LIFT Aircraft Signs Deal with Warren Buffet Backed Marubeni Corporation

LIFT Aircraft Inc has officially entered into a strategic partnership with Marubeni Corporation (MARUY), a prominent Japanese general trading company, according to a statement released today.

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Marubeni Corporation, which boasts notable investment from renowned financier Warren Buffet’s Berkshire Hathaway, holds a substantial stake nearing 8% in the company. This alliance marks a significant development for both entities, further solidifying Marubeni’s presence in the global market.

Headquartered in Austin, Texas, LIFT Aircraft Inc has gained recognition for its innovative HEXA personal aerial vehicle. The company’s latest move involves collaborating with Marubeni to introduce the groundbreaking aircraft to the Japanese market. The Memorandum of Understanding (MOU) outlines their joint efforts, encompassing market research, regulatory negotiations, and even a pre-order option for up to 100 aircraft, pending approval by the…