Vertical Aerospace said it has pre-orders for up to 1, 000 eVTOL aircraft with launch customers Avolon and American Airlines, along with a pre-order option from Virgin Atlantic, all valued at up to US$4 billion.
NEW YORK: Vertical Aerospace, an electric vertical takeoff and landing aircraft (eVTOL) maker backed by investors such as American Airlines, will go public through a merger with a blank-check firm in a deal valued at US$2.2 billion, the company said on Thursday.
Vertical Aerospace said it has pre-orders for up to 1, 000 eVTOL aircraft with launch customers Avolon and American Airlines, along with a pre-order option from Virgin Atlantic, all valued at up to US$4 billion.
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