SANTA CRUZ, Calif. / May 12, 2025 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has successfully flown two of its aircraft simultaneously for the first time, marking another important milestone in the Company’s flight testing program. The two-aircraft flight, completed in Marina, CA, on May 9, is a... Read more
Integrating hybrid-electric propulsion capabilities into Vertical’s next-generation aircraft prototype, unlocking multi-billion-dollar opportunities including defence, logistics and wider commercial applications Actively discussing use cases and defence special mission applications with government agencies and potential customers New long-range variant will be adapted from the all-electric VX4,... Read more
UAE Launch remains on track for later this year with plans to deliver a piloted Midnight aircraft to the UAE this summer The Midnight “Launch Edition” program rolls out with its first two customers: Abu Dhabi Aviation and Ethiopian Airlines Partnering with Palantir to build artificial intelligence for the future of next-gen aviation technologies Total cash position surpasses $1B, leading the... Read more
MELBOURNE, Fla., May 12, 2025 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW) reports its First Quarter 2025 Earnings Results. Financial highlights Eve Air Mobility is an aerospace company dedicated to the development of an eVTOL (electric Vertical Takeoff and Landing) aircraft and the Urban Air Mobility (UAM) ecosystem that includes aircraft development, Services & Support... Read more
Net loss improved by $0.7 million versus the prior year to $(3.5) million in Q1 2025; Adjusted EBITDA improved by $2.3 million versus the prior year to $(1.2) million in Q1 2025(1) First Adjusted EBITDA profitable Q1 in the Passenger Segment since going public. Passenger Segment Adjusted EBITDA of $0.1 million in Q1 2025 represents a $2.7 million increase versus the prior year Q1 2025 revenue... Read more
Honeywell continues certification and production work for its flight control and aircraft management systems; enters into new long-term agreement with Vertical to unlock speed and efficiencies in delivering Vertical’s VX4 aircraft to customers New Honeywell inceptors also selected by Vertical to make VX4 easier and safer for pilots to fly Expanded partnership has potential $1B projected contract... Read more
SANTA CRUZ, Calif. / May 07, 2025 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today issued its First Quarter 2025 Shareholder Letter detailing the company’s operational and financial results for the period ending March 31, 2025. The company will host a live audio webcast of its conference call to discuss the results... Read more
Interline flights will connect the large air travel market between Japan and Hawaii by expanding direct flight access for Japan Airlines passengers to more Hawaiian airports. Mokulele Airlines is an airline subsidiary brand of Surf Air Mobility. Surf Air Mobility Inc. (NYSE: SRFM) (the “Company” or “Surf Air Mobility”), a leading regional air mobility platform, today announced that Mokulele... Read more
First full transition flights with pilot onboard Marks critical step toward starting FAA flight testing Company remains on-track to start flight testing in Dubai mid-year SANTA CRUZ, Calif. / Apr 29, 2025 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has reached a landmark moment in its aircraft... Read more
The UAE’s aviation regulator, the General Civil Aviation Agency (GCAA), has approved the design for the planned transformation of the Abu Dhabi Cruise Terminal helipad into a hybrid heliport for both helicopter and eVTOL aircraft operations The goal is for this location to become the first site ready for eVTOL aircraft operations in the UAE, providing direct access to the Abu Dhabi Port, the Louvre... Read more
Archer’s vision of an air taxi network in NYC would connect Manhattan with nearby airports using its Midnight aircraft, allowing customers to replace one-to-two-hour drives with flights that take 5-15 minutes, potentially saving hours versus sitting in traffic The network would be designed to include vertiports at existing aviation assets around the region, including both airports and NYC hel... Read more
Surf Air Mobility Inc. (NYSE: SRFM) (the “Company”), a leading regional air mobility platform, closed on the previously announced purchase and sale of 2,000,000 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $2.50 per share (or pre-funded warrant in lieu thereof) in a registered direct offering. H.C. Wainwright & Co. acted as the exclusive placement... Read more
Surf Air Mobility Inc. (NYSE: SRFM) (the “Company”), a leading regional air mobility platform, announced today that it has entered into definitive agreements for the purchase and sale of 2,000,000 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $2.50 per share (or pre-funded warrant in lieu thereof) in a registered direct offering. The offering is expected... Read more
Vertical joins BETA Technologies, Archer Aviation, and much of the industry in adopting the Combined Charging Standard (CCS), as endorsed by the General Aviation Manufacturers Association (GAMA). Interoperable charging will lower costs, simplify infrastructure, and accelerate commercial eVTOL deployment. Vertical has purchased two of BETA’s chargers for evaluation as it adopts CCS. LONDON... Read more
GUANGZHOU, China, March 30, 2025 (GLOBE NEWSWIRE) -- EHang (Nasdaq: EH), the world’s leading Urban Air Mobility (UAM) technology platform company, announced that its wholly-owned subsidiary, Guangdong EHang General Aviation Co., Ltd. (“EHang General Aviation”), and its joint venture company in Hefei, Hefei HeYi Aviation Co., Ltd. (“HeYi Aviation”), have been granted the first batch of... Read more
