The merger between the UK companies is expected to be complete by around mid-2023, at which point new investors will provide a further £10 million in capital.
The memorandum of understanding for the provisional sale was signed a week after SkyDrive started taking orders from private individuals for its two-seat eVTOL vehicle.
Natilus has successfully flown a subscale technology demonstrator aircraft and is moving ahead with a full-scale prototype of its Kona cargo freighter.
The University of Miami College of Engineering has created the Miami Engineering Autonomous Mobility Initiative, which “aims to advance autonomous mobility technology and anticipate challenges to implementation in today’s cities.”
Autonomous aviation pioneer Xwing says it has formally begun the FAA approval process for its 'Superpilot' autonomous flight control system, which the company plans to use for pilotless cargo delivery flights in the U.S.
The company is starting conceptual design work for an initial 44-passenger aircraft with a projected range of 460 km (250 nmi) that it says could reopen abandoned short-haul air services.
Merlin, a Boston-based company developing 'drop-in' autonomy kits for legacy fixed-wing aircraft, has received a $1 million contract from the FAA to demonstrate its autonomous flight technology with flight trials in Alaska.
Japan's Sumitomo Mitsui Finance and Leasing Company now has a 35 percent stake in LCI, which plans to diversify its portfolio to include new eVTOL aircraft.
The development of training equipment hinges on pending decisions from air safety agencies regarding their requirements for flight crew operating the new, as-yet-uncertified aircraft.
The FAA has awarded $19 million in research grants to 14 universities in an effort to reduce noise pollution associated with aviation and advanced air mobility.
The large hangar at the company's airfield base in Bruchsal will be used to manufacture carbon fiber parts and electric propulsion units, as well as for final assembly of its family of eVTOL vehicles.
Working with industrial gas supplier Air Liquide, H2Fly is preparing for flight tests this summer aimed at doubling the range of an aircraft fitted with its fuel cell-based powertrain.
The start-up has opened California offices in San Jose and Irvine to more readily connect with U.S. partners and also to advance its plans to achieve FAA type certification in 2028.
U.S. First Lady Jill Biden and Secretary of Education Miguel Cardona made a visit to Beta Technologies in Vermont this week to see how the electric aviation company is investing in educational opportunities and workforce development.
Hanwha Aerospace is joining forces with advanced engineering company Stirling Dynamics to produce a key component of Vertical Aerospace’s four-seat eVTOL air taxi.
Newly released video from Horizon Aircraft shows the company’s half-scale Cavorite X5 eVTOL technology demonstrator conducting its first transition flight tests at the ACE Climatic Wind Tunnel in Oshawa, Ontario.
The Montreal-based start-up, which is developing a design for a piloted vehicle that could carry seven passengers up to 150 miles, is looking to select an electric propulsion system supplier.
The U.S. House of Representatives' consideration of the 2023 FAA Reauthorization Bill has prompted pointed discussion of whether the country's air safety regulator is fit to certify and regulate new types of aircraft.
The country's Civil Aviation Authority has also confirmed that it will adopt the Special Condition VTOL means of compliance developed by the European Aviation Safety Agency.
The company has reported technical progress in areas such as electric batteries, as well as growing numbers of provisional sales commitments for the LiliumJet.