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The Air Dispatch

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The Air Dispatch

Category Archives: Aircraft

Turkish Airlines finalizes order for up to 150 Boeing jets

23 Wednesday Sep 2026

Posted by Abdul Latheef in Airlines, Aircraft, Boeing, Türkiye, Transport, Travel, Turkish Airlines

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Aviation, Boeing, Business, News, Türkiye, Travel, Turkish Airlines

It’s the airline’s largest order for Boeing single-aisle aircraft. Photo: Boeing.

NEW YORK – Turkish Airlines has finalized an order for up to 150 Boeing 737 MAX jets, comprising 100 firm orders and options for 50 more, Boeing said Wednesday.

No financial details were disclosed.

The order is Turkish Airlines’ largest purchase of Boeing single-aisle aircraft, the U.S. manufacturer said. The agreement also includes substitution rights for the 737-10, the largest variant of the 737 MAX family.

The order concludes discussions that began last year and supports the airline’s plans to expand its fleet and network.

“This agreement marks another significant step in the continued expansion of our fleet. The new Boeing 737 MAX aircraft will bring greater efficiency and flexibility to our operations, supporting the extensive network we serve from our hub in Istanbul,” said Murat Şeker, Turkish Airlines chairman.

The airline operates more than 200 Boeing airplanes, including 737 MAX, 787 Dreamliner, 737 Next-Generation and 777 Freighter aircraft, Boeing said.

The agreement was signed in New York in the presence of President Recep Tayyip Erdoğan of Türkiye. Photo: Boeing.

The new 737-8 jets will be used on both domestic and international routes.

Boeing said the aircraft’s range, payload flexibility and fuel efficiency will support Turkish Airlines’ operations on routes with high demand.

The order follows the airline’s 2025 purchase of up to 75 787 Dreamliners.

Turkish Airlines, a Star Alliance member, was established in 1933 with a fleet of five aircraft.

It now operates 567 passenger and cargo aircraft serving 358 destinations in 133 countries, making it the airline that flies to the most countries in the world.

Piaggio keeps P.180’s iconic design as aircraft turns 40

23 Wednesday Sep 2026

Posted by Abdul Latheef in Bizjets, Aircraft, Aviation, Italy, Piaggio Aerospace, Transport, Travel

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Aviation, Business, Italy, News, Piaggio Aerospace, Türkiye, Transport, Travel

The P.180 Avanti over the Italian Riviera. Photo: Piaggio Aerospace.

VILLANOVA D’ALBENGA, Italy – Piaggio Aerospace is marking 40 years of its P.180 Avanti business aircraft by retaining the distinctive design that defined the original turboprop while continuing to introduce new technologies and capabilities.

The P.180 first flew in 1986 and has evolved through several generations while retaining its three-lifting-surface configuration and rear-mounted engines.

The Italian manufacturer has added new systems and technologies over the years without fundamentally changing the aircraft’s original design.

The anniversary coincides with another milestone for Piaggio – more than 40 Avanti EVOs, the latest version of the aircraft, have been sold since the first customer delivery in 2015, the company said this week.

More than 270 P.180 aircraft of all variants have been sold since the program began, it said.

Photo: Piaggio Aerospace.

Piaggio is now looking toward the next stage of the aircraft’s development with the Avanti NX. The new version is planned to feature an updated flight deck, a new interior and enhanced connectivity as the company seeks to bring newer technologies to the established design.

Piaggio Aerospace has been owned by Turkish aerospace company Baykar since June 2025, when Baykar completed its acquisition of the company following its sale by the Italian government.

Baykar has since approved a new industrial plan and is supporting the development of the company’s aircraft programs.

Piaggio also is expanding support for operators of the Avanti I, Avanti II and Avanti EVO, covering aircraft throughout their service lives, the company said.

