New Horizon Aircraft is publishing a comprehensive Company update. Brandon Robinson, Chairman and Chief Executive Officer of Horizon commented, “Horizon had a tremendous start to 2024. After successfully completing our business combination, we were able to continue making significant technical progress on our unique hybrid electric eVTOL development program.” Robinson continued, “Our practical and capital efficient approach has resonated with investors and operators alike. Our last quarter saw us sign an LOI with Indian regional air transport JetSetGo for purchase of up to 100 aircraft ($500M USD), continue the flight test program of our scale prototype, and further the design of our full-scale aircraft. I am incredibly proud of the team, our progress, and our differentiated place in the Advanced Air Mobility (AAM) market.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOVR:
- Horizon Aircraft Provides Corporate Update
- Horizon Aircraft publishes research on trend towards urbanization
- Japanese Investors Believe Increased Global Urbanisation is Set to Fuel Growth in eVTOL Sector
- Horizon Aircraft to Participate in the 36th Annual Roth Conference on March 18 and 19, 2024
- Horizon Aircraft says global investors expect eVTOL passenger routes by 2026