Latest news with #EVTOL
Hans India
25-07-2025
- Business
- Hans India
AP on track to become an aviation hub: Janardhan Reddy
Vijayawada: Andhra Pradesh is poised to become a significant aviation hub, according to B C Janardhan Reddy, minister for investments, infrastructure, roads and buildings. He highlighted the state's conducive investment climate, which is attracting substantial national and international aviation investments. The minister met industrialists and investors at the AP secretariat on Thursday. Three major aviation firms expressed interest in investing in the state: Skybird Aviation Pvt. Ltd. plans a Rs 600 crore investment for a Full Flight Simulation Centre; FTO and Heli Taxi Services proposed Rs 210 crore for flying training and helicopter taxi services; and Felix Aviation Academy intends to establish a Flying Training Organisation (FTO). These companies have submitted concept notes and strategies, and the minister assured swift clearances upon formal proposals. Janardhan Reddy also noted that various aviation and EVTOL (Electric Vertical Take-off and Landing) firms, including EPlane Company, BLUJ Aviation, Magnum Wings, Sarla Aviation, Golden Epaulettes Aviation Pvt. Ltd., and Haribon Aeronautics Pvt. Ltd., have shown strong interest and held meetings to discuss their plans. The minister emphasised that improved infrastructure in Andhra Pradesh is attracting trusted, long-term investments, which will significantly boost local employment. He stated that the government is prioritizing the development of roads, ports, railways, and airports as part of its industrial strategy. Reddy also remarked that the current administration is rebuilding investor confidence, positioning Andhra Pradesh as a reliable long-term investment destination after the previous government's impact on the state's brand image.
The Hindu
10-07-2025
- Business
- The Hindu
A.P. will emerge as key aviation investment hub, says Minister
Aviation players, including Sarla Aviation, Golden Epaulettes Aviation Academy, and Hariban Aeronautics Pvt. Ltd., have expressed interest in setting up manufacturing and training facilities in Andhra Pradesh. Minister for Roads & Buildings, Infrastructure and Investments, B.C. Janardhan Reddy, after a meeting with these industrialists at the Secretariat, said that a favourable ecosystem in the State was attracting long-term and reliable investments. Sarla Aviation, a leader in EVTOL aircraft, has proposed establishing a production unit, while Golden Epaulettes plans to open a pilot training academy in the State. Hariban Aeronautics is keen to manufacture aviation and nautical equipment catering to defense and agriculture sectors, the Minister said. Additionally, CtrlS, a prominent data centre company, has shown intent to invest ₹500 crore in the State. Mr. Reddy emphasised that Andhra Pradesh is on track to become a global electric aircraft manufacturing hub. 'With improved infrastructure, policy support, and skilled youth, the State is regaining investors' confidence,' he said.
Yahoo
04-07-2025
- Automotive
- Yahoo
Flying car stock gets bold Wall Street call, rewrites urban mobility
Flying car stock gets bold Wall Street call, rewrites urban mobility originally appeared on TheStreet. Flying car stocks aren't just sci-fi movie magic anymore. These stocks have suddenly turned into Wall Street's new obsession. Recent trading activity has shown that investors can't get enough of electric vertical takeoff-and-landing (EVTOL) startups pitching city-sky shortcuts and massive billion-dollar markets. 💵💰💰💵 As you'd imagine, multiple players are fighting for the top spot, but fresh chatter suggests that one might've cracked a key performance boost that potentially flips the script. A scorching desert test run just turned heads and ignited fresh buzz in the hotly competitive flying car space. Flying car stocks have caught fire over the past year, and for good reason. Reports suggest that the flying-car market is set to explode, surging from just $243 million in 2025 to over $4.2 billion by 2035 (an eye-popping 34% annual growth). Urban air mobility alone could soar from $1.9 billion in 2024 to $12 billion in 2035, powered by friendlier regulations and rapid tech advances. Joby Aviation () arguably remains the sector's poster the first quarter, it reported a narrower loss of around $82 million, down from $95 million a year ago. Additionally, Joby has locked in exclusive UAE launch rights and is looking to finalize Dubai vertiport sites with local transit authorities. China's EHang () is another promising contender. Its Urban Air Mobility Exhibition Center in Shenzhen is live, targeting RMB 900 million in revenue this year, a massive 100% jump year-over-year. Archer Aviation () is another big name that's turning heads in the crowded flying car race. What makes it an anomaly isn't just the sleek, 12-prop Midnight eVTOL or its swappable battery packs; it's the entire game plan. More Tech Stock News: Veteran Tesla bull drops surprising 3-word verdict on robotaxi ride Apple could make big change to Siri, delight fans Veteran analyst issues big Broadcom call, shakes up AI stock race Moreover, it's already lined up heavyweight partners, including United Airlines and Stellantis, backing production