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…
