Latest news with #HorizonAircraft
Sustainability Times
05-07-2025
- Automotive
- Sustainability Times
'They Actually Made This Fly': World's First Heli-Plane Takes Off Vertically and Hits Blistering Speeds of 280mph
IN A NUTSHELL 🚁 The Cavorite X7 is the world's first 'heli-plane', offering a revolutionary blend of helicopter and airplane capabilities. is the world's first 'heli-plane', offering a revolutionary blend of helicopter and airplane capabilities. 🌟 Featuring a fan-in-wing design , it achieves vertical takeoff and transitions to high-speed flight seamlessly. , it achieves vertical takeoff and transitions to high-speed flight seamlessly. 📦 With a cargo capacity of up to 1,500 lbs , it serves as an efficient solution for both passenger transport and logistics. , it serves as an efficient solution for both passenger transport and logistics. 💡 Promising 30% lower direct operating costs than traditional helicopters, it sets a new standard for economic and sustainable air travel. The aviation industry is on the brink of a revolutionary leap with the unveiling of the Cavorite X7, the world's first 'heli-plane'. This groundbreaking aircraft is setting new standards by combining the best features of helicopters and airplanes. It boasts the ability to take off vertically and achieve speeds of up to 280 mph. Developed by Horizon Aircraft, the Cavorite X7 is not just a marvel of engineering but a symbol of the future of air travel. As we explore the intricacies of this innovative machine, the potential applications and implications for the transportation sector are both exciting and profound. The Ingenious Design of the Cavorite X7 The Cavorite X7 is a testament to cutting-edge engineering, prominently featuring a fan-in-wing design. This unique configuration allows the aircraft to exhibit the agility of a helicopter while maintaining the speed of a conventional airplane. The 14 powerful lift fans embedded within its wings are the heart of this design, enabling the aircraft to perform vertical takeoffs with ease. Once airborne and at a safe speed, the aircraft's sliding panels conceal the fans, allowing the X7 to fly like a traditional plane using its gas-powered turbine engine. This seamless transition from vertical to horizontal flight is a significant achievement, underscoring the aircraft's versatility and efficiency. Moreover, the design eliminates the need for complicated mechanisms like multi-copter rotating nacelles or tilt-wing systems, which are common in other eVTOL (electric Vertical Take-Off and Landing) aircraft. This simplification not only enhances the aircraft's safety and stability but also reduces maintenance complexities. With multiple layers of redundancy built into the system, the Cavorite X7 promises a reliable and robust flight experience. 240 miles in 20 minutes: this mind-blowing Chinese hyperloop leaves Musk's vision in the dust Versatile Applications for Modern Needs The Cavorite X7 is poised to revolutionize short-distance travel, particularly in urban areas. Its ability to land on conventional runways or smaller helipads means it can access diverse locations, from hospitals to ski resorts. This flexibility makes it an ideal candidate for use as an 'air taxi', offering rapid and convenient transport in congested city environments. Imagine a future where you can summon an aerial Uber to whisk you across town, bypassing traffic and reducing travel time significantly. In addition to passenger transport, the Cavorite X7 can also serve as a cargo carrier, with a capacity of up to 1,500 lbs of cargo. This capability opens up possibilities for efficient logistics solutions, catering to industries that require swift and reliable transport of goods. Whether it's delivering medical supplies to remote locations or facilitating just-in-time manufacturing processes, the potential applications of this aircraft are vast and varied. 'China Unleashes Flying Bike': Futuristic Hoverbike Hits 44.7 MPH and Flies 31 Miles in Shocking Public Debut Economic and Environmental Impact With its innovative design, the Cavorite X7 is expected to offer significant economic advantages over traditional helicopters. Horizon Aircraft estimates that the X7 could achieve 30% lower direct operating costs for similar regional transport missions. This reduction in operational expenses makes it an attractive option for commercial operators looking to optimize their fleets. Moreover, by integrating advanced aerodynamics and fuel-efficient technologies, the X7 promises to be a more environmentally friendly option for air travel. Its capability to cover up to 500 miles with reserve fuel enhances its range and utility, making it suitable for a variety of missions without compromising on sustainability. In an era where reducing carbon footprints is crucial, the Cavorite X7 stands out as a forward-thinking solution that aligns with the global push towards greener aviation practices. Japan Plans 310,000-Ton Crude Oil Giant: World's Biggest Methanol-Powered Ship Set to Revolutionize Global Energy Transport The Future of Air Travel The introduction of the Cavorite X7 marks a pivotal moment in the evolution of air travel. As a pioneer in the eVTOL space, it sets a precedent for future developments in this field. The combination of vertical takeoff capabilities, high-speed travel, and versatile applications positions it as a key player in the modernization of transportation. As we look ahead, the potential for further innovation in this sector is immense. Could this technology pave the way for even more advanced aerial vehicles? Will we soon see a proliferation of similar designs from other manufacturers, perhaps even from tech giants like Elon Musk's ventures? The possibilities are endless, and the journey towards a new era of aviation has just begun. The Cavorite X7 is more than just an aircraft; it represents a vision of the future where air travel is faster, more efficient, and accessible to all. As we embrace this new technology, it's worth pondering: how will the advent of 'heli-planes' transform our daily lives and redefine our understanding of transportation in the coming years? Our author used artificial intelligence to enhance this article. Did you like it? 4.7/5 (26)
