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.
Surf Air Mobility, a U.S.-based regional air mobility company, has entered into definitive agreements for the purchase and sale of 10.8 million shares of its common stock, valued at approximately $27 million, through a registered direct offering. This fundraising strategy provides immediate capital infusion and reflects the company’s ongoing expansion and capital market engagement plans.
Surf Air Mobility, a U.S.-based regional air travel and electric aviation company, has announced that Sudhin Shahani, its Co-Founder and Board Member, has made a significant equity purchase directly from the company. The transaction, valued at approximately $1 million, involved the acquisition of 408,163 shares of common stock at market price.
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.
Eviation (US), the developer of the all-electric Alice aircraft, has reportedly laid off most of its workforce as it seeks new funding sources to continue operations. The move highlights ongoing financial difficulties for the company as it attempts to navigate challenges in the electric aviation sector.
