American Airlines joins the eVTOL bandwagon – places orders for 50 Vertical Aerospace eVTOL aircraft

UK-based eVTOL manufacturer Vertical Aerospace has announced that it has secured delivery slots and pre-delivery payments from American Airlines Group Inc for 50 electric vertical takeoffs and landing (eVTOL) aircraft, lifting its shares as much as 71%.

According to Vertical Aerospace, it has pre-orders for up to 1,000 eVTOL aircraft with Avolon and American Airlines being its launch customers, along with a pre-order option from Virgin Atlantic, all valued at up to $4 billion.

Representative | Airways Magazine

We are delighted to have reached this major milestone with American Airlines on our eVTOL partnership. Together, we are making zero emissions flight a reality for passengers travelling all over the world. We look forward to continuing our work with American and seeing the first red, white and blue VX4 come off the production line

Stephen Fitzpatrick, Founder & CEO of Vertical
Stephen Fitzpatrick | The Marque

American Airlines had agreed to pre-order up to 250 of Vertical’s eVTOL aircraft in a $1 billion deal last year, with an option to buy 100 more. The airlines have now set aside delivery dates for the first 50 VX4 eVTOL aircraft.

The faster, quieter, greener and cheaper VX4 eVTOL aircraft

TransportUp

Touted to carry a pilot and four passengers, it can clock speeds over 200mph, is near silent when in flight, has zero emissions and low cost per passenger mile.

Next-generation flight controls

Reportedly, it will feature the same flight technologies as the F35- the only supersonic VTOL aircraft, making it all the easier to fly with high levels of automation and reduced crew workload.

World’s lightest and safest electric powertrain

Co-developed with Rolls Royce, it features the world’s lightest and safest electric powertrain.

With a low acoustic profile and certified to the same standard as commercial airliners, this will be the first commercial aircraft most people will fly on that has a zero carbon footprint-according to Vertical.

Our partnership with Vertical is a great example of progress in our engagement to reducing emissions throughout our airline and the industry. We have made great strides in simplifying our fleet with newer and more fuel-efficient , and are proud to take part in another step toward the development of advanced air

Said American’s Chief Financial Officer Derek Kerr
Derek Kerr | Dallas Morning News

Europe’s top regulator said last month the region could see the first flying taxis enter service as early as 2024.

SOURCE(s)

COVER: Vertical Aerospace

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