Welcome to our dedicated page for New Horizon Aircraft news (Ticker: HOVR), a resource for investors and traders seeking the latest updates and insights on New Horizon Aircraft stock.
New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft, regularly issues news updates as it advances development of the Cavorite X7, one of the world’s first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft. This news feed aggregates the company’s press releases and related coverage so readers can follow key milestones in its aerospace engineering program.
Horizon Aircraft’s announcements often focus on technology and development progress, including prototype testing, full-scale aircraft assembly, and work on its hybrid-electric architecture. Updates have highlighted successful fan-in-wing transition flights of a large-scale prototype, progress toward a full-scale Cavorite X7, and preparation for aircraft certification. Readers can also find details on engineering partnerships, such as the selection of Pratt & Whitney Canada’s PT6A engine and collaboration with Motion Applied on a customized silicon carbide motor drive inverter.
Another recurring theme in HOVR news is all-weather capability. The company reports on Project CRYSTAL and a non-dilutive INSAT grant supporting development of an all-weather vertical propulsion system and ice protection technologies, with the goal of enabling IFR flight and Flight Into Known Icing conditions. These updates are relevant for investors and observers interested in how the Cavorite X7 is being positioned for missions such as medevac, search and rescue, disaster relief, and defense operations.
Horizon Aircraft also issues corporate and financial updates, including quarterly business updates, liquidity discussions, and information about government funding and capital markets activity. Governance and organizational news, such as board appointments and participation in industry conferences, appears alongside technical and program announcements. This page provides a single place to review those developments over time.
By reviewing the HOVR news feed, readers can track how New Horizon Aircraft Ltd. is progressing with its hybrid eVTOL program, building partnerships, and engaging with regional operators, emergency service providers, and military stakeholders as it develops the Cavorite X7.
New Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid electric Vertical Take-Off and Landing (VTOL) aircraft, has announced its participation in four major industry conferences during September 2025.
The company will attend the Gabelli Aerospace & Defense Symposium (Sept. 4), Deutsche Bank Aviation Forum (Sept. 4), H.C. Wainwright Global Investment Conference (Sept. 8-10), and Rare Earth Mines, Magnets and Motors 2025 (Sept. 23-24). Management will engage in investor meetings, with a fireside chat at Gabelli and a panel discussion with prototype display at the Rare Earth event.
Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid electric Vertical Take-Off and Landing (VTOL) aircraft, has released its Q4 and full-year 2025 business update. The company achieved a significant milestone by completing one of the world's first successful fan-in-wing forward transition flights with their large-scale prototype in May 2025.
The company reported a strong financial position with $17 million in cash, providing 18+ months of liquidity. Horizon has strengthened its engineering team with four key hires and secured significant non-dilutive government funding grants. The company's Cavorite X7 aircraft is positioned to lead in key performance metrics including speed, range, and payload capacity.
Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft, has secured a $450,000 NSERC Applied Research and Development grant. This funding, combined with previous grants, brings the total NSERC Federal funding to over $3.4 million.
The company is collaborating with Fleming College and Ontario Tech University on hybrid-electric eVTOL development through a multi-year NSERC-funded partnership. Horizon Aircraft recently achieved a significant milestone with the world's first successful fan-in-wing transition flight using their HOVR wing technology and is currently constructing a piloted, full-scale hybrid electric VTOL prototype aircraft.
Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid eVTOL aircraft, has announced plans to collaborate with ZeroAvia, a leader in hydrogen-electric powertrains, to explore zero-emission regional air travel solutions. The partnership will focus on evaluating ZeroAvia's ZA600 hydrogen-electric powertrain for potential integration into Horizon's Cavorite X7 fan-in-wing eVTOL aircraft.
The collaboration aims to accelerate research into necessary infrastructure and certification guidelines for zero-emission aviation. This strategic partnership represents Horizon Aircraft's first step towards developing zero-emission regional air travel capabilities, with a focus on practical implementation and operational efficiency.
Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid eVTOL aircraft, has announced that it has regained compliance with Nasdaq Capital Market's minimum bid price requirement under Listing Rule 5550(a)(2). The company, which specializes in advanced aerospace engineering and is developing one of the world's first hybrid electric Vertical Take-Off and Landing aircraft, has successfully resolved its listing compliance issues with Nasdaq.
Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid eVTOL aircraft, has announced a strategic partnership with renowned mobility designer Andrea Mocellin to enhance the design of their Cavorite X7 hybrid-electric aircraft.
Mocellin, who brings extensive experience from companies like Lilium, Alfa Romeo, Maserati, and NIO, will focus on refining the aircraft's exterior form, proportions, and key design elements. The collaboration aims to integrate functionality with aesthetics while optimizing aerodynamics and user experience. The Cavorite X7's interior will be designed to support multiple configurations without compromising comfort.
Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, has announced its participation in the upcoming Jefferies eVTOL/AAM Summit on May 28, 2025. The event will be held virtually, with management scheduled to present at 10am ET. The presentation will be available via live webcast, with a 30-day replay period on the company's website. Company management will also be available for one-on-one meetings during the conference.
Horizon Aircraft (NASDAQ: HOVR) has achieved a significant milestone with its Cavorite X7 eVTOL aircraft, becoming the first to accomplish a stable transition using fan-in-wing design. The company's patented technology combines modern electric motors and batteries to create a simplified and safer eVTOL system. The hybrid electric aircraft is projected to reach speeds of up to 250 mph and cover operational ranges exceeding 500 miles with fuel reserves.
Unlike competitors using complicated multi-copter rotating nacelles or heavy tilt-wing mechanisms, Horizon's design features multiple redundancy layers and a simpler transition mechanism. The company is currently constructing a full-scale, piloted technical demonstrator to further validate their approach.
Horizon Aircraft (NASDAQ: HOVR) has appointed Justin Chapman as Senior Technical Advisor to support the development of their Cavorite X7 hybrid-eVTOL aircraft. Chapman, a former Rolls-Royce executive who served as Chief of Electronics and Chief of FADEC, brings extensive expertise in electric propulsion and energy systems for aviation. His role will focus on advancing aircraft systems, including electronics, batteries, and electric propulsion.
Chapman will work closely with CTO Tom Brassington to enhance and de-risk the development of the Cavorite X7, which is designed as a practical, safety-focused hybrid eVTOL platform. His appointment strengthens Horizon's technical development capabilities as they progress toward producing a full-size demonstrator aircraft.