Ethiopian Airlines has confirmed it will receive two electric vertical takeoff and landing (eVTOL) aircraft in 2026, as part of a strategic partnership established with Archer Aviation in March 2025. The deal marks a significant step forward in the airline’s commitment to embracing cutting-edge aviation technologies and exploring sustainable transportation options.
Vertical Aerospace, the UK-based advanced air mobility company, has announced the successful closing of its previously disclosed underwritten public offering, generating US$60 million in gross proceeds. The capital raise is intended to advance the development of its electric vertical takeoff and landing (eVTOL) aircraft program and support the company’s general corporate needs.
Joby Aviation, the California-based developer of electric vertical takeoff and landing (eVTOL) aircraft, has announced the successful closing of the first $250 million tranche of a previously disclosed strategic investment from Toyota Motor Corporation. The funding reinforces Toyota’s commitment to supporting Joby’s efforts in bringing electric air mobility to market.
Joby Aviation (US) has announced a strategic partnership with Virgin Atlantic (UK) to introduce an air taxi service in the UK, marking a significant milestone in urban air mobility. This collaboration aims to redefine regional and city-based transportation with electric vertical takeoff and landing (eVTOL) aircraft.
Airbus has announced a pause in the development of its CityAirbus NextGen electric vertical takeoff and landing (eVTOL) aircraft, citing a reassessment of the business case and technological requirements. The decision marks a strategic shift as the company evaluates the evolving urban air mobility (UAM) market before proceeding with further investments.
Surf Air Mobility, a leading US-based regional air mobility company, has announced the successful closing and fundingof a new Senior Secured Term Loan provided by Comvest Partners. The facility includes a fully funded $44.5 million term loan, along with a $5.5 million delayed draw term loan earmarked for interest payments during the first 18 months. This financing is expected to bolster Surf…
