Core Insights - Horizon Aircraft has signed a Letter of Intent with Discovery Air Chile Ltda. to lease five Cavorite X7 eVTOLs, with deliveries expected in 2028, marking a significant expansion into the South American market [1] - The Cavorite X7 is designed to provide a cost-effective alternative to traditional helicopters, boasting nearly double the speed and over 75% lower operating costs on a per-mile basis compared to conventional helicopters [1][2] Company Overview - Horizon Aircraft is an advanced aerospace engineering company focused on developing hybrid eVTOL aircraft that aim to perform missions similar to traditional aircraft while offering superior speed, range, and operational utility [2] - The company's unique designs prioritize safety, performance, and utility, positioning it as a leader in the emerging eVTOL market [2]
Horizon Aircraft Signs Letter of Intent with Discovery Air Chile Ltda., Expanding Global Presence of Cavorite X7 Hybrid eVTOLs