New Horizon Aircraft Ltd (HOVR) - Targeting Regional Air Mobility Market, PT at US$2

982 Views16 May 2025 12:35

Issuer-paid

SUMMARY

New Horizon Aircraft is a Canada-based aviation company specializing in the development of hybrid electric Vertical Takeoff and Landing (eVTOL) aircraft
HOVR's flagship aircraft, the Cavorite X7 is likely to be commercially available in the next 24 to 36 months. HOVR has already completed the development of a 50%-scale prototype.
The timeline looks achievable, and the Company has already committed to supplying five Cavorite X7 to Air Chile Ltd by the end of 2028.

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