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Vertical Aerospace Strengthens Leadership Team with Powertrain, Data and People Appointments
Businesswire· 2026-01-08 11:00
Core Insights - Vertical Aerospace has announced key leadership appointments to strengthen its team as it progresses towards growth, certification, and commercial readiness [1][2] Leadership Appointments - Ollie Roberts has been appointed as Chief People Officer (CPO), responsible for talent attraction, culture development, and organizational design to build a high-performing organization [7][8] - Juan Carlos Sacristan has been appointed as Chief Data & Information Officer (CDIO), tasked with leading the company's data, digital, and AI strategy to enhance operational efficiency [3][4] - Richard Moore has been appointed as Vice President of Powertrain, overseeing the engineering of energy storage, battery management systems, and electric propulsion units [5][6] Company Overview - Vertical Aerospace is focused on pioneering electric aviation, developing the Valo eVTOL aircraft, which aims for zero operating emissions [10][12] - The company has approximately 1,500 pre-orders for the Valo aircraft from customers across four continents, including major airlines [12]
Flying Cars and Rising Bars: The 2026 eVTOL Breakout Begins
Yahoo Finance· 2026-01-06 23:32
Electric air taxis and drones operate at a modern vertiport, highlighting urban air mobility growth. Key Points Vertical Aerospace is preparing to showcase its flagship aircraft to institutional investors in New York City later this month. Industry leaders Joby Aviation and Archer Aviation are advancing rapidly toward commercial launch with new flight simulators and manufacturing progress. The transition from research and development to full-scale commercial operations is driving renewed investor confi ...
Vertical Aerospace Doubles Flight Test Capacity With Final Prototype
Businesswire· 2025-12-22 12:00
[NYSE:EVTL], a global aerospace and technology company that is pioneering electric aviation, today announced that its third and final full-scale prototype aircraft has been completed and will begin piloted flight testing following commissioning in January 2026. The aircraft is an exact replica of Vertical's current full-scale prototype, which is completing transition flight testing at its UK Flight Test Centre, wit. LONDON & NEW YORK--(BUSINESS WIRE)--Vertical Aerospace ("Vertical†or "Company†) ...
Vertical Aerospace Progresses Towards Full Piloted Transition Flight
Businesswire· 2025-12-19 14:49
Recent flights are delivering valuable data as the team expands the flight envelope and refines the flight-control and EPU software. Several first-time achievements have been completed, including in-flight deployment and stow of the rear propellers, spin-up during wingborne flight, and prop-hold functionality, marking meaningful steps forward in validating the aircraft's behaviour through the transition regime. Vertical is conducting piloted transition testing under full CAA oversight and has recently been ...
Vertical Aerospace Signs New Customer Héli Air Monaco to Open up French Riviera Routes
Businesswire· 2025-12-10 00:07
MONACO, NICE, France & LONDON--(BUSINESS WIRE)--Vertical Aerospace ("Vertical†or "Company†) [NYSE: EVTL], a global aerospace and technology company that is pioneering electric aviation, and Héli Air Monaco, the founding helicopter operator in the French Riviera, today announced a Memorandum of Understanding (MoU) for the pre-order of Vertical's Valo aircraft, opening a new chapter for sustainable air mobility along the Côte d'Azur. Valo - unveiled today in London and offering a premium cabin e. ...
Frontier Economics Report Finds Vertical Aerospace Set to Drive £3bn a Year in UK Economic Value by 2035
Businesswire· 2025-12-04 11:00
Core Viewpoint - Vertical Aerospace is positioned to lead a significant new industrial opportunity in the UK, as highlighted by an independent economic impact report from Frontier Economics [1]. Company Summary - Vertical Aerospace is recognized as a pioneering company in electric aviation, with the potential to become one of the UK's most significant advanced manufacturing businesses by 2030 [1].
