Vertical Aerospace

Vertical Aerospace Announces Release of Shareholder Letter and Filing of Annual Report on Form 20-F

Retrieved on: 
Thursday, March 14, 2024
Air, Transport, Aerospace, Manufacturing, Annual, Certification, Letter, Aviation, Vertical Aerospace, CAA, Bank statement, DOA, Chapel Street, Melbourne, Annual report, Unit, Shareholder

Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, announces today that it has released its full year 2023 Annual Report, including its financial results, alongside its latest Shareholder Letter.

Key Points: 
  • Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, announces today that it has released its full year 2023 Annual Report, including its financial results, alongside its latest Shareholder Letter.
  • Vertical’s Annual Report is accessible on the Company’s investor relations website and on the SEC’s website at www.sec.gov while the Shareholder Letter can be accessed here .
  • Commenting on the Annual Report, Stephen Fitzpatrick, founder and CEO of Vertical Aerospace commented:
    "I have never been more confident in Vertical, in our team and our technology.
  • Vertical will provide a hard copy of the Annual Report containing its audited consolidated financial statements, free of charge, to its shareholders upon request.

Vertical Wins New UK Government Backing to Transform the Future of Flight

Retrieved on: 
Tuesday, February 20, 2024
Technology, Other Energy, Aerospace, Manufacturing, Finance, Other Transport, Energy, Professional Services, Air, Transport, Research, Public Transport, Hardware, Science, Innovation, Air travel, DBT, University, Aviation, Noise, Vertical Aerospace, Travel, Government, UK Research and Innovation, City, Business, Knowledge, Heart, Innovate UK, Cranfield University, Pharmaceutical industry

The project is the third awarded to Vertical by the ATI Programme and brings total UK Government grant funding to £37 million ($47 million).

Key Points: 
  • The project is the third awarded to Vertical by the ATI Programme and brings total UK Government grant funding to £37 million ($47 million).
  • Vertical is pioneering these efforts through the VX4, with a new, more advanced and full-scale prototype currently in production.
  • Vertical has previously been awarded £26m from the ATI Programme as well as £3m from the Future Flight Challenge.
  • The latest ATI Programme grant brings total UK Government support to £37m.

ATSG Raises Over $317,000 with Charity Golf Outings

Retrieved on: 
Tuesday, December 12, 2023
Other Philanthropy, Environmental, Social and Governance (ESG), Defense, Other Education, Finance, Education, Transportation, Professional Services, Health, Philanthropy, Travel, Other Transport, Golf, General Health, Veterans, Fund Raising, Foundation, Air, Transport, Sports, Aerospace, Logistics, Supply Chain Management, Manufacturing, Aircraft, Astral, Stellar, AMS, Aviation, Engine, Vertical Aerospace, AAR, Atmosphere of Earth, Golf club, Air Transport Services Group, Multimedia, Raya Airways, Airbus, GE Aviation, Lufthansa Technik, Modification, Metal, Cargojet, CTS, ATSG, Boeing

Air Transport Services Group raised more than $317,000 during their charity golf series held this year.

Key Points: 
  • Air Transport Services Group raised more than $317,000 during their charity golf series held this year.
  • Proceeds will be distributed by the ATSG Charitable Foundation with a focus on supporting education, veteran, and wellness programs.
  • View the full release here: https://www.businesswire.com/news/home/20231212037911/en/
    ATSG raised more than $317,000 for charity during three golf tournaments in 2023.
  • (Photo: Business Wire)
    The outings were held at Countryside Country Club in Tampa, Fla., Elks 797 Golf Club and Snow Hill Country Club in Wilmington, Ohio.

Hanwha Aerospace, Vertical Aerospace expand eVTOL Aircraft Partnership

Retrieved on: 
Thursday, October 26, 2023
United Kingdom, Vertical Aerospace, NYSE, Urban Air Mobility, ADEX, Multimedia, Partnership, EMA, UAM, JAL, Blade pitch, Airline, Hanwha Group, American Airlines, Vertical

SEOUL, South Korea, Oct. 26, 2023 /PRNewswire/ -- Hanwha Aerospace ("Hanwha"), a leading aircraft engine and advanced machinery manufacturer, and Vertical Aerospace (NYSE:EVTL) have signed an agreement to collaborate on the design, testing, manufacture, and supply of tilt and blade pitch control system for Vertical's VX4 electric aircraft.

