Welcome to our dedicated page for Vertical Aerospace news (Ticker: EVTL), a resource for investors and traders seeking the latest updates and insights on Vertical Aerospace stock.
Vertical Aerospace Ltd. develops electric vertical take-off and landing aircraft for the advanced air mobility market. Company news centers on Valo, its piloted four-passenger eVTOL aircraft, including prototype flight testing, transition-flight milestones, certification-focused development, manufacturing preparations, customer demand and supplier agreements for aircraft systems such as transparencies and electric propulsion units.
Updates also cover Vertical's financing activity, including equity raises, convertible financing facilities and liquidity measures used to fund aircraft development, testing, manufacturing capacity and certification work. Recurring disclosures describe its proprietary battery and propeller technology, aerospace supplier network and work with aviation regulators including the UK Civil Aviation Authority and European Union Aviation Safety Agency.
Vertical Aerospace has appointed Dómhnal Slattery as Non-Executive Chairman of its Board, succeeding Stephen Fitzpatrick. Slattery brings over 30 years of aviation finance experience, having previously founded Avolon, the world's second-largest aircraft leasing company. He will guide the company through the commercialization of its zero-emissions eVTOL aircraft, the VX4. Vertical Aerospace has secured conditional pre-orders for up to 1,350 VX4 aircraft, totaling $5.4 billion, and anticipates VX4 certification by the European Union Aviation Safety Authority by the mid-2020s.
Vertical Aerospace Group has successfully closed its merger with Broadstone Acquisition Corp., resulting in a public listing on the NYSE under the ticker EVTL. This significant milestone is expected to propel the company in the zero-emissions aviation sector. The merger comes with an additional funding injection of $205 million, backed by partnerships with major players like American Airlines and Rolls-Royce. Vertical plans to launch its VX4 eVTOL aircraft, projected to reach 200 mph while offering zero operating emissions, aiming for commercial flights in the mid-2020s.