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Bloomberg

Vertical Wins American, Avolon Orders, Plans to Go Public

(Bloomberg) — Vertical Aerospace Group Ltd., the developer of electric vertical takeoff and landing aircraft, won pre-order contracts of as much as $4 billion as it plans to go public through a merger with a blank-check company.American Airlines Group Inc., Virgin Atlantic Airways Ltd. and aircraft lessor Avolon Holdings Ltd. agreed to buy as many as 1,000 of the vertical takeoff and landing aircraft, or eVTOLs, from Vertical Aerospace, the company’s first commercial order, according to a state

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