Welcome to our dedicated page for Vertical Aerospace Ltd. news (Ticker: EVTL), a resource for investors and traders seeking the latest updates and insights on Vertical Aerospace Ltd. stock.
Vertical Aerospace Ltd. (EVTL) is at the forefront of a revolution in air travel. The company is committed to making air travel personal, on-demand, and carbon-free. As a global aerospace and technology firm, Vertical Aerospace is pioneering electric aviation with a focus on designing, manufacturing, and selling zero operating emission eVTOL aircraft for the Advanced Air Mobility (AAM) market. Utilizing cutting-edge technology from the aerospace, automotive, and energy industries, Vertical Aerospace aims to deliver the future of air travel faster and more efficiently than its competitors.
At the heart of Vertical Aerospace's innovation is the VX4, a piloted electric vertical take-off and landing (eVTOL) vehicle that can carry four passengers. The VX4 is designed to provide a sustainable and efficient alternative to traditional air travel, with zero operating emissions, enhancing the potential for urban and regional air mobility.
The company operates as a single segment focused on the development and commercialization of eVTOL technology. Vertical Aerospace's dynamic and accomplished team is dedicated to advancing the frontiers of electric aviation, leveraging their expertise to create elegant and efficient engineering solutions.
Recent achievements for Vertical Aerospace include significant progress in the development and testing phases of the VX4, strategic partnerships with key players in the aerospace and automotive industries, and securing necessary certifications and approvals from aviation authorities. These milestones underscore Vertical Aerospace's commitment to delivering a new era of air travel that is both accessible and environmentally friendly.
Latest News: Stay updated with the most recent developments at Vertical Aerospace Ltd., including milestones in the VX4 project, new collaborations, financial performance updates, and other significant announcements. For more detailed and current information, please refer to the latest news sections provided by Vertical Aerospace Ltd.
Vertical Aerospace (NYSE: EVTL) has partnered with Babcock International to explore new applications for its VX4 eVTOL aircraft in aerial emergency medical services (EMS) and cargo transportation. This collaboration aims to leverage Babcock's extensive EMS experience to enhance the operational capabilities of the VX4, which can travel over 100 miles at speeds exceeding 200 mph with zero emissions. The companies will also develop modular maintenance, repair, and overhaul (MRO) capabilities for the VX4, promoting cost-effective maintenance in challenging environments.
Vertical Aerospace (NYSE: EVTL) announced a conditional pre-order of up to 50 VX4 aircraft by FLYINGGROUP, boosting its total pre-order book to 1,400 aircraft valued at $5.6 billion. This agreement marks Vertical's entry into the business aviation sector, catering to a growing demand for sustainable air travel. The VX4, designed for zero emissions and efficient regional mobility, aligns with FLYINGGROUP's sustainability strategy. A Joint Working Group will explore application strategies and potential MRO services for the VX4.
Vertical Aerospace (NYSE: EVTL) announces a significant milestone with American Airlines (NASDAQ: AAL), confirming delivery slots and pre-delivery payment commitment for 50 VX4 eVTOL aircraft. This follows a conditional pre-order of up to 250 aircraft made by American in June 2021. The partnership aims to explore advanced air mobility in the U.S. The VX4 can transport four passengers, achieving over 100 miles with zero emissions and minimal noise.
Vertical Aerospace (NYSE: EVTL) has partnered with Molicel to supply high-performance battery cells for its VX4 eVTOL aircraft. This collaboration aims to enhance safety, performance, and economic viability of the VX4, targeting entry into service by 2025. Molicel, recognized for its cutting-edge lithium-ion technology and notable clients like NASA, will provide cylindrical cells crucial for the aircraft’s functionality. The partnership focuses on optimizing battery life cycles and ensuring compliance with certification standards while Molicel expands its production capacity in Taiwan.
Vertical Aerospace Ltd. (NYSE: EVTL; EVTLW) has released its first shareholder letter and filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2021. The letter includes operating results and management commentary. CEO Stephen Fitzpatrick highlighted significant milestones, such as the company's NYSE listing and hiring key talent. Vertical has received conditional pre-orders for up to 1,350 eVTOL aircraft from major partners, aiming to revolutionize air travel with zero emissions. Shareholders can request a hard copy of the Annual Report.
Vertical Aerospace (NYSE: EVTL) announces significant advancements in its certification process for the VX4 electric VTOL aircraft. The company has appointed former EASA Certification Director Trevor Woods as Director of Regulatory Affairs and received concurrent validation from both EASA and the UK CAA. Vertical anticipates receiving Design Organisation Approval (DOA) later this year, aiming for the widest scope ever granted to an eVTOL manufacturer. With plans for entry into service in 2025, Vertical expresses optimism about swift validation efforts across international regulatory bodies.
Vertical Aerospace (NYSE: EVTL) has announced that Avolon has successfully pre-ordered 500 VX4 electric aircraft within nine months, demonstrating substantial market demand for its technology. The VX4 will serve globally with pre-orders extending to regions including Turkey, UK, Japan, Brazil, and Southeast Asia, totaling a significant $5.4 billion in value. Avolon's collaboration with major airlines reflects confidence in Vertical's aircraft, which is on track for a mid-decade launch. The VX4 is designed for zero-emission travel, promising to revolutionize short-haul air travel.
Avolon has partnered with Gözen Holding to commercialize zero-emissions eVTOL travel in Turkey. This agreement includes a commitment to purchase or lease up to 50 VX4 eVTOL aircraft, with an option for 50 more. Avolon has fully placed its order for 500 VX4s, oversubscribed by 50 options. The partnership aims to develop an urban air mobility platform leveraging both companies' expertise. CEO Dómhnal Slattery highlighted the potential of VX4 to reshape short-haul travel, while Gözen Holding's CEO Mekin Gözen emphasized the sustainability aspect in Istanbul's congested environment.