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Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering electric aviation, today welcomes the UK Department for Transport's announcement that funding has been awarded to projects working on next-generation zero-emission aircraft and the development of vertical take-off and landing technology.
Among the initiatives receiving support is the "OxCam AAM Corridor" demonstrator, which is bringing together the expertise of Skyports, Bristow Helicopters, NATS, Vertical Aerospace and Oxfordshire County Council, with the aim to accelerate the transition of Advanced Air Mobility (AAM) from trials to commercially viable, regional operations within the UK. The project will culminate in planned test flights by Vertical Aerospace's VX4 aircraft.
Invested as part of the government's Future Flight programme, delivered by Innovate UK, the funding is designed to secure the UK's global leadership in the future of aviation.
Posted In: EVTL
