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Horizon Aircraft Achieves Historic Transition to Forward Flight
Globenewswire· 2025-05-15 12:00
Core Viewpoint - Horizon Aircraft has achieved a significant technical milestone by successfully completing the full wing transition of its Cavorite X7 eVTOL aircraft, marking it as the first aircraft in the world to do so using a novel fan-in-wing design [1][2]. Company Overview - Horizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company focused on developing one of the world's first hybrid eVTOL aircraft, which aims to operate like a conventional aircraft while providing superior speed, range, and operational utility [4]. - The company intends to complete testing and certification of the Cavorite X7 eVTOL and scale production to meet anticipated demand from regional operators, emergency service providers, and military customers [4]. Technical Achievements - The Cavorite X7 utilizes patented fan-in-wing technology, which simplifies the transition phase of flight, enhancing safety and stability compared to competitors that face challenges in this area [2]. - The aircraft is projected to achieve enroute speeds of up to 250 mph and operational ranges exceeding 500 miles with fuel reserves, positioning it as a potential disruptor in the Regional Air Mobility (RAM) market [2]. Future Plans - Horizon Aircraft is currently constructing a full-scale, piloted technical demonstrator to further validate its innovative approach and technology [2].
Is Surf Air Mobility Flying Under The Investor Radar? Analyst Weighs In
Benzinga· 2025-03-07 17:08
Core Viewpoint - Surf Air Mobility Inc. is positioned for a significant turnaround due to a revamped management team and transformation of its regional air business, with a Buy rating and a price forecast of $12 from H.C. Wainwright analyst Amit Dayal [1][2]. Company Overview - The company has a unique approach to electric aviation, differentiating itself from eVTOLs, and is strategically focused on consolidating technology and services in the regional air travel industry [2]. - Surf Air Mobility is expected to become a leading player in the U.S. regional air mobility (RAM) market, with improving financials that position its aviation segment for profitability by 2025 [2]. Financial Projections - Revenue projections for Surf Air Mobility include $99.7 million in 2025 and $112 million in 2026 [3]. - The company is expected to announce its fourth-quarter results on March 18, 2025 [4]. Strategic Partnerships - A strategic partnership with Palantir Technologies Inc., which holds a 19.9% stake, is anticipated to help bridge the technology gap in the industry [3]. Market Positioning - The company is leading in electrifying conventional take-off and landing aircraft, positioning itself to sustainably meet the growing demand in the RAM market [3].