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.
Eve Air Mobility, a pioneering company in the advanced air mobility sector, has been selected by FINEP (Brazilian Funding Authority for Studies and Projects) to receive a grant of up to $15.8 million. This substantial support will back the company’s ongoing development initiatives, with the total project investment estimated at $33.8 million.
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.
Vertical Aerospace, the UK-based leader in electric vertical take-off and landing (eVTOL) aircraft, has announced the successful closing of its underwritten public offering, generating gross proceeds of $90 million. The funds were raised before deducting underwriting discounts, commissions, and other associated expenses.
Lilium, the German-based developer of electric vertical take-off and landing (eVTOL) aircraft, has officially rebranded as Lilium Aerospace. This transformation follows a financial rescue by the Mobile Uplift Corporation, a German investment consortium committed to revitalizing the company’s future.
Eve Air Mobility, a U.S.-based electric vertical take-off and landing (eVTOL) aircraft developer, has signed a Letter of Intent (LOI) with Helicopters, Inc., a prominent provider of news-gathering and aerial services in the United States. The agreement covers the potential purchase of up to 50 eVTOL aircraft, signaling a significant step toward enhancing urban air mobility solutions.
Eve Air Mobility (US) has announced the receipt of a $35 million fund from BNDES (Brazil), a significant boost to its financial resources for advancing the development of eVTOL (electric Vertical Take-Off and Landing) aircraft. This funding underlines Eve’s commitment to innovation in the urban air mobility sector.
Lilium, a German aviation company specializing in all-electric vertical takeoff and landing (eVTOL) aircraft, has appointed KPMG in the Netherlands to oversee a transparent and structured mergers and acquisitions (M&A) process. This initiative is part of Lilium’s strategic focus on securing new investment following a recent restructuring, as the company aims to advance the development…
