FutureFlight

Surf Air Mobility is no longer acquiring Ampaire, as announced by the companies last year. Instead, Ampaire will soon pursue a Series B funding round to increase available capital to support its efforts to convert the Cessna Grand Caravan aircraft to hybrid-electric power. It recently conducted the first ground tests with the new integrated propulsion system.

READ MORE

LCI is one of several aircraft leasing groups planning to invest in new eVTOL vehicles like the five-passenger Alia 250 being developed by Beta Technologies. The Ireland-based group has now placed deposit-backed orders for an initial 50 units and has options for another 75.

READ MORE
advertisement

In a move that appears to have been instigated by Archer's board of directors, the eVTOL aircraft pioneer's co-founder, Brett Adcock, is stepping down as co-CEO, leaving Adam Goldstein in overall command of the start-up. The company says it will be prepared to start commercial air taxi services in 2024 but will not have a production-conforming version of its four-passenger vehicle ready to fly until 2023.

READ MORE

Europe's air safety regulator, EASA, has said it will concurrently validate the anticipated UK Civil Aviation Authority type certificate for Vertical's VX4 eVTOL model. The company expects to receive its Design Organization Approval later this year and start flight testing a full-scale prototype.

READ MORE

Safran makes turbofan and turboshaft engines for established fixed-wing aircraft and helicopters, but now the France-based company is betting big on the propulsion needs of new electric aircraft. Its growing list of partners in the advanced air mobility sector includes Aura Aero, VoltAero, and Bye Aerospace.

READ MORE

Infrastructure specialist Urban-Air Port partnered with eVTOL aircraft developer Supernal to display the Air-One concept for a multimodal transportation hub that could integrate eVTOL aircraft and drones into cities. The concept was unveiled this week at Coventry in the UK and will start a tour of other international cities later in 2022.

READ MORE

Salisbury Ocean City Wicomico County Airport has established an Autonomous Innovation Center and is looking to attract companies developing and operating uncrewed air vehicles. The airport's management says that its ability to designate local airspace for specific use by UAVs gives it a distinct advantage that could result in current piloted aircraft being replaced by autonomous operations.

READ MORE
On the Radar
Lufthansa Aviation Hub Report Claims the SPAC eVTOL Bubble Has Burst

A new report from the Lufthansa Aviation Hub argues that initial public offerings backed by special-purpose acquisition companies (SPACs) have fallen out of favor recently, following a period early last year when they accounted for 90 percent of all money raised on public markets in the U.S. The German airline’s research arm spells out the reasons behind this claimed shift in fortunes and explains its significance to the advanced air mobility sector.

Ultimately, 2021 recorded more than 600 SPACs—a record high far beyond anything financial markets had seen before. SPACs—which the report describes as essentially big pools of cash listed on a stock exchange—allow investors to find a private company, buy it, and take it public quickly. Wall Street insiders refer to SPACs “blank check companies” because investors backing a SPAC invest their money up to two years before the identification of an acquisition target, hoping that the instrument’s sponsors find a good deal. 

READ MORE
FF VideoPlayer_Youngs

Most aircraft makers brag about the first flights of their prototypes like self-absorbed first-time parents with their baby photos. Volocopter can’t be accused of any such narcissism. When its VoloCity eVTOL aircraft kicked off flight testing with a short hover from the company’s Bruschal headquarters on Dec. 22, 2021, it somewhat grudgingly acknowledged this happening without elaboration. Then on April 13, it released a two-minute video providing a progress report on the program that peaked with a tantalizingly short glimpse of the flight itself. The prototype has been used for further flight trials since then but Volocopter has declined to provide any details on progress so far, beyond reporting that it has already logged more than 1,500 flight tests with the 2X aircraft. 

Watch Video
Featured Program

The in-design ES-19 is a 19-seat, zero-emissions regional airliner powered by four electric engines.

READ MORE
Featured Person
Adam Goldstein
 

Adam Goldstein is co-founder of eVTOL aircraft developer Archer. In 2013, he founded Vettery with his business partner Brett Adcock and in 2018 they sold the recruitment platform to the Adecco Group. Prior to founding Vettery, he worked in the investment industry. He holds a Bachelor of Science degree from the University of Florida and an MBA from New York University.

UPCOMING EVENTS
 
May 23 - 25, 2022 / Geneva

The European Business Aviation Convention & Exhibition is held annually in Geneva, Switzerland. Organized jointly by the U.S. National Business Aviation Association and its European counterpart, EBAA, it is the world's second-largest business aviation trade show after the BACE event. The 2022 EBACE show after the NBAA’s American event.

READ MORE