FutureFlight
Air Mobility Airo Group Prepares for Initial Public Offering
Airo subsidiary Jaunt recently signaled its intention to set up a second production line for its Journey four-passenger eVTOL air taxi in India.
Jaunt's Journey eVTOL aircraft is based on the company's patented slowed-rotor compound wing technology.
Airo Group subsidiary Jaunt Air Mobility plans to start delivering its four-passenger Journey eVTOL aircraft in 2026. (Image: Jaunt)

Airo Group is stepping up its plans for an initial public offering (IPO) that would provide further funding for subsidiary companies including Aspen Avionics and eVTOL aircraft developers Jaunt Air Mobility. On August 15, the U.S. company announced that it has filed an S-1 draft registration statement with the Securities and Exchange Commission (SEC).

Airo Group said it has yet to determine how many shares it will offer and an anticipated price range for the equity. The timing of the IPO is subject to an SEC review process, as well as market and other conditions.