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FutureFlight
Astro Aerospace Agrees to Buy eVTOL Developer Horizon Aircraft
The acquisition, for an undisclosed amount, is set to be complete in the second quarter of 2021, and Astro also plans an initial public offering to raise further capital.
Horizon Aircraft's Cavorite X5 eVTOL development is set to be boosted by Astro Aerospace, which is buying the Canadian company. (Image: Horizon Aircraft)
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By
Charles Alcock
• Managing Editor
February 19, 2021