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Huge buys
Thanks for all
The cheapes
Seems like someone really trying to keep this down and shake it
Take out that wall
They want to push this big time
Admin pin post
American Airlines Focuses On Cleaner Electric Air Mobility
6/11/21, 8:58 AM
June 11, 2021 08:58 AM ET (BZ Newswire) -- News
American Airlines Group Inc (NASDAQ:AAL) plans to invest $25 million in U.K.-based electric aircraft start-up Vertical Aerospace Group Ltd through private investment in public equity (PIPE) transaction to reduce carbon emissions, enhance customer experience, and tap the flying taxi trend, the Wall Street Journal reports.
It plans to acquire around 250 Vertical’s planned flying taxis implying a potential pre-order commitment of $1 billion. There is an option to order an additional 100 aircrafts.
The electric aircraft can take off and land vertically like helicopters and move customers around congested cities to get to and from airports.
Vertical plans to conduct the first trial of its VA-X4 aircraft later in 2021.
Vertical’s aircraft will accommodate four passengers and a pilot and fly at speeds of up to 200 miles an hour with a range of over 100 miles.
Vertical aims to begin commercial operations in 2024 upon the European regulatory approval.
Vertical aimed to go public via SPAC (special-purpose acquisition company) merger that valued the combined entity at $2.2 billion. Honeywell International Inc (NASDAQ:HON), Rolls-Royce Holdings PLC (OTC:RLLCF) (OTC:RYCEF) (OTC:RYCEY), and Microsoft Corp (NASDAQ:MSFT) venture capital fund feature amongst Vertical’s backers.
Embraer SA (NYSE:ERJ) is in talks to combine its air-taxi arm with a SPAC and announced a deal to sell up to 200 of its flying taxis for the U.K. market.
Aircraft leasing company, Avolon, has agreed to pre-order up to 310 aircraft from Vertical with an option for an additional 190.
Virgin Atlantic has options to acquire 50 - 150 aircraft.
Vertical will work with AAL on passenger operations and developing infrastructure in the U.S. and explore a joint venture with Virgin Atlantic in the UK.
In February, United Airlines Holdings Inc (NASDAQ:UAL) announced plans to back another electric flying taxi start-up and acquire around 200 of its aircraft. UAL disclosed its venture-capital fund to invest in early-stage technologies that furthered its sustainability goals.
Boeing Co (NYSE:BA) continued its investment in flying taxis to possibly displace existing urban helicopters and reduce noise and carbon emissions.
The $54 billion in government aid for airline workers’ salaries and benefits brought some respite to the pandemic-stricken industry in 2020. WSJ notes that AAL entered the pandemic with higher debt than its rivals and lost $8.89 billion in 2020.
Price action: AAL shares traded higher by 0.51% at $23.58 in the premarket session on the last check Friday.
Copyright © 2021 Benzinga (BZ Newswire, http://www.benzinga.com/licensing). Benzinga does not provide investmentadvice. All rights reserved. Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga Pro (http://pro.benzinga.
Stop selling down here hold your nuts
Pre market hits
.01 it’s possible
Gtsm moved to 0028
Thin up guys
Some volume
Who sold to the market lol
Hank should be behind bars
Over reaction
Setting up for penny break
Good morning let’s see a huge run
Gap been filled let’s turn around L2 and make Jane and gtsm back away
Why you mad it’s true than why we down here praying it stop and we bounce of this gap
Some dilution on news but people are built it we should run north soon and chaser will come to play with us
They are walking it down don’t be fooled add
$twoh look at that SS worth the grab down here
We about to run thin up
Is coming
Soon enough .05 mark it
This is about to blow
Multibagger coming
This could see .006 thin up guys
This should run to .006 soon
Adding here thanks
Let’s see .01 be smart
Notice how no RS LIKE PEOPLE WERE SAYING AND FALE MANAGMENT TO THA MOON WE GO
Allow it to hit .031 yes we can
This might turn out to be another sf0r type of run .20 would look sexy in my acc
If we can get guys to thin out 0008 yesterday 0009 where thin af
Huge volume give us 001
Cdel keeps buying 0007 to wall 0008
Idiota on 0008