Canadian aerospace firm Horizon Aircraft says it has reached several key milestones in the development of its hybrid electric vertical take-off and landing (eVTOL) aircraft, one of the first of its kind. The company, which trades on Nasdaq as HOVR, confirmed that in May it completed one of the wo...

New Horizon Aircraft announces a strategic collaboration with Andrea Mocellin, an acclaimed mobility designer, to refine the design and aesthetics of the revolutionary Cavorite X7 hybrid-electric eVTOL aircraft. Mocellin, known for his pioneering work in aviation, automotive, and micromobility, b...

New Horizon Aircraft Ltd., a hybrid electric Vertical Take-Off and Landing (“eVTOL”) aircraft developer, announced today it has signed a Letter of Intent (“LOI”) with Discovery Air Chile Ltda., a Chilean helicopter operator to lease five Cavorite X7 eVTOLs with a projected delivery timeline ...

New Horizon Aircraft Ltd., developer of an electric Vertical Take-Off and Landing (eVTOL) aircraft, has commissioned a study that indicates a strong return by investors to small- and micro-cap companies with unique and sustainable technologies may be imminent. The global study with small and micr...

New Horizon Aircraft today announces that Tom Brassington has been appointed as Chief Technology Officer. Tom is the latest in a series of new hires as Horizon Aircraft continues to bolster its engineering team with people who have proven track records in the aerospace sector. Tom joins from L...

In a significant development in the aviation industry, Horizon Aircraft has formalized a Letter of Intent (LOI) with JetSetGo, a prominent private aviation operator. This LOI outlines JetSetGo's intention to acquire 50 units of the cutting-edge Cavorite X7 Aircraft, with each aircraft priced at u...

Horizon Aircraft, a hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, today announced the expansion of its leadership team with the appointment of seasoned financial aviation executive, Brian Merker, as Chief Financial Officer. Brandon Robinson, Chief Executive Officer ...

Robinson Aircraft Ltd., a hybrid electric Vertical TakeOff and Landing aircraft developer, has announced a strategic investment in the form of a convertible note purchased by certain accounts of Canso Investment Counsel Ltd. and affiliated companies for an aggregate $6.7 million CAD. Brandon Robins...

Growing support for the launch of air taxi services could help boost remote communities in Canada with more people considering moving to remote areas, if access conditions improve according to new research. Government data shows that roughly one in nine Canadians are classed as living in remote are...

Pono Capital Three, Inc., a special purpose acquisition company, has announced the execution of a definitive Business Combination Agreement with Robinson Aircraft Ltd., a British Columbia company doing business as Horizon Aircraft. Pursuant to the Business Combination Agreement, it is intended th...

New research by Horizon Aircraft, a Canadian based innovative leader in hybrid electric Vertical Take-off and Landing (eVTOL) aerial vehicles, reveals Canada is seeing strong growth in its business aviation sector. In 2022, there were 182,354 business aircraft departures in Canada, which was 35.6...

A new survey amongst private equity and venture capital professionals reveals that over the next two years, 88% expect improvements in the regulatory framework for the eVTOL market and 15% anticipate there will be a dramatic improvement. The study was commissioned by Horizon Aircraft, an innovat...

Horizon Aircraft, an innovative leader in hybrid electric Vertical Take-off and Landing (VTOL) aerial vehicles, announced today that it has successfully completed initial hover testing of its “Cavorite X5” scale prototype. Brandon Robinson, CEO of Horizon Aircraft said, “this aircraft has e...

Horizon Aircraft Inc. today announced that it has entered into a binding agreement with its parent company, Astro Aerospace Ltd (“Astro”) and several of Astro’s key shareholders (the “Purchasers”) whereby Astro has agreed to sell 100% of the equity of Horizon to the Purchasers in exchange ...

Horizon Aircraft Inc. an innovative leader in hybrid electric Vertical Take-off and Landing (VTOL) aerial vehicles, has successfully completed Phase 1 of the AFWERX High Speed Vertical Takeoff and Landing (HSVTOL) Challenge. The highly competitive Phase 1 contract award included significant non-d...