with up to $370 million. It's also looking to build a massive $400 million Georgia plant and train pilots at its FAA-certified academy. Additionally, with a nifty $850 million fresh in the bank, Archer's ready to crank up capacity and take things up a notch or two. Wall Street research firm H.C. Wainwright slapped an $18 price tag on Archer Aviation, a staggering 80% upside after its Midnight eVTOL breezed through a testing desert trial in Abu Dhabi. Against scorching heat, fierce humidity, and swirling dust at Al Bateen Executive Airport, Archer's team proved its aircraft is more than just a lab demo. The flight was tracked closely by UAE aviation regulators, Abu Dhabi Investment Office officials, investors, and regional partners, signaling confidence in Archer's design and operational readiness. This test also provides crucial data needed for certification under harsh conditions, putting Archer on the fast track for regulatory top of that, the demo feeds into Archer's Launch Edition program, potentially introducing a fleet of air taxis in Abu Dhabi later this year. Expanded regional trials will collect key performance data ahead of broader deployments. Wainwright isn't just cheering one flight. The firm estimates roughly $1 billion in sales for Archer by 2028, led by both aircraft sales and direct air-taxi services. Additionally, it expects the flying car upstart to churn out more than 400 Midnights annually by 2031. Archer's recent $350 million share offering also padded its cash till, leaving it debt-free and primed to take things to the next level. With the UAE's urban air mobility market pegged at $23.8 billion and over 20% growth expected over the next decade, Archer is looking to cash in big time. Archer Aviation stock is up 212% over the past nine months and skyrocketed 168% last year. A fresh 38% pop in just three months shows buyers still invest in this multi-billion-dollar growth car stock gets bold Wall Street call, rewrites urban mobility first appeared on TheStreet on Jul 3, 2025 This story was originally reported by TheStreet on Jul 3, 2025, where it first appeared.
Irish Times
28-05-2025
- Business
- Irish Times
Vertical Aerospace passes milestone flight test
An air taxi built by Irish-backed Vertical Aerospace passed a key milestone with a successful test of its ability to fly like a conventional aircraft, according to company chairman Dómhnall Slattery. Founded by Belfast man Stephen Fitzpatrick, New York-listed Vertical Aerospace is developing electric vertical take-off and landing (EVTOL) aircraft at its base in Bristol in England. The company recently demonstrated that its EVTOLs can take off, fly with a pilot and land using their wings, like conventional passenger jets, a key requirement imposed by regulators at the UK's Civil Aviation Authority (CAA). Mr Slattery, former chief executive of Irish aircraft leasing giant Avolon, said on Tuesday that Vertical Aerospace was the first EVTOL developer in Europe, 'if not globally' to have passed this test. READ MORE 'You have to be able to prove that you can take off, fly and land conventionally,' he explained. 'That's a difficult thing to do. We are the first EVTOL to achieve this milestone with a pilot on board.' Mr Slattery added that the successful test put the company in a unique position globally and kept it on track to meet its target of gaining full safety certification in 2028. The CAA is working with the European Union Aviation Safety Agency (EASA) to certify the EVTOLs. According to Mr Slattery, the regulators have imposed 'exactly the same standards' as those that apply to the Airbus and Boeing passenger jets on which most Europeans fly. Its next stage is 'transition', that is moving from thrust-borne flight, like a helicopter, to wing-borne flight, like a plane, and back again. Vertical Aerospace aims to complete that phase later this year, said its chairman. Vertical's EVTOL, the VX4, is battery powered and designed to fly four passengers over short distances, making them ideal for providing quick transport in crowded cities. One application is likely to be transporting passengers from airports to city centres. It has already drawn interest from airlines in Brazil and Turkey, home to 'mega cities' São Paulo and Istanbul, which have busy airports. Vertical is also developing a hybrid gas-electric version of the VX4 that will increase its range from 160km (100 miles) to 1,600km, and its payload to 1,000kg from 500kg. That will open cargo and defence markets to the company. The range and ability to fly silently make it attractive for military use, while Mr Slattery said that several navies had expressed interest in the hybrid, which could be used for ship-to-ship or ship-to-land transport. Mr Slattery's old company, Avolon, is a shareholder in Vertical. It has an initial order for 500 of the electric VX4s, should they gain the necessary certification. The company has a total of 1,500 such orders, which would take it into the middle of the next decade. Avolon has placed its VX4s with GOL in Brazil, Gözen Holdings, owner of Freebird Airlines, in Turkey, and Japan Airlines among others. Former Irish Aviation Authority and Eurocontrol chief executive Eamonn Brennan joined Vertical this year as an adviser to its board.
