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Vertical Aerospace seeks new funding through additional share capital

Vertical Aerospace seeks new funding through additional share capital

by Richard Schuurman | Mar 25, 2023 | Advanced Air Mobility, Aerospace | 0 comments

Vertical Aerospace will seek new investments later this year to make sure that it is adequately funded to meet its objectives for 2024 and beyond. The Advanced Air Mobility (AAM) start-up says existing funding is sufficient for 2023 and 2024, as it has a net cash...
Vertical Aerospace VX-4 makes its first ‘flight’

Vertical Aerospace VX-4 makes its first ‘flight’

by Richard Schuurman | Sep 26, 2022 | Aerospace, eVTOL, UAM | 0 comments

Vertical Aerospace says it completed the first hover flight of its VX4 eVTOL vehicle over the past weekend. This is the first step of the full flight test program that should lead toward certification in 2025. Vertical Aerospace VX-4 makes its first...
Vertical prepares first VX4 prototype for maiden flight

Vertical prepares first VX4 prototype for maiden flight

by Richard Schuurman | Aug 8, 2022 | Aerospace, UAM | 0 comments

Vertical Aerospace has completed final assembly of the first full-scale prototype of the VX4 eVTOL. The vehicle will now start its multi-month flight test program, CEO Stephen Fitzpatrick said on August 8 in its HY1 2022 results release. Vertical prepares first VX4...
American is getting serious about the Vertical eVTOL

American is getting serious about the Vertical eVTOL

by Richard Schuurman | Jul 16, 2022 | Aerospace, UAM | 0 comments

A couple of days ahead of the Farnborough Airshow, urban air mobility (UAM) start-up Vertical Aerospace has announced a couple of interesting business updates. American Airlines has confirmed delivery slots and its commitment to purchase fifty VX4 vehicles, while...
Vertical opens up Turkish UAM market with Avolon and Gözen

Vertical opens up Turkish UAM market with Avolon and Gözen

by Richard Schuurman | Mar 29, 2022 | Aerospace, UAM | 0 comments

Irish lessor Avolon has placed fifty Vertical Aerospace VX4 eVTOL aircraft with Gözen Holding, making it the first to enter the Turkish market for urban air mobility (UAM). Gözen plans to develop this emerging market, notably around Istanbul and its overcrowded roads....
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