Textron Aviation rolls out 500th Cessna Citation Latitude

22 Tuesday Sep 2026

Posted by Abdul Latheef in Bizjets, Aircraft, Aviation, Transport, Travel

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Aviation, Bizjets, Business, Cessna Citation Latitude, News, Textron, Transport

The Cessna Citation Latitude is among the Top 10 business jets in North America. Photo: Textron Aviation.

WICHITA, Kan. – Textron Aviation has rolled out the 500th Cessna Citation Latitude business jet from its Wichita manufacturing facility, marking a production milestone for the midsize aircraft.

“The rollout of the 500th Citation Latitude is a testament to the employees who build this aircraft with dedication and pride every day,” Eric Cardinali, senior vice president of manufacturing, said in a statement Tuesday. “This milestone is only possible because of the skill of our workforce and the trust customers continue to place in our products.”

The Citation Latitude is among the 10 most-active business-jet models in North America.

It ranked third by flight volume in July, with 13,255 flights, according to aviation data provider AVI-GO. Textron Aviation describes it as the world’s best-selling midsize business jet.

The Citation Latitude can carry up to nine passengers and has a maximum cruise speed of 446 knots, according to the company. Its full-fuel payload is 1,000 pounds.

The aircraft has a range of 2,700 nautical miles with four passengers at high-speed cruise. Its cabin features a stand-up, flat-floor configuration.

Textron Aviation, a Textron Inc. company, manufactures a range of Cessna and Beechcraft aircraft for the business, general aviation and special-mission markets.

Joby showcases autonomous technology with cross-country flight

18 Friday Sep 2026

Posted by Abdul Latheef in Aviation, Aircraft, eVTOLs, Joby Aviation, Transport, Travel

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Aviation, Business, Cessna Caravan, eVTOLs, Joby Aviation, News, Transport

The Cessna Caravan flew from California to North Carolina. Photo: Joby Aviation.

SANTA CRUZ, Calif. – Joby Aviation said Friday it completed a 3,199-mile autonomous flight across the United States using a modified Cessna Caravan, demonstrating autonomous technology the company is developing alongside its electric vertical takeoff and landing aircraft program.

The aircraft flew from California to North Carolina with no control inputs from its onboard safety pilot, including during taxiing, takeoff, cruise and landing, Joby said.

The flight was remotely supervised from California and Shaw Air Force Base in South Carolina, at distances of up to 2,323 miles.

The eastbound journey included stops in Arizona, Texas and South Carolina. The aircraft also flew over Kitty Hawk, North Carolina, near the site of the Wright brothers’ first powered flight in 1903.

Joby said the autonomous technology demonstrated in the Cessna could support applications including commercial freight, medical transport, disaster response and defense logistics.

Japanese, Korean companies eye commercial eVTOL flights by 2028

17 Thursday Sep 2026

Posted by Abdul Latheef in Aviation, Aircraft, eVTOLs, Japan, South Korea

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Aviation, Business, eVTOLs, Japan, News, South Korea, Transport, Travel

Conceptual rendering of the SD-05 flying over Jeju Island. Photo: SkyDrive.

TOYOTA, Japan – Japanese compact aircraft developer SkyDrive and South Korean air mobility company Verty are studying the introduction of electric vertical takeoff and landing aircraft in South Korea, with commercial operations targeted for 2028, SkyDrive said Wednesday.

The companies will assess flight safety, infrastructure requirements and potential routes, including sightseeing flights and inter-city transportation, SkyDrive said.

Initial routes under consideration include tourist destinations such as Jeju Island and connections between urban centers in the Seoul metropolitan area, including Goyang City.

The partnership will focus on the three-seat SD-05 aircraft, known as SKYDRIVE, and explore business models for commercial services.

EVTOLs can support short-distance transportation, airport transfers and sightseeing services. Guangzhou, China-based EHang is currently the only company operating commercial eVTOL passenger services.

Others including Eve Air Mobility, Joby Aviation, Archer Aviation and Vertical Aerospace are developing eVTOLs and pursuing certification and plans for commercial operations.

