News and analysis covering cutting edge aviation technology and business models, including zero carbon propulsion, evtol aircraft, automation and autonomy, and new infrastructure.
Operating losses for the first quarter of 2022 increased as the company has almost doubled its investment in research and development work, but it still holds $1.2 billion in cash and other capital on its balance sheet.
The company is combining its business with special purpose acquisition company Kensington Capital and hopes to raise $430 million with a New York Stock Exchange flotation.
The company raised $377 million from an initial public offering on the New York Stock Exchange, with dented trading conditions resulting in less than the anticipated $500 million plus return.
A report in The Air Current this week claimed that the FAA is to fundamentally replace the basis on which new eVTOL aircraft will be certified by removing the use of existing Part 23 rules as the regulatory foundation.
The concept-of-operations document illustrates the complexity of establishing eVTOL air services across vast metropolitan areas, including those in Eve's home country, Brazil.
The noise testing used 50 omnidirectional microphones deployed in a grid over which the Joby prototype flew repeatedly to represent anticipated operational noise profiles.
Air's engineering team is preparing to start hover testing the vehicle later in 2022, and the company is also working to secure the FAA's G1 type certification basis approval.
The oil and gas company is investing in the design and production of hydrogen refueling equipment, including mobile units and an landside-to-airport pipeline.
The 19-seat regional airliner could be ready to start flight testing with a combination of its turboprop engines and the company's ZA600 hydrogen-electric powertrain by September 2022.