New Horizon Aircraft Ltd. — Investor Relations & Filings

New Horizon Aircraft Ltd. is an aerospace engineering company developing a hybrid-electric vertical takeoff and landing (eVTOL) aircraft for regional air mobility. The company's primary project is the Cavorite X7, an aircraft that utilizes a patented fan-in-wing design to achieve vertical takeoff and landing capabilities combined with the efficiency and speed of conventional forward flight. The hybrid-electric power system is designed to provide a range of up to 800 km and a maximum speed of 450 km/hr. The Cavorite X7 is being developed to accommodate one pilot and six passengers, with a useful load capacity of up to 1,500 pounds. Potential applications include passenger transport, medical evacuation (medevac), disaster response, and delivery of critical supplies to remote areas.