Verty is developing an integrated operating system covering flight operations, air traffic management and vertiport infrastructure. It aims to become South Korea’s first eVTOL operator to obtain a certificate, according to the release.

SkyDrive is working with aviation authorities in Japan and the United States to certify its aircraft, with a goal of entering service in 2028.

The agreement follows SkyDrive’s efforts to expand into international markets, including the United States, the United Arab Emirates, India, Thailand, Indonesia, Vietnam, Australia and Taiwan.

Mokulele Airlines wins four-year DOT contract for flights to Lanaʻi

14 Monday Sep 2026

Posted by Abdul Latheef in Aviation, Aircraft, Airlines, Hawaii, U.S. Department of Transportation

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Aviation, Business, Hawaii, Mokulele Airlines, News, Surf Air Mobility, Tourism, Transport, Travel

A Mokulele Airlines Cessna Grand Caravan. Photo: Surf Air Mobility.

LOS ANGELES – Mokulele Airlines has won a four-year, $19.4 million U.S. Department of Transportation contract to continue providing scheduled air service to Lana’i, Hawaii, from Honolulu and Kahului, its parent company, Surf Air Mobility, said Monday.

At 140.5 square miles, Lanaʻi is Hawaii’s smallest inhabited island and is 98% owned by Oracle founder and CEO Larry Ellison.

The Essential Air Service contract provides subsidized revenue through August 2030, excluding passenger fares. Mokulele was selected through a competitive process, Surf Air Mobility said.

Under the contract, Mokulele will operate 126 weekly flights, including 42 round trips to Honolulu and 21 to Kahului.

The Transportation Department cited Mokulele’s record of serving the Lanaʻi community, its established infrastructure in Hawaii and its interline connectivity in selecting the airline, Surf Air Mobility said.

Mokulele has interline agreements with Hawaiian Airlines, Alaska Airlines, American Airlines, United Airlines and Japan Airlines at Honolulu and Kahului, providing connections from Lanaʻi to other destinations in Hawaii, the continental United States and internationally, the company said.

Mokulele currently operates about 112 daily departures across five islands. Over the past year, it has added Cessna Caravan aircraft and upgraded ground and lounge facilities in Hawaii.

Alia’s demonstration flight. Photo: Surf Air Mobility.

Surf Air Mobility said the new contract supports the company’s broader strategy of developing its SurfOS air mobility platform and its goal of launching commercial passenger electric flights using BETA Technologies’ Alia aircraft once certified.

In June, Surf Air Mobility participated in a demonstration flight of BETA’s all-electric conventional takeoff and landing aircraft in Hawaii.

The company has since placed a firm order for 25 Alia aircraft, with an option for another 75.

Archer eVTOL completes 65-km piloted roundtrip between California airports

08 Tuesday Sep 2026

Posted by Abdul Latheef in Aviation, Aircraft, Archer Aviation, eVTOLs, Transport, Travel

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Archer Aviation, Aviation, Business, eVTOLs, News, Transport, Travel

The Midnight completed the piloted roundtrip Friday. Photo: Archer Aviation.

SALINAS, Calif. – Archer Aviation’s Midnight electric vertical takeoff and landing aircraft has completed a piloted roundtrip flight between Salinas and Hollister, Calif., covering more than 40 miles (65 km), the company said Tuesday.

The Midnight flew Friday between Salinas Municipal Airport and Hollister Municipal Airport in about 12 minutes each way, reaching a top speed of 125 mph and cruising at 3,550 feet, Archer said.

Photo: Archer Aviation.

The flight was the first stop on Archer’s “No Roads” tour, which is intended to demonstrate the aircraft’s ability to connect cities by air and showcase potential routes for electric air taxis.

Archer plans to continue the tour with flights to Monterey, San Martin, San Jose, Oakland and San Francisco before expanding to Los Angeles and other states.

The company is conducting the flights in coordination with the Federal Aviation Administration as it prepares for future operations under a federal eVTOL pilot program.

