The renamed model is expected to have increased range of 120 miles and faster speed of over 200 mph.

The eVTOL aircraft developer says urban air mobility services are set to launch in the South Florida city in 2024 with flights priced at rates comparable to those for ridesharing car service.

Meanwhile, the Chinese company is facing at least four class-action lawsuits in the U.S. from disgruntled investors.

The new system will be around two and a half times more powerful than a unit that the company rolled out in 2019.

Texas-based Astro Aerospace, which is already working on the Elroy and Alta designs, is acquiring Canada's Horizon Aircraft, which has the Cavorite X5 model in the works.

Miami Mayor Francis Suarez says he wants eVTOL aircraft providing flights across the South Florida city by 2024.

Funding cuts at parent company Boeing have slowed the pace of some work, but the technology continues to mature behind closed doors.

Varon Vehicles is partnering with Paladin AI to tap machine learning and artificial intelligence to train a new breed of flight crew for eVTOL aircraft.

Almost one-fifth of the 37 aircraft that the FAA is evaluating for type certification are eVTOL designs.

The Slovakian company says it is on track to achieve EASA CS-23 type certification by the end of 2023.

The company says an additional $240 million raised from new and existing investors is sufficient to complete type certification of its VoloCity eVTOL aircraft.

The privately owned German company says that its B5 aircraft can be certified and in commercial service by the end of 2025.

The U.S. Air Force is awarding a $150,000 contract to see if use of a LiquidPiston rotary engine in a hybrid configuration can overcome limitations of current batteries used on eVTOL aircraft.

Proposed legislation would result in the Department of Transportation leading a new multi-agency working group and new federal funding to support the development of an AAM ecosystem.

The German company intends to recruit contractors to build most aircraft components and systems, but will retain control of overall design, technology integration and final assembly.

The company has built a prototype for its hydrogen fuel cell technology and says it can start delivering equipment to aircraft developers in 2022.

Other eVTOL aircraft developers are targeting emergency medical support services, including Jump Aero, Jaunt Air Mobility, Urban Aeronautics, EHang, and Volocopter.

The partners aim to be ready to start flight testing a regional airliner modified for hydrogen propulsion by 2023

The new T629 combat rotorcraft was unveiled in Turkey last week and is set to make its first flight before the end of 2021.

Winning public acceptance and not taking the multifaceted approval processes for granted will be critical to getting the infrastructure in place to support advanced air mobility services.