The soon-to-be-merged business consisting of Astro Aerospace and Horizon Aircraft will jointly advance plans for three new aircraft intended to serve an array of applications, including passenger transportation, cargo, and emergency medical support. When Astro’s acquisition of Horizon is complete around early April, the combined company will step up the development of the latter’s five-seat Cavorite X5 eVTOL while also advancing the smaller autonomous Elroy model and the Alta logistics platform.
According to Canada-based Horizon’s founder and CEO Brandon Robinson, his company’s engineering capability will provide extra muscle to accelerate the Elroy and Alta programs for its new Texan parent company. He told FutureFlight that Horizon has previously supported Astro with some projects and that when the time came for it to raise further funding for the hybrid-electric Cavorite, the offer from Astro seemed like an ideal strategic choice.