The Midnight is a four-passenger electric aircraft designed for short urban and regional trips with zero operating emissions.

The flight comes as electric aviation moves toward larger aircraft.

In August, Heart Aerospace completed the first flight of its X1 demonstrator, which it described as the largest battery-electric aircraft to fly. The aircraft flew for 27 minutes at an altitude of 1,100 feet, demonstrating an all-electric propulsion system that delivered more than 1 megawatt of power.

India’s FLY91 orders 40 ATR 72-600s

04 Friday Sep 2026

Posted by Abdul Latheef in Aviation, Aircraft, Airlines, ATR, FLY91

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ATR, Aviation, Business, FLY91, France, India, News, Regional Airlines, Transport, Travel

ATR said the FLY91 order for 40 aircraft is its largest in almost a decade. Photo: ATR.

NEW DELHI – Indian regional airline FLY91 is buying 40 ATR 72-600 turboprop aircraft in a deal valued at about $1 billion, as the country’s rapidly expanding aviation sector creates new opportunities for domestic connectivity, the Franco-Italian airplane manufacturer said Thursday.

FLY91 said in a separate release that the firm order is the largest for ATR aircraft globally by a regional airline, while ATR said it is its largest firm order in almost a decade. Deliveries are scheduled from 2027.

The agreement will support a major expansion by FLY91, which launched operations less than three years ago. The Goa-based airline plans to grow its fleet from six aircraft to 60 over the next five years as it expands its regional network across India.

FLY91 said the order will provide the scale to build a larger network connecting more unserved and underserved cities. The airline currently operates about 280 weekly flights to 12 cities, with a 13th destination scheduled to begin later this month.

India’s regional aviation expansion requires aircraft capable of operating short routes efficiently while keeping fares affordable, ATR said. The ATR 72-600 is suited to routes linking Tier 2 and Tier 3 cities, where demand for air travel is growing.

Deliveries of the new aircraft are expected to begin next year. Photo: ATR.

FLY91 Chairman Harsha Raghavan said the order reflects the airline’s confidence in India’s growth and the potential of regional aviation.

Founder and CEO Manoj Chacko said the ATR 72-600 offers the operating economics needed for FLY91’s network and that the order will serve as a catalyst for its next phase of expansion.

ATR CEO Nathalie Tarnaud Laude said FLY91’s commitment reflects the growing role of regional aviation in connecting India’s next generation of travelers.

ATR, based in Toulouse, France, is a joint venture between European aircraft maker Airbus and Italian aerospace company Leonardo.

The FLY91 agreement takes ATR’s 2026 order intake to 54 aircraft, already exceeding its total net orders for all of 2025.

Embraer E-Jet family enters the Top 3 club with 2,000th delivery

02 Wednesday Sep 2026

Posted by Abdul Latheef in Airlines, Aircraft, Aviation, Embraer

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Airlines, Aviation, Azul Linhas Aéreas, Brazil, Business, Embraer, News, Transport, Travel

The 2,000th Embraer E-Jet was delivered to Azul Linhas Aéreas. Photo: Embraer.

SÃO JOSÉ DOS CAMPOS, Brazil – Embraer’s E-Jet program has entered the ranks of the world’s three largest commercial jet families with the delivery of its 2,000th aircraft, the company said Wednesday.

The E-Jet family is behind only the Airbus A320 and Boeing 737 families in terms of aircraft delivered. The milestone aircraft, an E195-E2, was delivered to Azul Linhas Aéreas, Brazil’s largest airline by number of destinations served.

Photo: Embraer.

Since entering service in 2004, the E-Jets family has established a global presence, serving more than 90 airlines worldwide. The fleet has accumulated about 48 million flight hours and carried more than 2.85 billion passengers worldwide.

“The delivery of the 2,000th E-Jet is an extraordinary milestone for Embraer and for the global aviation transport industry,” Arjan Meijer, president and CEO of Embraer Commercial Aviation, said in a statement.

