FutureFlight

Archer Aviation has completed the preliminary design review for the initial production version of its eVTOL air taxi and revealed the name of the aircraft. Dubbed “Midnight,” Archer's eVTOL is on track to enter service by 2025, company officials told investors in a quarterly earnings call on August 11. On August 10, the company reported that it had received a $10 million down payment from United Airlines for the first 100 of 200 production eVTOLs United had provisionally agreed to buy in February 2021.

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The United States Department of Defense is expanding its contract with California-based eVTOL developer Joby, establishing a new partnership between the company and the Marine Corps.

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American Airlines has placed the first non-refundable deposit on a prospective order for Boom's Overture supersonic airliner, with plans to take up to 60 of the new aircraft. Boom, which still needs to get backing from an engine manufacturer, says it aims to build a prototype in 2025 and begin deliveries in 2029.

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Airo Group, which includes eVTOL aircraft developer Jaunt Air Mobility, has filed a confidential S-1 registration with the U.S. Securities and Exchange Commission to seek approval for an initial public offering. In addition to focusing on eVTOL technology, the company is involved with avionics, drones, and training.

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Experts gathered at the Vertical Flight Society's recent Electric Aircraft Symposium pointed to numerous roadblocks to putting the proper infrastructure in place for advanced air mobility, such as raising sufficient capital, finding acceptable locations, and completing the appropriate studies.

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The UK’s Cranfield Aerospace Solutions has seen its current investment round increase to £14.4 million with a fresh funding injection by the Tawazun Economic Council of the UAE and California-based Motus Ventures.

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Eviation is still on track to perform the first test flight of its all-electric Alice aircraft this summer, company officials told FutureFlight. The electric aircraft start-up teased new photos of the Alice on Twitter this week, showing the nine-passenger aircraft on the tarmac at Grant County International Airport in Moses Lake, Washington, where the first test flight is expected to occur sometime in the next five weeks. 

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On the Radar
Future of Air Mobility Accelerator Program Aims to Support SME Innovators

The UK’s Connected Places Catapult is looking to select up to a dozen small and medium-sized enterprises (SMEs) to participate in its second Future of Air Mobility Accelerator (FoAM) program. The six-month program—which is also backed by Future Flight Challenge, an initiative run by UK Research and Innovation (UKRI)—will provide successful entrants with support from a consortium of industry, academic, and regulatory partners to evaluate disruptive solutions for advanced air mobility.

The main areas of work covered by the 2022 FoAM program are future airport and vertiport operations, aviation sustainability, future air and space traffic management, and enabling end-to-end mobility. The SMEs will receive support to help them secure investment and develop technology and products. They will also be introduced to aviation stakeholders and prospective customers.

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FF VideoPlayer_Ecojet

Can a private jet be an environmentally sustainable mode of transportation? Some might find the notion laughable, but Bombardier and other manufacturers are preparing for a green future. The Canadian manufacturer has given its engineering teams freedom to explore a wide range of technologies in its quest to drive carbon out of air transport. Under a project called EcoJet, they are looking at new features such as a blended wing design that they hope could pave the way to an eventual net zero carbon industry. FutureFlight spoke with Bombardier’s head of aircraft design and development to find out how the company intends to make progress.

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Featured Program

Archer is one of half a dozen or so start-ups leading the pack in seeking to bring its four-passenger eVTOL aircraft into commercial service by 2025. The program is well funded by capital raised through a merger with special purpose acquisition group Atlas Crest Investment and a subsequent $847 million equity flotation on the New York Stock Exchange that was completed in September 2021.

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Featured Person
Sergio Biganzoli
 

Manta Aircraft, an Italian hybrid-electric VTOL/STOL developer specializing in regional aviation, appointed Sergio Biganzoli as its chief financial officer in August 2022. Biganzoli was the chief financial officer for the helicopter design and manufacturing company AgustaWestland, now known as Leonardo, from 2009 to 2016. He has extensive experience in financial management consulting, particularly in the aerospace industry. Before joining Manta, Biganzoli served as chairman of the board of directors at Galvair, an aerospace and aeronautics subcontractor based in Barberino Di Mugello, Italy.

UPCOMING EVENTS
 
September 12 - 13, 2022 / San Francisco

Revolution Aero is a key event in the advanced air mobility calendar and the 2022 conference in San Francisco is expected to draw more than 300 experts, investors, business founders, regulators, financiers, and multiple other stakeholders. Bookings are now open.

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