Hybrid eVTOLs Will Transform Air Ambulances in Ireland
Toronto, Canada – 13th January 2025 – Switching to hybrid electric Vertical TakeOff and Landing (eVTOL) aircraft will transform air ambulances in Ireland dramatically reducing transfer times for patients and cutting costs for operators, analysis* from New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”) shows. Hybrid eVTOLs, which […]
Horizon Aircraft Signs Letter of Intent with Discovery Air Chile Ltda., Expanding Global Presence of Cavorite X7 Hybrid eVTOLs
~ Horizon Aircraft Will Deliver 5 Cavorite X7s in 2028 ~ ~ The Cavorite X7 Provides a Cost-Effective Alternative to Traditional Helicopters with Twice the Speed and up 75% Lower Operating Costs ~ TORONTO, Jan. 10, 2025 (GLOBE NEWSWIRE) — New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the […]
Horizon Aircraft Secures $8.4 Million Strategic Investment
~ Deepens Investor’s Dedication to Horizon Aircraft Supporting Continued Operations and Development ~ Toronto, Canada, December 23, 2024 (GLOBE NEWSWIRE) – New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today it has received an investment […]
Horizon Aircraft Wins Industry Excellence Accolade at 2024 AIAC Aerospace Industry Awards
Toronto, Canada – 7th November 2024 – New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and developer of the world’s first hybrid eVTOL (electric Vertical Take-Off and Landing) that can fly most of its mission exactly like a normal aircraft powered by a […]
Horizon Aircraft Begins Full-Scale Development of eVTOL Aircraft, Accelerates Flight Tests, and Expands World-Class Team
Full Transition of Large-Scale Prototype by End of 2024 TORONTO, Sept. 09, 2024 (GLOBE NEWSWIRE) — New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced several key business and technical updates as the Company is steadily […]
Horizon Aircraft Appoints Tom Brassington as Chief Technology Officer
Tom Brassington joins from Lilium, bringing significant eVTOL industry experience TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) — New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and developer of the world’s first eVTOL (electric Vertical Take-Off and Landing) that can fly most of its […]
Horizon Aircraft Enters into Letter of Intent to Purchase $250M of Cavorite X7 Aircraft, with an Option for up to $500M
TORONTO, Jan. 16, 2024 (GLOBE NEWSWIRE) — New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today that it has entered into a Letter of Intent (“LOI”) with JetSetGo, a regional air operator servicing multiple mission […]
Horizon Aircraft Appoints Brian Merker as Chief Financial Officer Ahead of Anticipated Business Combination
~ Expands and Strengthens Leadership Team with Seasoned Public Company Finance and Aviation Industry Executive ~ Toronto, Canada, December 12, 2023 – Robinson Aircraft Ltd., doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, today announced the expansion of its leadership team with the […]
Horizon Aircraft Secures Investment from Canso Investment Counsel Ltd.
~ Private Placement of $6.7 Million CAD Defines Next Phase of Growth for Horizon, Supporting Go Public Trajectory ~ Toronto, Canada, December 7, 2023 — Robinson Aircraft Ltd., a hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer (“Horizon Aircraft”), has announced a strategic investment in the form of a convertible note purchased by certain […]