Vertical receives pre-payment on 25 eVTOL planes Japan AAM use
UK advanced air mobility (AAM) company Vertical Aerospace says it has secured pre-payment for 25 of its VX4 electric takeoff and landing (eVTOL) planes from Japanese conglomerate Marubeni Corporation, which also reserved delivery of the craft when expected production begins somewhere toward the middle of the decade.
Vertical said the pre-payment and reservation accord on the 25 eVTOL planes was part of a larger deal it had concluded with Marubeni involving an option to buy up to 200 of the AAM craft. The transaction was an extension of the partnership the two companies initiated in September 2021, when they began research on and preparing for the various regulatory and operational aspects likely to be involved in next-generation aircraft transportation in Japan.
The deepening of their relationship leaves Vertical in an advantageous position to supply Marubeni the eVTOL fleet it will need to operate AAM services in Japan, which it is preparing to roll…