Tag: Horizon Aircraft

Major investors expect first commercial eVTOL passenger routes to be operational by 2026

Global investors are anticipating the first commercial passenger routes of electric Vertical Takeoff and Landing (eVTOL) aircraft to be operational in the next few years as the Future Air Mobility market continues to advance rapidly, according to new global research from New Horizon Aircraft Ltd., d...

Horizon Aircraft and JetSetGo announce landmark agreement for Cavorite X7 Aircraft

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 announces board of directors for post-merger public company

Robinson Aircraft Ltd., doing business as Horizon Aircraft, a hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, which previously announced that it would become a public company via a business combination with publicly-traded special purpose acquisition company, Pono Capi...

eVTOL company Horizon Aircraft appoints Brian Merker as chief financial officer

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 ...

Horizon Aircraft secures investment from Canso Investment Counsel Ltd.

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...

Air taxis could help boost remote communities, research shows

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...

eVTOL company Horizon Aircraft signs definitive agreement to go public

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...

Private equity and venture capital professionals predict strong regulatory advances in the eVOTL maket

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...

3C and Horizon Aircraft sign MoU to collaborate on Cavorite X5 project

3C and Horizon Aircraft have recently signed a memorandum of understanding (MoU) to collaborate on the Cavorite X5 project, which aims to revolutionize the aviation industry. The two companies have come together to bring their expertise in the field of aerospace engineering and innovation to the ...

Horizon Aircraft enters into binding agreement with Astro Aerospace for reprivatization

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 Successfully Completes AFWERX HSVTOL Challenge Phase 1

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...

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