Story ID: 
Luxaviation Signs MoU with Flugauto
By: Alexa Rexroth
Caption: Luxaviation has signed a memorandum of understanding with the VTOL startup company. 
Word Count: 223
Luxaviation has signed an MoU with Flugauto to help provide regulatory, safety, and training-management services to the VTOL startup company. Flugauto’s company vision includes development of the technology, operations, and infrastructure associated with its VTOL vehicle and its ability to deliver goods. The startup hopes the partnership with Luxaviation will help to deploy its VTOL platform into the European market.

While discussions surrounding the VTOL market continue, Luxaviation noted existing hurdles within the industry. “The VTOL business, which is changing the way we perceive logistics, mobility in general and specifically aviation, is technically advanced in hardware manufacturing and the development of applications, but the [VTOL] industry lacks knowledge and experience of regulations, pilot training, and safety quality management,” said Luxaviation CEO Patrick Hansen. “Luxaviation can close this loophole with certified services, enabling Flugauto and the VTOL industry to provide a seamless and state-of-the-art service offer.” 

According to Luxaviation, the company’s entry into the VTOL market is a natural extension of its current offerings. “We are thrilled to contribute to the innovative VTOL market and help develop the evolution of logistics, mobility, and aviation worldwide,” said Christophe Lapierre, chief commercial officer of Luxaviation. “Entering the VTOL market and developing it as an additional business line, after private jet and helicopter aircraft operations, is a logical consequence.”