Vertical Aerospace's flight test demonstrated the electric VX4 aircraft's capability to carry passengers, marking a significant step amid funding challenges and upcoming regulatory hurdles.
The company's delay in achieving regulatory approval has pushed the timeline for its flying taxi service from 2025 to 2028, illustrating the difficulties faced in the industry.
Following a previous crash due to safety issues, Vertical has had to navigate investor negotiations which could lead to potential loss of control by its founder to a US hedge fund.
Stuart Simpson noted that despite ambitious plans and funding support, cautious regulators and suppliers have hindered their initial timelines, forcing a reassessment of strategic goals.
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