LONDON & NEW YORK--(BUSINESS WIRE)--Apr 6, 2026--
Vertical Aerospace (“Vertical” or “the Company”) (NYSE: EVTL), a global aerospace and technology company pioneering electric aviation, today announced a landmark achievement in aviation history: piloted thrustborne transition by a full-scale eVTOL aircraft, taking off vertically like a helicopter and transitioning seamlessly into wingborne flight like a fixed-wing aircraft.
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This milestone unlocks the defining capability of eVTOL aviation and places Vertical at the forefront of the global advanced air mobility industry.
This marks a first for a piloted, full-scale eVTOL aircraft of this class operating under the oversight of the UK Civil Aviation Authority (CAA), which is working in close collaboration with the European Union Aviation Safety Agency (EASA) toward certification of Vertical’s electric aircraft, Valo.
This is the most significant technical milestone in Vertical’s ten-year history and represents the completion of the first half of the two-way transition sequence. In two-way transition, the aircraft takes off vertically, flies on the wing, and then decelerates to land vertically — without the need for a runway, enabling seamless point to point flight from helipads, vertiports and rooftops.
On April 2 nd, 2026, Test Pilot Paul Stone flew the transition sequence at Vertical’s Flight Test Centre at Cotswold Airport. The aircraft took off vertically before the front propellers tilted forward, enabling a smooth acceleration into wingborne flight as the rear propellers stowed, followed by a conventional runway landing.
This flight demonstrates the aircraft’s ability to perform one of the most complex challenges in aviation: transferring lift from propellers to wings in real-world conditions, at full scale.
This milestone was achieved concurrently with Vertical announcing an agreement in principle for a financing package of up to $850 million on March 30 th, 2026, to provide immediate capital and access to additional flexible capital as the Company continues to progress towards type certification and the commencement of commercial operations.
A systematic approach towards two-way transition
This achievement builds on nearly two years of piloted flight testing under strict regulatory oversight. During this time, the aircraft has demonstrated all key phases of eVTOL flight, including hover, vertical take-off, wingborne flight, and vertical landing. Additional milestones include the first winged eVTOL flight in open European airspace and an airport-to-airport flight at the Royal International Air Tattoo.
Vertical is systematically expanding the transition envelope from both ends — accelerating from hover and decelerating from wingborne flight — with this latest flight completing the former.
Supporting certification
Each expansion of the flight envelope is conducted under a strict Permit to Fly regime and contributes directly to the certification path for Valo, Vertical’s commercial aircraft.
Every test flight is supported by extensive structural testing, systems validation, simulator work, and the submission and review of detailed evidence to regulators before progressing further.
Stuart Simpson, Chief Executive Officer at Vertical Aerospace, said: “This marks a turning point not just for Vertical Aerospace, but for the entire advanced air mobility industry. Achieving piloted thrustborne transition under active regulatory oversight — alongside the recently announced financing package — demonstrates that we have solved the hardest engineering challenges, have the regulatory relationships to complete certification, and now have the financial foundation to see this through to commercial service.”
David King, Chief Engineer at Vertical Aerospace, said: “Completing this piloted transition milestone is a profound achievement and the result of years of engineering innovation and disciplined test execution. The aircraft performed exactly as designed, transitioning smoothly and under full control — proving the core elements of Vertical’s distributed electric propulsion and tiltrotor technology at full scale, in real flight conditions. This is not yet final mission accomplished, but it is a pivotal technical proof point on our path to two-way transition.”
Paul Stone, Test Pilot at Vertical Aerospace, said: “This aircraft was made to transition. From the moment the front propellers tilted and the aircraft began to accelerate, the response was exactly as the simulation predicted — smooth, stable, and fully under control throughout. What the engineering team has built here is genuinely extraordinary. The aircraft handled the transition with a level of confidence that gives me great optimism for everything that comes next.”
