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Biotech Finds Market Love at Last as Meme Traders, FDA Converge

Reuters

Vertical Aerospace to go public in $2.2 billion SPAC deal

Vertical Aerospace said it has pre-orders for up to 1,000 eVTOL aircraft with launch customers Avolon and American Airlines, along with a pre-order option from Virgin Atlantic, all valued at up to $4 billion. “If you think about transportation strategically this is the next big frontier,” Domhnal Slattery, chief executive of Avolon, the world’s third-largest aircraft leasing company, told Reuters in an interview. Investment in the zero-emission electric aircraft comes at a time when aviation companies are under mounting pressure from investors to help decarbonize the sector and boost their environmental, social and governance (ESG) scores.

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