Charter & Fractional
Indian Charter Group JetSetGo Signs for Horizon's eVTOL
Canadian start-up Horizon just raised $9 million in a SPAC-backed Nasdaq listing
Horizon's Cavorite X7 eVTOL aircraft
Horizon's Cavorite X7 eVTOL aircraft will carry six passengers up to 500 miles. © Horizon Aircraft

Indian private aviation group JetSetGo plans to reshape its fleet for the emerging advanced air mobility sector with up to 100 of Horizon Aircraft’s in-development Cavorite X7 eVTOLs. On January 16, the Delhi-based company signed a memorandum of understanding provisionally committing to purchase 50 of the six-passenger X7, with options for another 50.

Toronto-based Horizon reported the purchase price for each of the hybrid-electric aircraft as $5 million. On this basis, the transaction would be valued at between $250 million and $500 million.