Vertical’s piloted flight test programme explainer:
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions, designed to fly up to 100 miles at speeds of up to 150 mph. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo, Evolito, Isoclima and Aciturri, with its own proprietary battery and propeller technology to develop the world's most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical's experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward‑looking statements, including, without limitation, statements regarding: the Company's path to and expected timing of certification milestones including transition flight of the Valo aircraft; the business strategy and plans and objectives of management for future operations, including the manufacturing facilities and battery production capabilities, certification and the commercialization of the Valo aircraft and the hybrid-electric Valo variant and the timing thereof; our ability and plans to raise additional capital to fund our operations; the availability of the financing package referred to in this press release, for which the agreement in principle is non-binding, and which remains subject to the execution of definitive documents and satisfaction of other conditions; our future results of operations and financial position and expected financial performance and operational performance, liquidity, growth and profitability strategies; our plans for capital expenditures which could be higher than anticipated; the design and manufacture of the Valo aircraft; the differential strategy compared to our peer group; the features and capabilities of the Valo aircraft; expectations surrounding pre-orders and commitments; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected. The targets, expectations and estimates included in this report were prepared by the Company’s management team based on information available at the time such information was developed and reflects numerous assumptions, including those related to general business, economic, market, and financial conditions, as well as other factors that are difficult to predict and many of which are beyond the Company’s control. The Company believes the assumptions underlying such targets, expectations and estimates were reasonable at the time such information was prepared. However, important factors that may affect actual results and cause the results reflected in such targets, expectations and estimates not to be achieved including, among other things, risks and uncertainties relating to the Company’s business, industry performance, the regulatory environment, and general business and economic conditions, as discussed under the caption “Risk Factors” in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 24, 2026, as such factors may be updated from time to time in the Company’s other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
Test Pilot Paul Stone flew the transition sequence at Vertical’s Flight Test Centre at Cotswold Airport on 2 April 2026.
Iran and the United States received a draft proposal late Sunday calling for a 45-day ceasefire and the reopening of the Strait of Hormuz, two Mideast officials speaking condition of anonymity told The Associated Press.
The proposal comes from Egyptian, Pakistani and Turkish mediators hoping the 45-day window would provide enough time for talks to reach a permanent ceasefire. Iran and the U.S. have not responded to the proposal, which was sent to Iranian Foreign Minister Abbas Araghchi and U.S. Mideast envoy Steve Witkoff, the officials said.
The head of intelligence for Iran’s paramilitary Revolutionary Guard was killed Monday in an attack targeting him, Iranian state media said. The Israeli military later confirmed the airstrike that killed Maj. Gen. Majid Khademi took place in Iran’s capital Tehran.
Strikes on cities across Iran have killed more people Monday, while in Israel's Haifa victims were found dead in rubble following an attack.
U.S. President Donald Trump on Sunday stepped up his threat to hit Iran's critical infrastructure hard if the country's government doesn’t reopen the Strait of Hormuz by his Tuesday deadline.
Trump punctuated his threat with profanity in a social media post, saying Tuesday will be “Power Plant Day, and Bridge Day, all wrapped up in one, in Iran.”
The war began with joint U.S.-Israel strikes on Feb. 28 and has killed thousands, shaken global markets, cut off key shipping routes and spiked fuel prices. Both sides have threatened and hit civilian targets, bringing warnings of possible war crimes from the United Nations and international law experts.
Here is the latest:
Israel’s military warned the public Monday morning of another missile barrage coming from Iran, the fifth such alert of the day.
Israel’s military said four people were found dead at the site of a missile strike in Haifa.
They had been trapped under rubble and were found after hours of overnight rescue efforts, the mililtary said.
European Council President António Costa said Monday that an “escalation will not achieve a ceasefire and peace,” which was likely a warning aimed at U.S. President Donald Trump.
“Only negotiations will, namely the ongoing efforts led by regional partners,” he added in the statement posted on X.
Costa’s call comes as Trump has threatened to begin bombing power plants and bridges this week if Iran does not open the Strait of Hormuz.
He wrote that “any targeting of civilian infrastructure, namely energy facilities, is illegal and unacceptable.”
“The Iranian civilian population is the main victim of the Iranian regime,” Costa wrote. “It would also be the main victim of a widening of the military campaign.”
