Vertical Aerospace Appoints Aviation Industry Veteran, Dómhnal Slattery, as Chairman
Vertical Aerospace [NYSE: EVTL] has appointed aviation industry veteran Dómhnal Slattery as Chairman of its Board of Directors, effective immediately. Slattery, who previously served as Chairman from January 2022 to August 2023, brings over three decades of aviation expertise, including founding Avolon and SMBC Aviation, now ranked as the second and third largest aircraft leasing companies globally.
The appointment follows significant company progress, including a recent $180 million balance sheet strengthening with $50 million in new committed funding. Vertical has also achieved piloted thrustborne flight with a full-scale vectored thrust eVTOL aircraft, becoming the second company worldwide to reach this milestone. Stephen Welch, the outgoing Chairman, will remain on the Board as a non-executive director.
Vertical Aerospace [NYSE: EVTL] ha nominato il veterano dell'industria aeronautica Dómhnal Slattery Presidente del suo Consiglio di Amministrazione, con effetto immediato. Slattery, che ha precedentemente ricoperto il ruolo di Presidente da gennaio 2022 ad agosto 2023, porta con sé oltre tre decenni di esperienza nel settore aeronautico, tra cui la fondazione di Avolon e SMBC Aviation, ora classificate come la seconda e la terza maggiore compagnia di leasing aereo a livello globale.
La nomina arriva dopo significativi progressi aziendali, tra cui un recente rafforzamento del bilancio di 180 milioni di dollari con 50 milioni di dollari di nuovi fondi impegnati. Vertical ha anche raggiunto il volo con pilota di un aereo eVTOL a spinta vettoriale a grandezza naturale, diventando la seconda azienda al mondo a raggiungere questo traguardo. Stephen Welch, il Presidente uscente, rimarrà nel Consiglio come direttore non esecutivo.
Vertical Aerospace [NYSE: EVTL] ha nombrado al veterano de la industria de la aviación Dómhnal Slattery como Presidente de su Junta Directiva, con efecto inmediato. Slattery, quien previamente ocupó el cargo de Presidente desde enero de 2022 hasta agosto de 2023, aporta más de tres décadas de experiencia en aviación, incluyendo la fundación de Avolon y SMBC Aviation, que ahora están clasificadas como la segunda y tercera compañía de arrendamiento de aviones más grandes del mundo.
La designación sigue a un progreso significativo de la empresa, que incluye un reciente fortalecimiento del balance de 180 millones de dólares con 50 millones de dólares en nueva financiación comprometida. Vertical también ha logrado el vuelo pilotado de un avión eVTOL de empuje vectorial a gran escala, convirtiéndose en la segunda empresa en el mundo en alcanzar este hito. Stephen Welch, el Presidente saliente, permanecerá en la Junta como director no ejecutivo.
버티컬 항공 [NYSE: EVTL]이 항공 산업의 베테랑 Dómhnal Slattery를 이사회의 의장으로 즉시 임명했습니다. Slattery는 2022년 1월부터 2023년 8월까지 의장을 역임했으며, 항공 산업에서 삼십 년 이상의 경험을 가지고 있으며, Avolon과 SMBC 항공사를 설립한 경력이 있습니다. 현재 이들 회사는 전 세계에서 두 번째 및 세 번째로 큰 항공기 임대 회사로 평가받고 있습니다.
이번 임명은 최근 1억8000만 달러 규모의 재무 강화, 5000만 달러의 신규 약정 자금을 포함한 회사의 비약적인 발전에 따른 것입니다. Vertical은 규모가 큰 벡터 추력 eVTOL 비행기의 조종사 비행을 성공적으로 수행했으며, 이로써 세계에서 두 번째로 이 이정표를 달성한 회사가 되었습니다. 퇴임하는 의장 Stephen Welch는 비상임 이사로 이사회에 남을 것입니다.
Vertical Aerospace [NYSE: EVTL] a nommé le vétéran de l'industrie aéronautique Dómhnal Slattery Président de son Conseil d'Administration, avec effet immédiat. Slattery, qui a précédemment occupé le poste de Président de janvier 2022 à août 2023, apporte plus de trois décennies d'expertise aéronautique, notamment en fondant Avolon et SMBC Aviation, désormais classées comme les deuxième et troisième plus grandes sociétés de location d'avions au monde.
Cette nomination fait suite à des progrès significatifs de l'entreprise, y compris un récent renforcement du bilan de 180 millions de dollars avec 50 millions de dollars de nouveaux financements engagés. Vertical a également réalisé un vol piloté avec un aéronef eVTOL à poussée vectorielle de pleine taille, devenant ainsi la deuxième entreprise au monde à atteindre ce jalon. Stephen Welch, le Président sortant, restera au Conseil en tant que directeur non-exécutif.
