Find out about the latest and most interesting collaborations and partnerships between manufacturers, airlines, governments, consumers, and other key players in the VTOL, eVTOL and AAM industry.
With the electric VTOL market expecting to grow from $1.2 billion in 2023 to $23.4 billion by 2030 and $1 trillion by 2040, it is a no-brainer that investors will flock 🦢to the innovators and manufacturers in this sector. Lilium has been a pioneer in all-electric VTOL aircraft. Founded by 4 bright engineers and university…
Joby finalized the sale of 40,000,000 shares of common stock at a public offering price of $5.05 per share, making Joby possessing a cash balance of over $1 billion. The company held $825 million by the second quarter of 2024. Early this October, Joby received a $500 million in funding from Toyota. This puts the…
Lilium’s 6-k filing on Thursday (October 24th 2024), mentioned the situation at hand regarding the need of funds for Lilium (NASDAQ: LILM) to “conduct ongoing operations” in the same tempo it has in recent years. “As of the date of this report, the Company and the Subsidiaries have a limited amount of cash to conduct…
(Yes, we know the correct pronunciation, but thought this was fun!) Two potential sources of funding might provide the spark that jumpstarts electric VTOL manufacture Lilium’s growth. Both a €100 million ($110 million) loan from the German government owned KfW Development Bank and a French government investment of €220 million would provide Lilium with the…
Thanks to the incredible work between Lilium, EMCJET, and Galaxy FBO the great state of Texas will have Lilium jet connections between the cities of the Texas triangle. Houston (the energy capital), Dallas/Fort Worth (financial center with a Federal Reserve branch) and San Antonio (a major historical and tourist destination) will be fortunate to have…
A Sound Approach Without a doubt, it can be quite a nuisance to take time off from a hectic work schedule and spend time vacationing in the French Riviera, only to be confronted with obnoxious helicopters flying overhead. The authorities in the Côte d’Azur have been seeking solutions to mitigate this problem for the 11…
H2FLY, based in German city of Stuttgart has successfully completed testing of its hydrogen tank during on-ground filling of liquid hydrogen, which has been dubbed by the company a “world’s first”. This newly developed tank was built and designed for the H2FLY’s HY4 aircraft by the French firm Air Liquide based on F2FLY’s requirements. As…
Chicago’s Air Travel Hub United Airlines and Archer have announced plans for commercial eVTOL air taxi between O’Hare airport and Vertiport Chicago. Given Chicago has O’Hare International Airport (ORD) as a major air travel hub, and Vertiport Chicago (which is the largest heliport in the North America), as well as being the location of United’s…
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