Some of the "partially refundable" deposits will be applied to the costs of certifying the new aircraft.

P&WC’s choice of H55 for the de Havilland Dash 8 hybrid-electric demonstrator comes 10 months after program launch.

The deal to buy Avionyx follows Joby's recent acquisition of radio frequency technology group Inras.

The company is also set to acquire regional airline Southern Airways and convert its Grand Caravan fleet to hybrid-electric propulsion.

The Belgium-based company has been founded by Huw Hampson-Jones, who previously ran lithium-sulfur battery developer Oxis Energy.

The patents made public this week constitute part of a batch of 50 applications eVTOL aircraft developer Lilium filed throughout 2021.

Volocopter will be the first to use the cloud-based technology it is developing with Microsoft, which has previously invested in the start-up.

The Urban Air Mobility Partnership will explore operational and infrastructure considerations associated with UAM in the Los Angeles metro area..

The Italian company is in administration, awaiting possible acquisition by new owners, who would determine whether to invest in a new aircraft.

Operating losses for the first quarter of 2022 increased as the company has almost doubled its investment in research and development work, but it still holds $1.2 billion in cash and other capital on its balance sheet.

In addition to Textron's Grand Caravan, the company says it could convert models such as the Twin Otter, the SkyMaster, and ATR's regional airliners.

The company is combining its business with special purpose acquisition company Kensington Capital and hopes to raise $430 million with a New York Stock Exchange flotation.

Along with its equity investment, Hawaiian Airline agrees to support the initial design of the 100-passenger Monarch.

The company raised $377 million from an initial public offering on the New York Stock Exchange, with dented trading conditions resulting in less than the anticipated $500 million plus return.

The company reported rising operating costs related to increased expenditure to build and certify its four-passenger eVTOL aircraft.

A report in The Air Current this week claimed that the FAA is to fundamentally replace the basis on which new eVTOL aircraft will be certified by removing the use of existing Part 23 rules as the regulatory foundation.

The concept-of-operations document illustrates the complexity of establishing eVTOL air services across vast metropolitan areas, including those in Eve's home country, Brazil.

Results from recent NASA-backed flight tests with Joby’s eVTOL prototype demonstrate that its noise would be barely audible from city streets below.

The noise testing used 50 omnidirectional microphones deployed in a grid over which the Joby prototype flew repeatedly to represent anticipated operational noise profiles.

The California-based company is joining other key program partners, including Spirit AeroSystems, Thales, and Diehl.