“As one of the world’s three most successful commercial jet programs, the E-Jets family has played a vital role in connecting communities, opening new markets, and creating sustainable growth opportunities for airlines,” Meijer added.

Azul has operated more than 140 E-Jets since beginning operations in 2008 and was the launch customer for the E195-E2, taking delivery of its first aircraft in 2019.

Embraer and Azul executives celebrate the milestone. Photo. Embraer.

The 2,000th E-Jet also marks Azul’s 50th E2 aircraft, Embraer said.

The E-Jet family comprises the first-generation E170, E175, E190 and E195, as well as the second-generation E190-E2 and E195-E2.

The program has enabled Embraer to expand beyond its traditional regional aviation market and establish a strong position in the global small narrowbody segment.

Bombardier strengthens supply chain by acquiring Mitsubishi’s Canadian assets

01 Tuesday Sep 2026

Posted by Abdul Latheef in Aircraft, Bombardier, Business Aircraft, Mitsubishi Heavy Industries

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Aviation, Bombardier, Business, Mitsubishi Heavy Industries, News, Transport, Travel

The Bombardier Global 5500. Photo: Bombardier.

MONTREAL – Bombardier is acquiring the assets of Mitsubishi Heavy Industries Canada Aerospace Inc., based in Mississauga, Ont., close to its final assembly center for Global business jets, strengthening its manufacturing footprint and supply chain, the company said Tuesday. No financial details were disclosed.

MHICA makes aerostructures such as wings for Global 5500 and 6500 aircraft. Photo: MHICA.

The acquisition builds on Bombardier’s longstanding industrial relationship with MHICA, which has supported multiple projects including the Global 5500 and 6500 programs.

The deal will add MHICA’s manufacturing capabilities and about 750 employees to Bombardier, further strengthening its in-house aerostructures capabilities, resilience and autonomy, the company said.

“This agreement represents a key step in Bombardier’s long-term growth strategy, strengthening critical capabilities, enhancing operational resilience and supporting the company’s flexibility to meet growing customer demand,” said David Murray, Bombardier’s executive vice president of manufacturing and supply chain execution.

Hiroyuki Koguchi, executive vice president and head of commercial aviation systems at MHI, said the agreement recognizes the contributions of local employees and ensures a strong future for the workforce, whose skills and expertise have been central to the company’s success.

The acquisition is subject to customary closing conditions and regulatory approvals, Bombardier said.

United Airlines unveils largest international expansion

25 Tuesday Aug 2026

Posted by Abdul Latheef in A321XLR, Airbus, Aircraft, Airlines, United Airlines

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A321XLR, Airbus, Aircraft, Aviation, Business, News, Transport, Travel, United Airlines

The Airbus A321XLR was on display at the Farnborough International Airshow last month. Photo: Abdul Latheef.

NEWARK, N.J. – United Airlines is embarking on its largest international expansion, adding 10 destinations in Europe and Asia for summer 2027, with its new Airbus A321XLR aircraft set to operate some of the new routes, the airline announced Tuesday.

Eight of the new destinations will have no other U.S. airline offering nonstop service, according to United.

The A321XLR, which United calls its “Born to Explore” aircraft, will be deployed on new routes from Newark to Luxembourg City, Ibiza, Valencia and Marseille, and from Washington Dulles to Toulouse.

The Airbus A321XLR was a top attraction at the Farnborough International Airshow last month. Photo: Abdul Latheef.

United plans to begin flying the A321XLR on select domestic routes in September before putting it into international service Dec. 1 on flights from Washington Dulles to Amsterdam and Dublin.

The aircraft features 32 premium seats, including 20 United Polaris suites and 12 United Premium Plus seats.

Photo: Abdul Latheef.

United said it also will feature a Polaris suite with a privacy door, Starlink Wi-Fi for MileagePlus members, 4K OLED screens and redesigned Economy Plus seating.

