Flotation values company at $2.2bn despite the fact its eVTOL aircraft is still to make its first test flight
A UK startup that makes flying taxis is to float on the New York stock exchange as Virgin Atlantic and American Airlines placed orders for as many as 1,000 of its prototype electric aircraft.
Vertical Aerospace, which is based in Bristol, said its electric vertical takeoff and landing aircraft (eVTOL) could be in service by 2024, once safety regulators certify it. Developers believe eVTOLs will transform urban transport, offering on-demand flights in and between cities more quietly, cheaply and safely than helicopters.
