Lufthansa Aviation Hub Report Claims the SPAC eVTOL Bubble Has Burst
A new report from the Lufthansa Aviation Hub argues that initial public offerings backed by special-purpose acquisition companies (SPACs) have fallen out of favor recently, following a period early last year when they accounted for 90 percent of all money raised on public markets in the U.S. The German airline’s research arm spells out the reasons behind this claimed shift in fortunes and explains its significance to the advanced air mobility sector.
Air One Vertiport in the UK Gives a First Glimpse of Advanced Air Mobility Operations
The Air One facility opening this month at Coventry in the UK’s Midlands region will provide a glimpse of an inventive approach to accommodating operations by eVTOL aircraft and drones in urban areas. Vertiport developer Urban-Air Port is conducting the project in partnership with Hyundai’s advanced air mobility subsidiary Supernal, and beginning April 28, members of the public will have the opportunity to see for themselves what the future of transportation might look like.
New Concept of Operations Spells Out How Autonomous eVTOL Vehicles Could Operate Alongside Other Aircraft
It is not the first concept of operations (ConOps) to address plans for advanced air mobility services using eVTOL aircraft, but the document published by new partners Wisk Aero and Skyports appears to be the first to directly address fully autonomous operations produced for engagement with international stakeholders. In China, EHang evidently has had extensive engagement with the country’s regulators over its extensive plans for commercial aircraft with its EH216 and VT-30 families of Autonomous Aerial Vehicles.
Lilium's Latest Securities and Exchange Commission Filing Seeks To Inspire Patience In Investors
The headline news from Lilium's 20-F filing with the U.S. Securities and Exchange Commission on March 30 is that the company’s plans to bring its seven-seat Lilium Jet eVTOL aircraft into commercial service have slipped from 2024 to 2025. The full extent of the delay hasn't been confirmed as so much hinges on the revised plan to build the first production-conforming prototype and start test flights at some point in 2023.
EASA Publishes First Guidance on Urban Air Mobility Vertiport Design
The European Union Aviation Safety Agency published the world’s first guidance for the design of vertiports needed for the safe operation of Urban Air Mobility (UAM) services such as air taxis in locations across Europe, including in urban areas. The Prototype Technical Design Specifications for Vertiports offers guidance to urban planners, local decision-makers, and industry stakeholders to aid in the design of facilities that will serve VTOL aircraft, including eVTOL vehicles.
Iceberg Short-Selling Report Targets Lilium Mainly over Battery Claims for Ducted Fan eVTOL Design
Not for the first time, a prominent eVTOL aircraft developer has become the target of a short-selling report aimed at undermining its credibility with investors. Back in February 2021, Wolfpack Research triggered an acrimonious dispute (and apparently unresolved lawsuit) when it challenged China’s EHang. Just over 12 months later, on March 14, Iceberg Research published a report arguing that Germany’s Lilium is “the losing horse in the eVTOL race.”
New Study Predicts $325 Billion Market Boom for Autonomous Aircraft
Forecasters expect spending on the autonomous aircraft market to expand at a nearly 25 percent annual growth rate and reach $325 billion over the next two decades, as industries related to such activities as agriculture, firefighting, and telecommunications increasingly recognize the value of its applications, according to a report released on March 16 by the Aerospace Industries Association (AIA) and management consultants Avascent.
Industry Responds to FAA Draft Engineering Brief on Vertiport Design
Around 100 industry stakeholders gathered this week at Helicopter Association International’s Heli-Expo show in Dallas to review and comment on the FAA’s recently released draft engineering brief for a vertiport and vertistop design standard. The brief will eventually produce an FAA advisory circular for vertiports.
NTSB Investigators Publish Preliminary Report Into Joby eVTOL Flight Test Accident
On March 8, the U.S. National Transportation Safety Board issued a preliminary report on the February 16 accident involving the first of Joby's two full-scale prototype eVTOLs (tail number N542AJ) near Jolson, California. In a basic summary of confirmed facts, it says that at 9.58 a.m. the aircraft (designated JAS4-2) experienced an unspecified component failure over an uninhabited area during remotely piloted flight testing.
Asia Pacific Report Sees Slower Than Expected Start to Urban Air Mobility
Over a third of 500 respondents to a survey commissioned by Asian Sky Media for its first Asia-Pacific Urban Air Mobility report remain unconvinced that the new sector will become commercialized within the next five years, as many eVTOL aircraft developers are predicting. What's more, only 27 percent said they “fully trust” regulators to make the right decisions.