Archer announced today that it has signed an agreement outlining plans to deploy an initial fleet of Midnight aircraft to Africa’s largest carrier and Star Alliance member, Ethiopian Airlines, under Archer’s “Launch Edition” program valued at up to $30M. The companies will work together to over time build an air taxi network in the region, with Archer planning to provide Ethiopian Airlines... Read more
Fourth Quarter Revenue of $28.05 Million Rose 5% Compared with Revenue of $26.8 Million in the Prior Year, Exceeding Expectations of $25 - $28 Million Fourth Quarter Adjusted EBITDA Loss of $6.9 Million Improved by $11.5 Million, or 63%, Versus the Prior Year, Within the Guidance Range of $5 - $8 Million Full Year Revenue of $119.4 Million Rose 6% Compared with Pro Forma Revenue of $112.9 Million... Read more
Partnership will deliver revolutionary, emissions-free travel in the UK, including greater connectivity for Virgin Atlantic customers traveling to and from the airport Virgin Atlantic to support Joby’s preparations for operation in the UK Agreement builds on Virgin Atlantic’s track record of innovation and award-winning customer service SANTA CRUZ, Calif. & LONDON / Mar 15, 2025 / Business... Read more
Archer will initially leverage Palantir Foundry and AIP to accelerate the scaling of its aircraft manufacturing capabilities Archer and Palantir plan to work in parallel to develop software for the next-gen of critical aviation systems, including air traffic control, movement control and route planning Archer and Palantir will formalize the partnership later today during a signing ceremony between... Read more
Full-year net loss improved by $28.8 million versus the prior year to $(27.3) million in FY 2024; Adjusted EBITDA improved by $17.8 million versus the prior year to $1.2 million in FY 2024(1) Full-year Passenger Segment Adjusted EBITDA of $3.6 million in 2024 represents an $8.6 million increase versus the prior year Q4 revenue increased 14.5% versus the prior year to $54.4 million in 2024. Excluding... Read more
Record-high quarterly and annual revenues, up 190.2% and 288.5% YoY, respectively Record-high quarterly and annual delivery volume, 216 units in 2024 1st year and 3rd consecutive quarter of non-GAAP profitability1 1st year and 5th consecutive quarter of positive operating cash flow Fiscal year 2025 revenues expected to be around RMB900 million, up 97% YoY GUANGZHOU, China, March 11, 2025... Read more
MELBOURNE, Fla., March 11, 2025 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW) reports its fourth quarter and fiscal year 2024 earnings results. Year in review Eve Air Mobility accomplished several milestones on our journey to shape the global Urban Air Mobility (UAM) ecosystem in 2024. With the selection of all flight-critical component suppliers for our eVTOL, we completed... Read more
$220M re-financing secured, including balance sheet restructure and upsized $90M public offering, funding operations through 2025 An industry leader in capital efficiency as Vertical advances towards certification and commercialisation Vertical preparing for full-scale piloted wingborne flight following completion of piloted thrustborne testing Third full-scale VX4 prototype assembly underway... Read more
NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade”), a technology-powered global air mobility platform, and Skyports Infrastructure (“Skyports”), a leading provider of ground infrastructure for advanced air mobility, announced an alliance today to launch a pilot program that will expand Blade’s existing by-the-seat helicopter transfer service, connecting... Read more
SurfOS is an AI-enabled operating system for the Advanced Air Mobility industry powered by Palantir Technologies. For more information about SurfOS, click here to view a short video. Company provides progress update on new SurfOS software features. Surf Air Mobility Inc. (NYSE: SRFM) (“the Company” or “Surf Air Mobility”), a leading regional air mobility platform, today announced it... Read more
Surf Air Mobility Inc. (NYSE: SRFM) ("the Company" or "Surf Air Mobility"), a leading regional air mobility platform, today announced the appointment of two new key positions to the Company's air mobility team. Bob Waltz has joined Surf Air Mobility as the Vice President of Flight Operations, effective March 1, 2025. Linda MacAskill has joined Surf Air Mobility as the Director of System Operations... Read more
Archer’s Launch Edition program aims to establish a pragmatic and repeatable commercialization playbook to deploy Midnight to dozens of early adopter markets This approach enables Archer to build operational expertise, generate revenue and continue to strengthen long-term demand Abu Dhabi Aviation (ADA) plans to deploy the first Midnight aircraft later this year as the company’s first Launch... Read more
Unveiled “Launch Edition” commercialization program with Abu Dhabi Aviation (ADA) as its first customer, establishing a playbook to deploy Midnight commercially to dozens of early adopter markets in advance of type certification of the aircraft by the FAA Eyeing strong demand in the defense market and beyond for its planned hybrid aircraft that it is developing under an exclusive partnership... Read more
Joby reports Fourth Quarter and Full Year 2024 results Record progress on stage four of FAA certification Delivery of second aircraft to U.S. Air Force Plans to carry first passengers in late 2025 or early 2026 More than $1B of additional funding and commitments made in the fourth quarter SANTA CRUZ, Calif. / Feb 26, 2025 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing... Read more
The Company is actively hiring aviation professionals based in the Dallas metro area across its operational departments. Surf Air Mobility Inc. (NYSE: SRFM) (“the Company” or “Surf Air Mobility”), a leading regional air mobility platform, today announced the Company’s relocation of its Air Operations Center (“AOC”) to Addison, Texas, a suburb of Dallas. The move is part of Surf Air... Read more
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