Key Points: 
  • SEOUL, South Korea, Oct. 26, 2023 /PRNewswire/ -- Hanwha Aerospace ("Hanwha"), a leading aircraft engine and advanced machinery manufacturer, and Vertical Aerospace (NYSE:EVTL) have signed an agreement to collaborate on the design, testing, manufacture, and supply of tilt and blade pitch control system for Vertical's VX4 electric aircraft.
  • Following the signing of a contract with Vertical last year for the development of EMA (Electro-Mechanical Actuation), Hanwha and Vertical expanded the scope of the agreement during the Seoul International Aerospace & Defense Exhibition (ADEX 2023).
  • The VX4 aircraft, which is being developed by Vertical Aerospace is a one pilot, four passenger aircraft, targeting Type Certification towards the end of 2026.
  • Hanwha intends to achieve the most stringent global airworthiness certification standards for eVTOL aircraft by developing and supplying mass-production actuations and mechanical systems.

InfluxData Announces InfluxDB Clustered to Deliver Time Series Analytics for On-Premises and Private Cloud Deployments

Retrieved on: 
Wednesday, September 6, 2023
Networks, Internet, Data Management, Technology, Software, Cloud, Vertical Aerospace, Database, SSO, SQL, ABAC, RedMonk, Software engineering, InfluxDB, Apache, Apache Arrow, Architecture, Ecosystem, TCO, Environment, Information technology, Video game, Computer data storage, European XFEL

InfluxData , creator of the leading time series platform InfluxDB, today announced InfluxDB Clustered , its self-managed time series database for on-premises or private cloud deployments.

Key Points: 
  • InfluxData , creator of the leading time series platform InfluxDB, today announced InfluxDB Clustered , its self-managed time series database for on-premises or private cloud deployments.
  • With the release of InfluxDB Clustered, InfluxData completes its commercial product line developed on InfluxDB 3.0 , its rebuilt database engine optimized for real-time analytics with higher performance, unlimited cardinality, and SQL support.
  • InfluxDB Clustered is the evolution of InfluxDB Enterprise, InfluxData’s long-standing enterprise software product for on-premises and private cloud environments.
  • Together, InfluxDB Cloud Dedicated and InfluxDB Clustered give enterprises multiple options in how they manage and scale time series workloads, whether in the cloud, in their own environment, or in combination for hybrid environments.

Vertical Aerospace Announces First Half-Year 2023 Financial Results

Retrieved on: 
Thursday, August 3, 2023
Air, Transport, Aerospace, Manufacturing, Transportation, Travel, Vertical Aerospace, Maintenance, Interim, CAA, Noise, Vertical, AAM, Japan Civil Aviation Bureau, FAA, Certification, The Company, Stuart, Lifting, Ecosystem, FTSE, Letter, EASA, NYSE, General Motors, Royal Mail, Aircraft, Airline, Cryptocurrency

Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the six months ended June 30, 2023.

Key Points: 
  • Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the six months ended June 30, 2023.
  • “We have seen fantastic momentum at Vertical in the first half of 2023 across our testing, certification, and commercial efforts.
  • We are maintaining our disciplined spend with a £36m net operating loss for the first half of 2023.
  • In July 2023, Vertical announced the appointment of Stuart Simpson as Chief Financial Officer, joining in September 2023.

Urban Air Mobility Market worth $28.5 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, June 22, 2023
Aircraft, Hydrogen, Vertical Aerospace, Component, Combat, Boeing Passenger Air Vehicle, Defense, Flat-twin engine, Hydrogen Electric Racing Federation, ISR, Air medical services, Personal air vehicle, Civil, Entity component system, Cargo, Dallas CBD Vertiport, Textron, City, Growth, Commercial, Ecosystem, Transport, UAM, Vector (mathematics and physics), Rotorcraft, Pet industry, Health care, Software, Platform, Agriculture, Region

The infrastructure segment is projected to grow at the highest CAGR in the urban air mobility industry during the forecast period.

Key Points: 
  • The infrastructure segment is projected to grow at the highest CAGR in the urban air mobility industry during the forecast period.
  • The autonomous segment is projected to grow at the highest CAGR in the urban air mobility market during the forecast period.
  • The ridesharing companies' segment is projected to grow at the highest CAGR in the urban air mobility market during the forecast period.
  • Various technological advancements, increased demand for efficient transportation, and government support have propelled the expansion of urban air mobility in this region.

