FutureFlight

Work for Germany's new Air Mobility Initiative is largely centered on the Bavarian city of Ingolstadt and is being conducted by a large team of partners led by Airbus, which is developing a four-passenger eVTOL aircraft called CityAIrbus NextGen. Federal and state governments are backing the project, which is part of Airbus's wider efforts to develop ecosystems for eVTOL air services.

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Global-X over Miami

As it prepares for closing a business combination with Zanite and a New York Stock Exchange listing on May 9, Eve Urban Air Mobility reported an increase in provisional sales commitments for its planned four-passenger eVTOL aircraft to 1,825 from 19 customers. The subsidiary of Brazilian aircraft manufacturer Embraer also confirmed that it plans to publish an air taxi concept of operations for Rio de Janeiro.

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United Airlines, an investor and launch customer for eVTOL aircraft developer Archer Aviation, is forming a joint advisory committee with the start-up to consider maintenance and operations plans. The carrier intends to use Archer's four-passenger aircraft to carry its customers to and from hub airports.

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Companies like Aviation Safety Resources and Ballistic Recovery Systems are convinced that their whole-aircraft parachutes can be a critical last resort to ensure a safe landing in the event of major system failures. But developers of eVTOL aircraft insist they are building in more than adequate safety redundancy and that parachutes bring their own problems.

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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.

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For flight testing as part of NASA's Electrified Powertrain Flight Demonstration program, a 50-seat Dash 7 airliner operated by Air Tindi in Canada's remote Northwestern Territories will be converted to a hybrid-electric propulsion system using MagniX's Magni650 motors in combination with its Pratt & Whitney PT6 engines.

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Diamond Aircraft aims to certify the electrically-powered version of the DA40 light aircraft by the end of 2023. The company has selected Safran Electrical & Power to provide the electric motor system for what it will designate as the eDA40.

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On the Radar
Vertical Reports Business Momentum Building as VX4 eVTOL Prepares for Its First Flight

Vertical Aerospace has published its first annual report and shareholder letter since the eVTOL aircraft developer became a public company in December 2021 through a business combination with Broadstone Acquisition and the resulting New York Stock Exchange flotation. Generally speaking, the balance sheet presented for 2021 seems pretty consistent with what might be expected from an ambitious, well-funded start-up still three years away from a sustained revenue flow, with its four-passenger VX4 vehicle planned to enter commercial service in 2025.

Predictably, in the face of rising research and development costs of £24.3 million ($30.4 million) and expenses associated with ramping up the business, UK-based Vertical sustained a net loss of just over £245 million last year. Cash flow was bolstered by the proceeds from the business combination and the public investment in private equity backed by several leading investors, including Honeywell, Rolls-Royce, and Microsoft. As of December 31, the company had £212.7 million in cash, having started 2021 with just £839,000.

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FF VideoPlayer_Kaman

Since Russia’s invasion of Ukraine in late February, military and humanitarian logistics planners have been wrestling with how to get supplies into the war zone. It has been tempting to imagine the role that some of the new autonomous VTOL aircraft now in development could play in such scenarios. In this FutureFlight video we look at what Kaman has in mind for its new Kargo UAV, and also other autonomous aircraft now in the works with innovators including Elroy Air, MightyFly, Pipistrel, and Kitty Hawk.

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Featured Program

The eMagic One is a single-seat personal eVTOL vehicle, and a two-seater version is also planned by German start-up eMagic Aircraft.

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Featured Person
Tyler Painter
 

In May 2022, Wisk Aero announced the appointment of Tyler Painter as its first CFO to lead the eVTOL aircraft developer's finance, accounting, corporate development, and information technology teams. He joined Wisk from Surf Air Mobility, having previously served as CFO for Fair Financial Corp, and biotechnology group Solazyme, where he helped with an initial public offering. Earlier in his career, he was corporate treasurer and finance vice president with aerospace software group Wind River Systems. Painter earned a bachelor's degree in business administration and finance from the California Polytechnic State University-San Luis Obispo.

UPCOMING EVENTS
 
May 23 - 25, 2022 / Geneva

The European Business Aviation Convention & Exhibition is held annually in Geneva. 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 is expected to have the most significant contingent of advanced air mobility companies present to date.

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