Horizon Aircraft lists on Nasdaq, receives large eVTOL order | eVTOL

Viator – A TripAdvisor Company

It has been an eventful week for Canadian eVTOL developer, Horizon Aircraft.  

The startup, which has kept a relatively low public profile until now, has begun trading on the Nasdaq (using ticker HOVR) on January 16, 2024, after completing a merger with a Special Purpose Acquisition Company (SPAC) called Pono Capital Three just three days earlier.  

On the same day it made its stock market debut, New Horizon announced it had received a Letter of Intent (LoI) from the Indian private aviation operator JetSetGo for 50 units of its future Cavorite X7 eVTOL aircraft, plus another 50 options. With this aircraft, which is currently still under development, selling for US$5 million apiece, the order, if firmed, will value US$250 million and up to US$500 million if all options are exercised.  

The Cavorite X7, which takes its name from a fictional metal that appears in a…

 read more www.aerotime.aero

We use income earning auto affiliate links. More on Sponsored links.

> Cheap Flights and Hotels!
Several ways to buy cheap airline tickets.
- Start searching at least 2 months in advance and sign up for email alerts so you'll always be notified when flight prices drop.
- Budget airlines typically offer the cheapest flights.
- Save money by taking your flight early in the morning or late at night.
- Consider flying on a weekday instead of a weekend.
- Use an aggregator site to compare prices across airlines.
- Once you have found the best trip, select it on the aggregator site and move to the airline’s direct website to book your tickets. Some aggregators allow you to book the ticket through their website, but there may be an additional service fee.
  1. Discover amazing things to do on your vacation! with Viator – A Tripadvisor Company
  2. Save up to 50% on advance bookings with Viator – A Tripadvisor Company
  3. Roam the world Viator helps you explore the world, right from home, with our Roam From Home series of tours and activities

Related Posts

‘Flying cars’ in PH coming soon | eVTOL

Ask most people about their dream future, and it would likely involve flying cars. From The Jetsons cartoon to the Star Wars movies, we’ve always imagined soaring through the skies riding a car becoming part of everyday life. However, we wouldn’t need to wait longer as more companies are developing flying vehicles worldwide. Case in point, the Philippine News Agency…

Lilium Orders 120 Chargers from Chinese EV Company | eVTOL

Lilium placed an order for 120 chargers from Star Charge, a Chinese electric vehicle (EV) charging station maker.  read more www.ainonline.com

American Airlines increases bag and pet fees for first time since 2018 | Airlines

RALEIGH, N.C. (WNCN) — One airline is departing from its typical luggage fees — which have remained the same for the past seven years. American Airlines took the leap in prices in several areas with an announcement on Tuesday, the primary one being a $10 jump in the fee for the first checked bag. 4 nonstop flights out of RDU…

Airline industry: Revenge travel fades and New York, Singapore hubs dominate | Airlines

Cities around the world from Bangkok to Detroit are fading from international flight networks as the post-Covid travel boom funnels traffic into more traditional hubs. Across Southeast Asia, pre-pandemic links with Europe have all but vanished as Philippine Airlines Inc., Garuda Indonesia and Thai Airways International Pcl cut flights. Manila and Jakarta, for example, have no direct services to London…

Lilium to develop eVTOL charging systems with Star Charge; launches new business unit (NASDAQ:LILM) | eVTOL

XH4D/E+ via Getty Images Lilium (NASDAQ:LILM) said Tuesday at the Singapore Airshow that it has partnered with Star Charge to develop, customize, and provide charging systems for its Lilium Jets. Star Charge is a private entity engaged in providing electric vehicle charging infrastructure and microgrid solutions. Lilium said it has placed a first order of 120 chargers for its ground…

Bargain Buys on AircraftForSale: 1952 Cessna 170B

For those with a keen eye for aviation history and a passion for classic designs, the 1952 Cessna 170B presents a golden opportunity. Priced at $85,000, this vintage gem is a testament to Cessna’s post-World War II ingenuity, featuring a timeless tailwheel design that served as the precursor to the renowned Cessna 172. With an airframe total time of 4,450…