Vertical Aerospace Receives Permit to Fly Approval Allowing Piloted Transition Testing to Proceed
Businesswire· 2025-11-13 12:07
Core Insights - Vertical Aerospace has received its Permit to Fly from the UK Civil Aviation Authority (CAA), allowing the company to commence 'Phase 4 – Transition' flight testing of its VX4 prototype, marking a significant milestone in its flight-test program [2][3][6] Flight Testing Phases - 'Phase 4 – Transition' is the final stage of the VX4 prototype flight test program, following the successful completion of Phases 1-3, which confirmed the aircraft's flying qualities [4][6] - Phase 1 involved tethered hover testing, completed on September 12, 2024, while Phase 2 focused on thrustborne take-off and landing, completed on February 4, 2025, and Phase 3 involved wingborne flight, completed on September 5, 2025 [8][13] Technical and Safety Aspects - The transition testing will demonstrate the VX4's ability to shift between hover (helicopter mode) and wingborne flight (airplane mode), a key feature of its tiltrotor capability [3][6] - Over 20,000 pages of safety and technical documentation were submitted to the CAA to support the Permit to Fly, ensuring compliance with the 200 Minimum Safe Aircraft requirements [5][6] Market Position and Future Plans - Vertical Aerospace is positioned as a leader in electric aviation, with a focus on creating a safer, cleaner, and quieter travel option through its VX4 eVTOL aircraft, which has zero operating emissions [9][11] - The company has approximately 1,500 pre-orders for the VX4 from customers across four continents, including major airlines such as American Airlines and Japan Airlines [11]
This week in business: from AI turbulence to airline refunds
Fastcompany· 2025-11-08 13:00
Economic Overview - The current economic landscape shows signs of a quiet renegotiation rather than a crash, with companies adapting to changing consumer behaviors and economic pressures [3] Housing Market - D.R. Horton is utilizing mortgage rate buydowns to maintain sales in a challenging housing market, with nearly 75% of buyers opting for discounted rates around 3.99%, leading to a gross margin drop to 20% [4] Banking Sector - TD Bank is closing 51 branches as part of a strategy to reduce its physical footprint by about 10%, focusing on digital services while maintaining over 1,000 branches [6] Restaurant Industry - Bloomin' Brands has closed 10 Outback Steakhouse locations across eight states due to rising costs and cautious consumer spending, with the company attempting to relocate affected workers [7] Technology and AI - Investor Michael Burry is shorting shares of Nvidia and Palantir, raising concerns about a potential bubble in AI stocks, despite significant gains of over 50% for Nvidia and over 100% for Palantir this year [8] Fast Food Sector - McDonald's reported a nearly double-digit decline in traffic from lower-income customers, prompting the company to introduce value deals to attract this demographic [9] Streaming Services - YouTube TV is offering a $10 monthly credit for six months to select users after dropping Disney channels, but the credit is not automatically applied, leading to customer frustration [10] Aviation Industry - Beta Technologies, an electric aircraft manufacturer, went public with an IPO priced at $34 per share, raising over $1 billion and achieving a valuation of approximately $7.4 billion [11][12] Education Technology - Duolingo's third-quarter results showed a 36% increase in daily active users and a 41% rise in revenue, yet the stock fell 25% due to expectations of slower growth in future bookings [13] Airline Industry - Major airlines, including United, American, and Delta, are offering refunds during the government shutdown, which has led to a 10% reduction in flights at major airports [14]
Beta Technologies ends first day on NYSE in the green and $1B raised
TechCrunch· 2025-11-04 22:22
Core Insights - Beta Technologies successfully debuted on the New York Stock Exchange, raising $1 billion with an initial share price of $34, which closed at $36, reflecting strong investor interest [1] - The company has raised a total of $1.15 billion from institutional investors, including Fidelity and Qatar Investment Authority, and notable investors like Amazon and General Electric [2] - Beta Technologies filed for its IPO during a government shutdown, utilizing new SEC guidance that allows companies to proceed without staff review, a move that has been adopted by other firms as well [3][4] Company Overview - Founded in 2017 by Kyle Clark, Beta Technologies is focused on developing electric aviation solutions, taking a non-traditional route by avoiding Silicon Valley and venture capital [2] - The company has designed two electric aircraft: the Alia CX300 eCTOL for regional flights and the Alia A250 eVTOL for urban environments, and has also established an EV aircraft charging business [8] Financial Performance - Beta Technologies reported revenue of $15.6 million in the first half of 2025, which is double the revenue from the same period in 2024, although it is still not profitable with net losses increasing to $183 million [9]
ADDING MULTIMEDIA Vertical Aerospace Provides Third Quarter Update, Demonstrating Momentum on Transition Flight Testing, Business Plan Updates and Best-in-Class Aircraft
Businesswire· 2025-11-04 14:35
Core Insights - Vertical Aerospace is a global aerospace and technology company focused on pioneering electric aviation [1] - The company will provide its Business & Strategy Update for the third quarter of 2025 [1] - The Q3 2025 financial results will be accessible on the company's investor relations website [1] - The VX4 Vertical aircraft will begin its transition flight testing phase soon [1]