New Horizon Aircraft Ltd. Logo

New Horizon Aircraft Ltd.

Aerospace engineering company developing a hybrid-electric eVTOL aircraft.

HOVR | US

Overview

Corporate Details

ISIN(s):
CA64550A1075
LEI:
Country:
United States of America
Address:
3187 HIGHWAY 35, LINDSAY

Description

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.

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Insider Transactions

Date Insider Name Position Type Shares Value
No insider transactions recorded for this company.

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