The two companies announced ordered up to 500 electric eVTOL aircrafts for more than USD 2 billion.
Avalon and Vertical Aerospace will collaborate to develop and help the certification of the VA-X4 eVTOL. Meanwhile, Avolon will join Microsoft, Rolls-Royce, Honeywell, and American Airlines as equity investors in Vertical, working also with Virgin Atlantic who will be a VA-X4 launch airline customer in Europe.
The order highlights Avalon’s committment to become a leader and innovator in the industry.