Yahoo
26-06-2025
- Business
- Yahoo
Horizon Aircraft Regains Compliance with Nasdaq Capital Market Listing Requirements
TORONTO, June 26, 2025 (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 one the world's first hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, announced today that it received notice from The Nasdaq Stock Market that the Company has regained compliance with the Nasdaq Capital Market's minimum bid requirement in Listing Rule 5550(a)(2) and that the matter is now closed. For more information about Horizon Aircraft, please see the Company's website or watch its innovative technology in action on the Company's YouTube channel. About Horizon Aircraft Horizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company that is developing one of the world's first hybrid eVTOL that is to be able to fly most of its mission exactly like a normal aircraft while offering industry-leading speed, range, and operational utility. Horizon Aircraft's unique designs put the mission first and prioritize safety, performance, and utility. Horizon intends to successfully complete testing and certification of its Cavorite X7 eVTOL and then scale unit production to meet expected demand from regional operators, emergency service providers, and military customers. Visit for more information. Contacts Investors:Matt Chesler, CFAFNK IR(646) 809-2183HOVR@ Media:Edwina Frawley-GangaharEFG Media Relations+44 7580 174672edwina@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Horizon Aircraft Partners with MT-Propeller for Hybrid eVTOL Propulsion
This agreement represents Horizon Aircraft's first major hardware commitment for the full-scale production aircraft, marking a pivotal milestone in the Company's transition from prototype to real-world implementation TORONTO, June 13, 2025 (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 one the world's first hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, announces a strategic partnership with MT-Propeller, a global leader in advanced propeller technology, to supply propellers for Horizon's hybrid turbine engine. This collaboration will leverage MT-Propeller's cutting-edge composite propeller expertise, delivering maximum speed, efficiency, and significant noise reduction for the Company's Cavorite X7 in development. The hybrid-electric aircraft, uniquely designed for both vertical takeoff and conventional runway operations, will benefit from MT's innovative, quiet, and high-efficiency propeller solutions. "Partnering with MT-Propeller underscores Horizon's commitment to delivering a superior flying experience," said Brian Robinson, Chief Engineer at Horizon Aircraft. "Together, we're setting new standards for range, speed, and efficiency with our regional eVTOL. In particular, MT-Propeller's world-leading low-noise design is well suited for operations around cities." Martin Albrecht, Managing Director of MT-Propeller, added, "We're excited to support Horizon Aircraft's vision with our certified propellers, enhancing performance and sustainability in the fast-evolving eVTOL market." This partnership marks a critical step toward certification and production readiness, accelerating Horizon Aircraft's journey to transform regional air mobility. For more information about Horizon Aircraft, please see the Company's website or watch its innovative technology in action on the Company's YouTube channel. About Horizon Aircraft Horizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company that is developing one of the world's first hybrid eVTOL that is to be able to fly most of its mission exactly like a normal aircraft while offering industry-leading speed, range, and operational utility. Horizon Aircraft's unique designs put the mission first and prioritize safety, performance, and utility. Horizon intends to successfully complete testing and certification of its Cavorite X7 eVTOL and then scale unit production to meet expected demand from regional operators, emergency service providers, and military customers. Visit for more information. Forward-Looking Statements The information in this press release contains certain 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'aim,' 'future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result' and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results (including, without limitation, the anticipated benefits of the Reverse Stock Split, including the effect the Reverse Stock Split will have on the Company's ability to regain compliance with the Nasdaq Listing standards) may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Horizon competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Horizon will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) the ability of the parties to recognize the benefits of the business combination agreement and the business combination; (iv) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (v) statements regarding Horizon's industry and market size; (vi) financial condition and performance of Horizon, including the anticipated benefits, the implied enterprise value, the expected financial impacts of the business combination, the financial condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Horizon; (vii) Horizon's ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (viii) successful completion of testing and certification of Horizon's Cavorite X7 eVTOL; (ix) the targeted future production of Horizon's Cavorite X7 aircraft; and (x) other factors detailed by us in the Company's public filings with the Securities and Exchange Commission, including the disclosures under the heading 'Risk Factors' in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2024, filed with the Securities and Exchange Commission ('SEC') on August 15, 2024, as amended on March 17, 2025, and the Company's Quarterly Reports on Form 10-Q filed with the SEC on October 10, 2024, January 14, 2025 and April 14, 2025 for the first, second and third quarters of fiscal year 2025, respectively, accessible at These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at some point in the future, it assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by applicable law. Horizon does not give any assurance that Horizon will achieve its expectations. Contacts Investors:Matt Chesler, CFAFNK IR(646) 809-2183HOVR@ Media:Edwina Frawley-GangaharEFG Media Relations+44 7580 174672edwina@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