The new destinations are San Francisco to Okinawa, Japan; Newark to Luxembourg City, Luxembourg; Washington Dulles to Toulouse, France; Newark to Ljubljana, Slovenia; Newark to Olbia, Sardinia; Newark to Catania, Sicily; Newark to Ibiza, Spain; Newark to Valencia, Spain; Newark to Marseille, France; and Newark to Terceira in Portugal’s Azores.

United also plans new flights to destinations it already serves, including daily service from Los Angeles to Osaka, Japan; three-times-weekly service from Washington Dulles to Milan; and daily service from Denver to Paris.

United said it has added 58 international destinations since 2017 and now serves more than 160 international destinations.

Tuesday’s announcement came a week after United said it had completed the first phase of an expansion of its pilot training center in Denver.

The airline said it has hired more than 9,500 pilots since announcing its United Next growth strategy in 2021.

All new routes are subject to government approval.

GKN Aerospace unveils UAV demonstrator

21 Friday Aug 2026

Posted by Abdul Latheef in Aircraft, Aviation, UAVs

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Aviation, Canada, Defence, GKN Aerospace, News, Sweden, Transport

The UAV demonstrator. Photo: GKN Aerospace.

BIRMINGHAM, United Kingdom – GKN Aerospace on Friday unveiled an uncrewed aerial vehicle (UAV) demonstrator, less than a year after launching a program with Sweden to develop the aircraft and a dedicated turbojet engine.

The company said the demonstrator represents the first public presentation of the platform and brings together propulsion, aerostructures and systems integration expertise from Sweden, the Netherlands and the United Kingdom.

“One year ago, this was an idea and an ambition. Today, we are unveiling the first tangible result of that work. That achievement reflects close collaboration with FMV, the Swedish Armed Forces and the combined expertise of teams across GKN Aerospace,” said Joakim Andersson, President of Engines.

The initiative was announced in November under an 18-month program with the Swedish Defence Materiel Administration, known as FMV. It calls for development of a clean-sheet UAV demonstrator and dedicated turbojet engine.

The program includes development of the engine, airframe and onboard systems. GKN said the demonstrator is designed as a flexible platform for testing and evaluation and will provide experience in developing, integrating and manufacturing complex aerospace systems on accelerated timelines.

A full-scale mock-up of the UAV and its dedicated turbojet engine is being displayed at the Armed Forces Air Venture 2026 as part of the Swedish Air Force’s centenary celebrations.

UAV development has become an increasing focus of defence programs as militaries seek systems that can be developed and adapted more quickly.

GKN already supports UAV and remotely piloted aircraft programs and supplies structures and other components for uncrewed aircraft.

The Canadian government said in July that it had launched a Defence Drone Initiative to accelerate the development, testing and production of Canadian uncrewed and autonomous systems for the Canadian Armed Forces and Canadian Coast Guard.

Eve, RV Connex to develop air mobility framework for Thailand

17 Monday Aug 2026

Posted by Abdul Latheef in Aircraft, Aviation, eVTOLs

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Aviation, Business, Eve Air Mobility, eVTOLs, News, RV Connex Co., Transport

Photo: R V Connex.

MELBOURNE, Fla. – Eve Air Mobility and Thai aerospace company RV Connex have signed a memorandum of understanding to work on developing a regulatory framework for advanced air mobility in Thailand.

The companies said Monday the agreement will support long-term industry and regulatory engagement and bring together public and private stakeholders to establish safe, efficient and scalable advanced air mobility operations.

The collaboration will evaluate future operational scenarios, safety requirements, airspace rules and infrastructure needs specific to Thailand’s aviation system, while drawing on global advanced air mobility standards.

RV Connex will work with government, academic and industry partners as part of the effort, the companies said.

“Thailand offers a fantastic opportunity for urban air mobility. Working with RV Connex lets us help shape the regulations this industry needs to grow,” Eve CEO Johann Bordais said.