The death toll in an airstrike on a Iranian residential building has risen to at least 15 people, authorities said Monday
The strike hit near Eslamshar, a city southwest of Iran’s capital Tehran.
An airstrike hit an information and communication technology building at Tehran’s Sharif University of Technology on Monday morning, according to Mohammed Vesal, an economics professor at the university.
Vesal, who spoke to a team from The Associated Press that had traveled to Iran from abroad to report there, said the attack disrupted online learning for the university.
All students have left the campus because of the war.
“All web services of the university are down now because of this violent attack on our infrastructure,” Vesal said. “This is a purely academic institution.”
Sharif University of Technology is considered Iran’s top engineering school.
Multiple countries over the years have sanctioned the university for its work with the military, particularly on Iran’s ballistic missile program, which is controlled by the country’s paramilitary Revolutionary Guard.
Israel claimed the killing of the intelligence chief of Iran’s Revolutionary Guard on Monday.
Defense Minister Israel Katz made the announcement.
The Israeli military later confirmed the airstrike that killed Maj. Gen. Majid Khademi took place in Iran’s capital Tehran.
“The Revolutionary Guard are shooting at civilians and we are eliminating the leaders of the terrorists,” Katz said. “Iran’s leaders live with a sense of being targeted. We will continue to hunt them down one by one.”
Katz added Israel had “severely damaged” Iran’s steel and petrochemical industries, as well.
“We will continue to crush the Iranian national infrastructure and lead to the erosion and collapse of the terrorist regime, and its capabilities to promote terror and fire at the state of Israel,” he said.
The head of intelligence for Iran’s paramilitary Revolutionary Guard was killed Monday in an attack targeting him, Iranian state media said.
Maj. Gen. Majid Khademi died in the attack, which the Guard blamed on the United States and Israel.
It did not elaborate on where Khademi was killed. However, multiple airstrikes targeted residential areas around Iran’s capital, Tehran, early Monday morning.
Khademi took over for Gen. Mohammad Kazemi, who Israel killed in the 12-day war in June.
The Guard’s intelligence organization wields vast powers within Iran and answers only to the country’s supreme leader. It often has been linked to the detention of Western nationals or those with ties abroad. It also has been accused of carrying out extraterritorial killings and attacks targeting opponents of the country’s theocracy.
Iran and the United States have received a draft proposal that calls for a 45-day ceasefire and the reopening of the Strait of Hormuz as a possible way to end the war, two Mideast officials told The Associated Press.
The proposal comes from Egyptian, Pakistani and Turkish mediators working to halt the fighting, according to two officials who spoke on condition of anonymity to discuss private negotiations.
They hope the 45-day window would provide enough time for extensive talks between the countries to reach a permanent ceasefire.
Iran and the U.S. have not responded to the proposal, which was sent late Sunday night to Iranian Foreign Minister Abbas Araghchi and U.S. Mideast envoy Steve Witkoff, the officials said.
It remains unclear whether the sides would agree to such terms. Iran has insisted it will keep fighting until it receives financial reparations and a promise it won’t be attacked again. U.S. President Donald Trump has threatened to bomb Iranian bridges and power stations this week.
The news website Axios first reported terms of the proposal.
An Iranian drone attack damaged a telecommunications building in Fujairah in the United Arab Emirates on Monday, the state-run WAM news agency reported.
The attack targeted a building of the state-funded du telecom company.
No one was injured, WAM reported, quoting officials in Fujairah.
South Korea’s National Intelligence Service says there are no signs North Korea is providing Iran with weapons or other war-related supplies.
The spy agency’s officials told lawmakers Monday that North Korea may be taking a cautious approach to preserve the possibility of dialogue with the Trump administration, according to two lawmakers who attended the closed-door briefing.
North Korea’s Foreign Ministry has condemned the U.S.-Israeli attacks on Iran as illegal, but the NIS said Pyongyang has not sent an official condolence message over the death of Ayatollah Ali Khamenei, Iran’s late supreme leader.
North Korean leader Kim Jong Un in recent years has embraced the idea of a “new Cold War” and attempted to expand cooperation with countries confronting the U.S., including an economic delegation sent to Iran in April 2024.