Vertical Aerospace [NYSE: EVTL] hat den Veteranen der Luftfahrtindustrie Dómhnal Slattery mit sofortiger Wirkung zum Vorsitzenden seines Aufsichtsrats ernannt. Slattery, der von Januar 2022 bis August 2023 bereits Vorsitzender war, bringt über drei Jahrzehnte Expertise in der Luftfahrt mit, einschließlich der Gründung von Avolon und SMBC Aviation, die nun als die zweit- und drittgrößten Flugzeugleasingunternehmen weltweit gelten.
Die Ernennung folgt einem beträchtlichen Fortschritt des Unternehmens, einschließlich einer kürzlichen Verstärkung der Bilanz um 180 Millionen Dollar mit 50 Millionen Dollar an neuem zugesagtem Kapital. Vertical hat zudem den bemannten Schubflug mit einem vollmaßstäblichen, vektorsteuerbaren eVTOL-Flugzeug erreicht und ist damit das zweite Unternehmen weltweit, das diesen Meilenstein erreicht hat. Stephen Welch, der scheidende Vorsitzende, bleibt als nicht geschäftsführendes Mitglied im Aufsichtsrat.
- Secured $180 million balance sheet strengthening, including $50 million new committed funding
- Achieved significant technical milestone as second company worldwide with piloted thrustborne flight
- Appointment of chairman with proven track record in raising/deploying over $75 billion in capital
- None.
- Mr. Slattery brings over three decades of aviation expertise including founding and scaling two of the leading global aviation finance firms: Avolon and SMBC Aviation
- Dómhnal rejoins Vertical’s Board having previously led the business in building its industry leading order book and listing on the New York Stock Exchange
- Vertical announces Chair appointment as it continues to deliver against its Flightpath 2030 strategy to lead the eVTOL sector by the end of the decade
Vertical Aerospace announces the appointment of Dómhnal Slattery as Chairman of its Board of Directors (Photo: Business Wire)
Mr. Slattery is one the world’s leading aircraft leasing and finance pioneers having founded and built Avolon and SMBC Aviation into leading industry players. Today, they are respectively ranked as the number two and three aircraft leasing companies in the world. He is also CEO and Chairman of Clahane Capital.
Vertical will benefit from Mr. Slattery’s extensive leadership and capital markets expertise and, in particular, his understanding of and track record in the global aviation sector. The businesses he has founded and built have collectively raised and deployed over
Mr. Slattery has been widely recognised for his exceptional contributions to the aviation industry. He was the 2023 recipient of the International Society of Transport Aircraft Trading (ISTAT) Award and the "Outstanding Contribution to the Aviation Industry" award at the Aviation Industry Awards in 2016. He was also awarded an honorary doctorate from
The appointment of Mr. Slattery as Chair follows significant progress for the business on its path to commercialise zero emissions air travel. Vertical recently strengthened its balance sheet by
Stephen Welch, the outgoing Chairman, will continue to serve on the Vertical Board as a non-executive director.
Dómhnal Slattery, Vertical Chairman, said: "Vertical is leading one of the most transformative shifts in aviation history, driving the transition to zero-emissions flight. I am excited to re-join the business at such a pivotal time. We have the team, technology and vision to pioneer electric aviation and deliver on our ambition to be the world’s leading eVTOL company by the end of the decade."
Stuart Simpson, CEO at Vertical Aerospace, said: "Dómhnal’s remarkable track record of founding and scaling world-class businesses positions him perfectly to guide Vertical’s journey. His leadership, understanding of capital markets and deep industry expertise will be invaluable as we accelerate towards achieving our Flightpath 2030 goal of becoming the global leader in the eVTOL sector."
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner and quieter way to travel. Vertical’s VX4 is a piloted, four passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical combines partnering with leading aerospace companies, including GKN, Honeywell and Leonardo, with developing its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of the VX4, with customers across four continents, including American Airlines, Japan Airlines, GOL and Bristow. Headquartered in
Forward-Looking Statements
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this Form 6-K that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding anticipated Board changes, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “is/are likely to” and similar statements of a future or forward-looking nature. These forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the important factors discussed under the caption “Risk Factors” in the Company's Annual Report on Form 20-F filed with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20250115836542/en/
Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357 463
Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +447816 459 904
Source: Vertical Aerospace
FAQ
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