03-06-2025
- Business
- Globe and Mail
How a father-son duo is leading Canada's electric aircraft race
In a tiny airport hangar outside Lindsay, Ont., Horizon Aircraft is quietly building one of the world's first hybrid electric vertical takeoff and landing (eVTOL) aircraft. Designed for search-and-rescue operations, tight landings, small groups and regional flights, Horizon's Cavorite X7 seats seven, including the pilot. It takes off and lands like a helicopter but travels at more than 450 kilometres an hour – more than twice the speed. The aircraft uses a hybrid electric engine, reducing fuel consumption and emissions and is capable of recharging midflight. In mid-May, the company hit a major milestone for the Cavorite X7 – a half-scale prototype – taking off vertically using its in-wing fans, then transitioning to forward movement. 'There's no other company in Canada that's doing this like we are,' says Brandon Robinson, chief executive officer and co-founder of the aerospace startup. 'In 24 months, we'll have a full-scale prototype ready to begin flight testing.' Mr. Robinson co-founded the company in 2013 alongside his father, Brian Robinson, Horizon's chief engineer. The Cavorite X7 is the sum of his 20 years of experience as a Royal Canadian Air Force pilot and his father's 50-plus years flying and building aircraft as an engineer. The father-son team is tapping into a burgeoning market. Canada's aviation sector has set a climate goal to reduce greenhouse-gas emissions to net-zero by 2050. Doing so will require developing and adopting new green aerospace technology, including transitioning to electric, hybrid and hydrogen propulsion. According to Global Market Insights, the eVTOL market is forecast to grow from US$772-million to US$11.75-billion by 2034. But the eVTOL industry is still in its infancy, says JR Hammond, executive director of the Canadian Advanced Air Mobility, a federal not-for-profit consortium supporting the AAM industry in Canada. Currently, battery-powered electrification is limited to small aircraft and short flights. 'We don't have a lot of entrepreneurial solutions being developed in Canada,' Mr. Hammond says. 'Horizon and one other in Quebec are our leaders right now.' Given the industry's infancy, investors have been hesitant. In February, Lilium, a German-based eVTOL manufacturer, filed for insolvency after funding fell through. The company was considered a front-runner in the space. Volocopter, another German eVTOL maker, also filed for insolvency and stopped operations earlier this year. Horizon is taking a more grounded approach. Mr. Robinson says they've focused on building a hybrid eVTOL to capitalize on that transitional market, moving toward full electrification as the technology evolves. 'There's a big market gap here where [there are] a bunch of concepts that'll fly, 50 to 100 kilometres,' he says. 'Ours will go 500 kilometres.' The smaller battery size, which only accounts for 40 per cent of the weight, means it can carry more. Mr. Robinson envisions it as a lower-emission solution to a helicopter in some scenarios. 'If you're doing that mission from spot A to spot B and need to get in and out of a tight spot, you would 100 per cent buy our aircraft,' he says. Mr. Hammond says Horizon has found the right target market in supporting emergency medical and rescue operations. 'Today [these types of operations] are done by very inefficient old aircraft and taxpayer dollars for flying up to the remote North, delivering one passenger, a couple medical materials, groceries, et cetera,' he says. 'Bringing in an electric solution that could operate at one-tenth of the cost can radically change how we move people, goods and services across our country.' Horizon is manufacturing a full-scale version of its hybrid eVTOL aircraft at its hangar in Lindsay. The company has around 30 employees. 'We're an all-Canadian company,' Mr. Robinson says. 'We're trying to keep our supply chain as Canadian as possible and we would [commercially] manufacture in southern Ontario.' John Carswell, a former pilot and CEO and chief investment officer at Canso Investment Council, was an early financial backer of Horizon. As of 2023, Canso had invested $6.7-million into the eVTOL maker. Horizon is also listed on the NASDAQ under the ticker 'HOVR.' Mr. Carswell, an aviation aficionado, says Canada has a deep legacy of building innovative aircraft. It also has a legacy of letting good ideas fail. 'Their big challenge will be getting into commercial production. … It's not an easy thing to do, and it's a new category – aircraft are very sophisticated, hard to produce and hard to get licensed,' Mr. Carswell says. '[But] I think they've got a good shot at it.' For Horizon, the emphasis is on recruiting top talent. In February, the company hired John Wyzykowski, former head of propulsion at Lilium, as a technical expert. Its chief technical officer, Tom Brassington, also comes from Lilium. 'These are legitimately top-10-in-the-world folks that are coming to do some work, not to mention some epic Canadians that we've picked up,' Mr. Robinson says. '[They've] been in electrification right from the beginning and have world-class skills.' Horizon is currently in talks with partners, including defence contractors, a major helicopter manufacturer and the U.S. Department of Defense. Mr. Robinson says the company has enough funding for the next 12 to 18 months. 'But these are capital-intensive projects,' he says. There are also the technical hurdles it's still working through. 'There is a lot of patented technology [in the Cavorite X7] but we're proving it out at full scale,' Mr. Robinson says. 'This has never been done before. We're really excited about how it's all come together.'