South Korea plans to send at least five ships to Saudi Arabia’s Yanbu port in the coming weeks to establish new oil transport routes in the Red Sea.
The Ministry of Trade, Industry and Resources said Monday the ships will be deployed in phases beginning in mid-April and the number of vessels could increase depending on contracts with Saudi partners.
Officials did not disclose the companies involved but said some domestic refiners may use non-Korean shipping firms.
South Korea also plans to send special envoys to Saudi Arabia, Oman and Algeria to step up diplomatic efforts to secure alternative fuel supplies, ruling party lawmaker Ahn Do-geol said.
The foreign ministry did not immediately reveal when the envoys would be sent.
Iran has executed another man convicted over charges stemming from the nationwide protests that swept Iran in January.
The judiciary’s Mizan news agency identified the man hanged as Ali Fahim in a report Monday.
It was unclear when he was executed.
Fahim had been convicted of allegedly storming a military base to seize weapons.
Amnesty International said Fahim and others convicted in the case “were subjected to torture and other ill-treatment in detention, including beatings, floggings, prolonged solitary confinement, and death threats at gunpoint before being convicted in grossly unfair trials that relied on forced ‘confessions’ extracted under torture and lasted only a few hours.”
The Human Rights Activist News Agency had said Fahim and others had entered a Tehran base of the all-volunteer Basij militia, an arm of the Revolutionary Guard, after it had been burned, then had been forced into confessions.
Israel rescue services reported Monday morning several sites were hit by missiles launched from Iran toward multiple cities in the center of Israel.
In Petah Tikva, paramedics provided medical treatment to an injured woman in serious condition with a chest injury from shrapnel and evacuated her to the Beilinson Hospital.
Fire fighters in that city are handling cars on fire and continue searching to ensure there are no people trapped in the rubble.
In Tel Aviv, a man slightly injured by glass shrapnel was evacuated to the Ichilov Hospital.
Footage provided by rescue service Magen David Adom shows damage to residential buildings due to the attack.
Meanwhile, Israel’s military warned the public Monday morning of another missile barrage coming from Iran, the fourth-such alert of the day.
Israel’s Magen David Adom and Fire and Rescue services said early Monday that there are several reported sites of Iranian missile hits in the northern city of Haifa.
In one site, four people were slightly injured, including two children.
The missile attacks hit residential areas and a factory in the city.
The factory was hit by shrapnel from an interception.
It is unclear if all the reported hits were caused by shrapnel from interception or direct hits.
Video footage provided by Magen David Adom of the affected sites show active fire and bombed cars in what appears to be a residential area.
The missile strikes come a day after another attack from Iran also hit a Haifa residential area, killing two people and injuring others.
Two other people remain missing under the rubble caused by Sunday's strike and their fate is still unknown.
In the United Arab Emirates’ capital of Abu Dhabi, authorities said a Ghanaian man suffered wounds from shrapnel after the interception of an Iranian missile over the city’s Musaffah neighborhood.
That’s near Al Dhafra Air Base, which hosts U.S. forces and has been repeatedly targeted by Iran in the war.
Women hold Iranian flags during a pro-government gathering in a square in Tehran, Iran, Sunday, April 5, 2026. (AP Photo/Francisco Seco)
A picture of the late Iranian Supreme Leader Ayatollah Ali Khamenei hangs on the side of the road in the outskirts of Tehran, Iran, early Sunday, April 5, 2026. (AP Photo/Francisco Seco)
Rescue workers search for victims at the site of an Israeli airstrike that hit a crowded neighbourhood south of Beirut, Lebanon, Sunday, April 5, 2026. (AP Photo/Hussein Malla)
A commercial plane is preparing to land at Beirut Airport as smoke rises from Israeli airstrikes in Dahiyeh, a southern suburb of Beirut, Lebanon, Sunday, April 5, 2026. (AP Photo/Emilio Morenatti)
Israeli security forces and rescue teams work amid the rubble of a residential building struck by an Iranian missile in Haifa, Israel, Sunday, April 5, 2026. (AP Photo/Ariel Schalit)
