Advanced Air Mobility

The AAM Stock Composite nudged higher by 3.7% during the week ended Dec. 1, continuing a recent stretch of mostly positive trading.

Brazilian startup Moya Aero has begun flight testing its prototype electric vertical-takeoff-and-landing (eVTOL) uncrewed cargo aircraft.

U.S. charter and cargo carrier Global Crossing Airlines has announced the creation of UrbanX, a dedicated subsidiary devoted to urban air mobility.

Eve Air Mobility and Flexjet have completed their first urban air traffic management software simulation outside London.

U.S. electric aircraft startup Beta Technologies has received a $20 million grant from the state of New York.

Hamidi says that Airmedic and Limosa will be holding weekly meetings to determine the optimal configuration and equipment needs of the cabin.

The agreement was outlined in a memorandum of understanding.

U.S. startup Surf Air Mobility has partnered with Brazilian regional carrier Azul Conecta to electrify a portion of the carrier’s Cessna Caravan fleet.

U.S. startup Electra.aero has received cash deposits from Bristow Group to secure early delivery positions for an initial five eSTOL aircraft.

The FAA and the European Union Aviation Safety Agency are trying to figure out how best to certify the safety of nondeterministic programs.

AAM orders by OEM, updated as of November 2023

Chinese commercial aircraft manufacturer Comac has displayed a model of a 19-seat all-electric regional aircraft, the CE-25A.

The moves are part of a sweeping reorganization outlined by CEO Tufan Erginbilgic.

Ecojet has selected ZeroAvia’s ZA600 and ZA2000 hydrogen-electric powertrains to power its future fleet, ahead of the startup’s planned launch in 2024.

The power-on milestone for the CityAirbus NextGen eVTOL prototype is “imminent,” Airbus announced on Nov. 26.

The AAM Stock Composite ticked up 3% during the week ending Nov. 24, as strong gains from EHang canceled out a lackluster performance from other air taxi OEMs.

EHang is laying the groundwork for the imminent commercial launch of its EH216-S unmanned multicopter.

Receiving the design organization approval means that Lilium is now entitled by EASA to design, develop and hold a type certificate for its Lilium Jet.

Vaeridion has signed a Pre-Application Contract (PAC) with EASA.

The bank joins Airbus, Barclays Sustainable Impact Capital and Saudi Arabia’s Neom Investment Bank as co-leads in the funding round.

With the largest scheduled helicopter operation in North America, Vancouver-based Helijet is planning a leap into the advanced air mobility sector.

Volocopter will be re-evaluating its plans to introduce advanced air mobility (AAM) services here after it failed to secure local “cost-sharing partners.”

AAM OEM Funding Estimates, Nov. 2023

The AAM Stock Composite roared back to life during the week ended Nov. 21, driven by big gains in air-taxi makers Archer, Joby and EHang.

In the U.S., Archer and Joby Aviation are looking to certify their eVTOL vehicles and launch commercial passenger services by 2025.