Urban Air Mobility Market worth $28.5 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, June 22, 2023
Aircraft, Hydrogen, Vertical Aerospace, Component, Combat, Boeing Passenger Air Vehicle, Defense, Flat-twin engine, Hydrogen Electric Racing Federation, ISR, Air medical services, Personal air vehicle, Civil, Entity component system, Cargo, Dallas CBD Vertiport, Textron, City, Growth, Commercial, Ecosystem, Transport, UAM, Vector (mathematics and physics), Rotorcraft, Pet industry, Health care, Software, Platform, Agriculture, Region

The infrastructure segment is projected to grow at the highest CAGR in the urban air mobility industry during the forecast period.

Key Points: 
  • The infrastructure segment is projected to grow at the highest CAGR in the urban air mobility industry during the forecast period.
  • The autonomous segment is projected to grow at the highest CAGR in the urban air mobility market during the forecast period.
  • The ridesharing companies' segment is projected to grow at the highest CAGR in the urban air mobility market during the forecast period.
  • Various technological advancements, increased demand for efficient transportation, and government support have propelled the expansion of urban air mobility in this region.

Dassault Systèmes to Showcase Sustainable Innovation with the 3DEXPERIENCE Platform at the Paris Air Show 2023

Retrieved on: 
Tuesday, June 13, 2023
Other Defense, Electronic Design Automation, Data Management, Apps, Applications, Technology, Defense, Other Manufacturing, Engineering, Air, Transport, Other Technology, Aerospace, Manufacturing, Workforce, Vertical Aerospace, 3D, Aviation, Ageing, Dragonfly, Carbon, Paris Air Show, PLM, Dassault Group, Dassault Aviation, Safran, Euronext Paris, Product lifecycle, DSY, Arms industry, Airbus

Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) (Paris:DSY) today announced a full program of demonstrations and discussions at the Paris Air Show June 19-25, 2023 that will showcase how its 3DEXPERIENCE platform is unleashing sustainable innovation in the aerospace and defense industry.

Key Points: 
  • Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) (Paris:DSY) today announced a full program of demonstrations and discussions at the Paris Air Show June 19-25, 2023 that will showcase how its 3DEXPERIENCE platform is unleashing sustainable innovation in the aerospace and defense industry.
  • At its chalet B159 and booth D170 in hall 2B, Dassault Systèmes will delve into the latest industry challenges and examine how the industry uses the 3DEXPERIENCE platform to decarbonize commercial aviation while managing production ramp-up, support defense modernization, accelerate new space innovations, and upskill the workforce.
  • “Today’s industry is experiencing a paradigm shift, where it needs to meet short term goals while accomplishing long-term objectives in sustainability,” said David Ziegler, Vice President, Aerospace and Defense Industry, Dassault Systèmes.
  • “At the Paris Air Show, we will examine this shift with industry thought leaders and demonstrate how our 3DEXPERIENCE platform is leading the industry’s transformation toward a more sustainable and innovative future.”
    Dassault Systèmes’ 3DEXPERIENCE platform, 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions: http://www.3ds.com
    Unleashing sustainable innovation at the #ParisAirShow: @Dassault3DS to showcase the #3DEXPERIENCE platform

Avolon: 2022 Full Year Results

Retrieved on: 
Thursday, February 9, 2023
Transport, Air, Upsizing (database), IAI, Vertical Aerospace, Sustainalytics, Airbus A330neo, Pressure, Total, Malaysia, Growth, Aircraft, Renting, Financial services, Airline, COVID-19, Malaysia Airlines

“Momentum in global aviation continued throughout 2022 and we worked closely with our customers to support their demand for aircraft.

Key Points: 
  • “Momentum in global aviation continued throughout 2022 and we worked closely with our customers to support their demand for aircraft.
  • Our financial performance was strong, with a five-fold increase in adjusted net income and 9% growth in lease revenue.
  • Operating cashflow was 35% higher than 2021 and also ahead of our pre-pandemic cashflow in 2019.
  • A non-cash impairment charge on aircraft in Russia impacted our reported performance but the underlying financial strength of our business is clear.