The finance deal involves a new provisional funding agreement with a $130m (£102m) debt-to-equity swap with primary creditor Mudrick Capital. New York-based Mudrick will also provide up to $50m, half ...

Travel startups have raised nearly $1 billion so far in November. That includes 17 that raised nearly $636 million in the ...

After rotating its tires 90 degrees an electric car can move sideways like a crab and make spin turns making side parking and navigating tight space ...

The Next Generation Intra-theater Airlift programme aims to enhance the air force's existing airlift capability with a ...

Most airplanes in the world have vertical tails or rudders to prevent Dutch roll instabilities, a combination of yawing and ...

Shares of Archer Aviation Inc ($ACHR), a company specializing in electric vertical take-off and landing (eVTOL) aircraft, ...

German startup Vaeridion is pursuing a simpler, potentially cheaper, route to electric flight than cash-hungry eVTOLs.

The Heart X1 experimental electric aircraft developed in Sweden is gearing up to conduct its first flight at Plattsburgh ...

Manhattan's Downtown Heliport is getting ready for air taxis with a new operator set to invest in electric infrastructure.

The rescue deal comes at a crucial moment for Vertical, which has been burning through cash to bring its VX4 aircraft to ...