Horizon Aircraft
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Press Releases
Horizon Aircraft Successfully Completes Hover Testing of VTOL Aircraft Prototype
Horizon Aircraft (“Company” or “Horizon”), an innovative leader in hybrid electric Vertical Take-off and Landing (VTOL) aerial vehicles, announced today that it has successfully completed initial hover testing of its “Cavorite X5” scale prototype. Brandon Robinson, CEO of Horizon Aircraft said, “this aircraft has exceeded expectations during initial hover testing. It is extremely stable, is capable of full hover at…
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Press Releases
Astro Aerospace Ltd. Acquires Horizon Aircraft Inc. and Appoints Horizon CEO and Co-Founder Brandon Robinson as President
Astro Aerospace Ltd. (OTCQB: ASDN) (“Astro” or the “Company“), a developer of eVTOL aerial vehicles and drones, announced today that the acquisition agreement (the “Acquisition“) with Horizon Aircraft Inc. (“Horizon“), a privately held developer of advanced eVTOLs, has closed. The Acquisition was completed for common shares of Astro stock, the material terms of which are disclosed in the Company’s related…
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Press Releases
Astro Aerospace Announces Definitive Agreement to Acquire Horizon Aircraft
Astro Aerospace Ltd. (OTCQB: ASDN) (“Astro” or the “Company”), a developer of eVTOL aerial vehicles and drones, and Horizon Aircraft Inc. (“Horizon”), a developer of advanced eVTOLs, have entered into an agreement under which Astro will acquire privately held Horizon for five million common shares of Astro stock, the material terms of which are disclosed in the Company’s related 8-K…
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Press Releases
MOST eVTOL AIRCRAFT WILL STRUGGLE TO SECURE AFFORDABLE INSURANCE
Most eVTOL aircraft seeking to become commercially operational will fail to secure insurance at an affordable price as they will be unable to meet the requirements of insurers, which includes providing them enough data for their underwriters to assess the risks. This is the view of Horizon Aircraft, the advanced aerospace engineering company that has developed the Cavorite X5, the…
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