What Happened
Electric Aviation Pioneer Expands Production and Certification Efforts
Vertical Aerospace has received a continued listing standard notice from the NYSE and has opened a new assembly centre for certification and production aircraft. The company has also appointed Fabrice Brégier, former Airbus Commercial Aircraft CEO, as Chair to accelerate commercialisation and defence strategy. Vertical Aerospace has announced financing commitments of approximately $100 million to advance certification and commercialisation. The company is also exploring electric air mobility with VIC Properties and has signed a strategic agreement with Saudi Arabia’s General Authority of Civil Aviation. This news was reported by Unknown Source.