future Vertical Aerospace vehicles for use... Read more
