Air-taxi maker Vertical completes phase one testing of prototype [Yahoo! Finance]
JAPAN AIRLINES UNSP/ADR (JAPSY)
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Source: Yahoo! Finance
The VX4 has 1,500 pre-orders worth $6 billion from companies including Virgin Atlantic, American Airlines and Japan Airlines. The phase one testing included multiple piloted tethered flights and ground runs, completing a total of 70 individual test points that is needed to validate the prototype's safety in real-world flight scenarios. The company is now preparing for phase two testing, which will involve taking-off and landing vertically and conducting low-speed flight maneuvers with lift generated by the propellers. Founded in 2016, Vertical is developing a piloted, four-passenger electric vertical take-off and landing (eVTOL) aircraft. The company's founder, Stephen Fitzpatrick, missed a previously agreed deadline to inject a portion of cash he had promised into the eVTOL maker, Bloomberg reported earlier this month. Without additional funding, Vertical risks running out of cash by March 2025, the report added. "Vertical remains in ongoing discussions with Stephen. Ste
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