FutureFlight

A new report called Urban Air Mobility: Economics and Global Markets, jointly published by NEXA Advisors and the Vertical Flight Society, gives a clear summary of the potentially massive opportunities but equally massive challenges presented by the nascent market for eVTOL aircraft.

Ten aviation industry groups, led by the Vertical Flight Society, have jointly written to the U.S. government, urging it to continue its support for development of eVTOL aircraft and urban air mobility (UAM) initiatives. In a letter sent on November 13, 2019, the groups praise the Trump Administration for including the sector in a White House Policy Memorandum called Fiscal Year 2021 Administration Research and Development Budget Priorities. The letter promotes the opportunity for U.S.

With the green agenda rising in the UK's 2019 general election campaign, the UK Labour Party has indicated it would consider a ban on fossil-fuel powered private aircraft flights from 2025. The November 4 statement by shadow transport secretary Andy McDonald was in response to a new report calling for electric-only private aircraft flights published by environmental and economic pressure groups Fellow Travellers and Commonwealth. 

On October 31, EHang filed an F1 form with the U.S. Securities and Exchange Commission to prepare its planned Initial Public Offering (IPO) before the end of 2019. The company is aiming to raise $100 million from the IPO.