RV Connex President Sujate Jantarang said the agreement would help Thai authorities develop modern regulations aligned with global standards for the technology.

Photo: Eve Air Mobility.

Eve Air Mobility, backed by Brazilian aircraft manufacturer Embraer, is developing an electric vertical takeoff and landing aircraft as part of its broader urban air mobility program.

The company recently completed the first partial transition flight of its Eve prototype.

A partial transition flight is an early test in which an eVTOL begins shifting from vertical lift generated by its lift rotors to forward flight using a rear-mounted pusher propeller.

Heart Aerospace completes first flight of largest electric aircraft

13 Thursday Aug 2026

Posted by Abdul Latheef in Aircraft, Aviation

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Aviation, Business, Emissions, Heart Aerospace, News, Transport

Photo: Heart Aerospace.

PLATTSBURGH, N.Y. – Heart Aerospace has completed the first flight of its X1 demonstrator, which the company says is the largest battery electric aircraft ever flown.

The piloted flight took place Wednesday at Heart’s flight-test base at Plattsburgh International Airport in upstate New York.

The 27-minute flight reached an altitude of 1,100 feet and demonstrated the aircraft’s all-electric propulsion system, which delivered more than 1 megawatt of power, the company said Thursday.

The X1 has a 106-foot wingspan and is designed to demonstrate technologies for Heart’s ES-30, a 30-seat hybrid-electric regional aircraft.

The ES-30. Photo: Heart Aerospace.

“With the first flight of X1, Heart Aerospace has demonstrated electric flight at the scale of a commercial airliner,” Anders Forslund, Heart’s co-founder and CEO, said in a news release.

“This is a defining moment for aviation.”

The flight was conducted under a Federal Aviation Administration special airworthiness certificate in the experimental category and included taxiing, takeoff, climb, maneuvering and landing, Heart said.

The X1 flight campaign will continue as the company gathers data to support development and certification of the ES-30, it said.

Vertical Aerospace secures commitments for $100 million

10 Monday Aug 2026

Posted by Abdul Latheef in Aircraft, Aviation, eVTOL, Vertical Aerospace

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Aircraft, Aviation, Business, eVTOL, News, Transport, Travel, Vertical Aerospace

The Valo at the Farnborough International Airshow last month. Photo Abdul Latheef.

LONDON / NEW YORK – Vertical Aerospace said Monday it has secured financing commitments of about $100 million as the electric airplane developer moves toward certification and commercial production.

The financing includes $40 million from Mudrick Capital Management, $35 million through a planned equity offering and $25 million from the company’s preferred equity facility with Yorkville Advisors Global.

The funding is intended to support Vertical’s certification program and development of manufacturing capabilities for Valo, its four-passenger electric vertical takeoff and landing aircraft.

Vertical said the money will help fund completion of the aircraft’s Critical Design Review, expand battery production capacity at its Energy Centre and develop future production capabilities in the United Kingdom.

The company also plans to retrofit its third prototype for hybrid-electric flight testing in the first half of 2027.

The financing announcement comes after Vertical completed piloted transition flights at the Farnborough International Airshow. A transition flight is an early test in which an eVTOL shifts from vertical lift generated by its lift rotors to forward flight using a rear-mounted pusher propeller.

Photo: Abdul Latheef

The company has secured some 1,500 orders for Valo.

“Following the momentum generated by our progress over the last six months, we are focused on converting operational progress and partner engagement into continued advancement of our certification and commercialization strategy,” Chief Executive Stuart Simpson said.

The eVTOL sector is moving closer to commercial operations, with manufacturers advancing aircraft development and certification programs while working with regulators to establish the standards and infrastructure needed to bring electric aircraft into commercial service.

The proposed Mudrick financing is subject to definitive agreements, and Vertical said there is no assurance it will close on the announced terms.

Vertical is based in Bristol, England, and trades on the New York Stock Exchange under the ticker EVTL.

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