Scottish Sun
21-05-2025
- Automotive
- Scottish Sun
World's first ‘heli-plane' that takes off vertically & transforms into jet to whisk passengers away at 280mph
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE world's first 'heli-plane' is a glossy mini-jet, capable of ferrying six passengers at 280mph for stylish short-haul travel. And it just hit a major milestone. Sign up for Scottish Sun newsletter Sign up 6 It flies just like a conventional aircraft, but it takes off and lands vertically like a helicopter Credit: Horizon aircraft 6 The mini-jet has 14 fans embedded within its wings that along it to hover off the ground Credit: Horizon aircraft The Cavorite X7, from Horizon Aircraft, made aviation history earlier this month when it became the first electric vertical take-off and landing aircraft (eVTOL) to achieve a stable wing-borne flight transition using a fan-in-wing design. It flies just like a conventional aircraft, but it takes off and lands vertically like a helicopter. The mini-jet has 14 fans embedded within its wings that allow it to hover off the ground. Before a gas-powered turbine engine pushes the aircraft forward like a normal plane. Brian Robinson, chief engineer and co-founder of Horizon, said: "This incredible achievement validates our unique and robust approach to the transition phase of flight. "In our aircraft, the transition phase was designed from the beginning to be a non-event, as there are no complicated multi-copter rotating nacelles or heavy tilt-wing mechanisms, and we have multiple layers of redundancy. "The result is an extremely safe and stable transition, a vital part of eVTOL operations, and an area in which many of our competitors have faced serious challenges." 6 eVTOLs are expected to work particularly well in urban areas, and some are being sold as 'air taxis' so people can Uber around the skies Credit: Horizon aircraft Many startups around the world are working on eVTOL jets and heli-planes for short-haul flights. They are expected to work particularly well in urban areas, and some are being sold as 'air taxis' so people can Uber around the skies. World's first private jet that can fly 9,000 miles non-stop to launch across US and Europe after breaking records Horizon appears to be yet another company trying to muscle in on the air taxi market. The Canadian aerospace engineering firm believes there are several applications for these jets to be used across civilian life. Though they could also be used in defence, the company says, such as quick rescue missions in hard-to-reach areas. The benefits of the vertical lift means the Cavorite X7 doesn't need a runway to get to you - only a flat surface and an open sky. Almost any H1-H3 rated helipad, aircraft carrier, hospital roof - or even ski resort - could act as a takeoff area for the Cavorite X7. Just as long as the final approach and takeoff area is 1.5 times the overall length of the jet itself, and the touchdown and lift-off area weight isn't exceeded. With a maximum gross weight of 5,500lbs (2,500kg), it can carry a fair bit of luggage - or up to 1,500lbs (680kg) of cargo for vertical takeoffs. It can carry slightly more for conventional runway launches, with a max weight of 1,800lbs (815kg). Horizon says the hammerhead-style jet will be capable of a 288mph cruising speed with an impressive 500mile (800km) range with reserves - which is much further than some competitors. 6 The jet could also be used in defence, says Horizon, such as quick rescue missions in hard-to-reach areas Credit: Horizon aircraft 6 Almost any H1-H3 rated helipad, aircraft carrier, hospital roof - or even ski resort - could act as a takeoff area for the Cavorite X7 Credit: Horizon aircraft
