News and analysis covering cutting-edge aviation technology and business models, including zero-carbon propulsion, eVTOL aircraft, automation and autonomy, and new infrastructure.
Program engineers will assess operational costs, noise performance, ground infrastructure needs, and technical support for commercial aviation operators.
Operating losses for the first quarter of 2022 increased as the company has almost doubled its investment in research and development work, but it still holds $1.2 billion in cash and other capital on its balance sheet.
The company is combining its business with special purpose acquisition company Kensington Capital and hopes to raise $430 million with a New York Stock Exchange flotation.
The company raised $377 million from an initial public offering on the New York Stock Exchange, with dented trading conditions resulting in less than the anticipated $500 million plus return.