Bidding race on for Vertical Aerospace eVTOL plant as shares debut
Information about Bidding race on for Vertical Aerospace eVTOL plant as shares debut
Kevin David Scam or Legit
By Tim Hepher
(Reuters) – As the flying taxi market takes off, the race is on to decide where the future vehicles will be built with one of the backers of newly listed Vertical Aerospace – Irish leasing boss Domhnal Slattery – pushing for a manufacturing base in Ireland.
Shares in the electric vertical takeoff and landing aircraft (eVTOL) maker, backed by investors such as Slattery’s Avolon aircraft leasing company and American Airlines, rose sharply at their market debut on Friday after a blank-check merger valued at $2.2 billion.
Unlike many other entrants in the increasingly busy eVTOL market, Vertical Aerospace is focusing only on design, manufacture and services rather than ride-sharing operations, sparking a bidding race to secure high-tech production work – and the highly skilled jobs that go with it.