The transaction is expected to close on or before the beginning of 2nd Quarter pending customary closing conditions.Īstro, a pioneer in the eVTOL market, has developed one of the safest and most efficient eVTOLs in the world. On 18th February 2021, Astro Aerospace, a global leader in eVTOL aerial vehicles and drones, entered a binding agreement to acquire Horizon Aircraft Inc. This greatly reduces risk during the process. Flying 98% of its mission in a configuration exactly like a normal aircraft, means discussions surrounding certification can start from a well-understood baseline. The Horizon Aircraft Cavorite X5 is fundamentally a normal aircraft with an additional eVTOL capability that adds safety and operational capability.
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This is essential to the sector reaching its full potential.” The safety bar must be set much higher so that potential passengers, regulators, and other stakeholders have the highest possible levels of confidence in the first eVTOL aircraft.
It says the global spotlight on the first air taxis will be sufficiently intense that any accidents and safety risks would set the industry back years in terms of passenger confidence and regulatory approval.īrandon Robinson, CEO and Co-Founder of Horizon Aircraft said: “There is much debate around the safety requirements of eVTOL aircraft, with some commentators for example, saying they should be twice as safe as driving a car, or have safety records on a par with helicopters. Ma– Horizon Aircraft, the advanced aerospace engineering company that has developed the Cavorite X5, the world’s first eVTOL (electric vertical take-off and landing) aircraft that can fly the majority of its mission exactly like a normal aircraft, says the early eVTOL passenger models that are used in commercial operations should have safety records equal to those in the commercial aviation sector in order to prevent accidents and fatalities. Astro continually defies traditional aviation design, and the acquisition of Horizon will only push the Company further, with the ability to reach greater heights working in tandem with Horizon’s exceptional team.The Horizon Aircraft Cavorite X5 is fundamentally a normal aircraft with an additional eVTOL capability that adds safety and operational capability. In 2018, the Company’s drone, ‘Elroy’, was one of the first to seamlessly fly with humans on board. The transaction is expected to close on or before the beginning of 2nd Quarter pending customary closing conditions.Īstro, a pioneer in the eVTOL market, has developed one of the market’s safest and most efficient eVTOLs in the world. On February 18, 2021, Astro Aerospace, a global leader in eVTOL aerial vehicles and drones, entered a binding agreement to acquire Horizon Aircraft Inc. Many believe it is only a few years before the first commercial urban air mobility flights will take place, and this will generate a huge number of jobs and create significant revenue globally.” Globally, 48% of eVTOL professionals interviewed as part of Horizon Aircraft’s research believe the sector will create between 350,000 and 500,000 jobs by then, 12.5% believe the figure will be between 500,000 and 600,000 and 28% think it will be higher than this.īrandon Robinson, CEO and Co-Founder of Horizon Aircraft said: “Our research shows huge optimism amongst those working in the eVTOL sector. The Aerospace Industries Association estimates that the US mobility market will create 280,000 jobs by 2035. In terms of which countries will have the biggest and most advanced eVTOL markets by 2030, respondents predicted Canada, China and America would be the top three. The research was commissioned by Horizon Aircraft that has developed the Cavorite X5, the world’s first eVTOL that can fly the majority of its mission exactly like a normal aircraft. The first commercial urban air mobility passenger routes will be operational by 2025, according to 56% eVTOL (electric vertical takeoff and landing) professionals, said Horizon Aircraft, an advanced aerospace engineering company.Ī further 15% think this will happen between 20, and only 25% think it will happen after 2030, it added.
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