Vertical Announces Appointment of Experienced Independent Board Members Ahead of Merger with Broadstone. As a result of this, Vertical Aerospace says it is able to achieve profitability and cash flow breakeven with annual sales of less than 100 aircraft, calculated as number of aircraft sales required to reach positive net income and cash flow in 2024. As McCarthy peers through the screen, or veil, of technological modernity to reveal the underlying symbolic structures of human experience, The Making of Incarnation weaves a set of stories one inside the other, rings within rings, a ... Outside of work, Jason enjoys playing and watching football and has a keen interest in Ancient Egypt. Cette filière a été particulièrement impactée depuis le début de la crise sanitaire. Vertical Aerospace is a pioneering startup launching the world's first commercial flying taxis in 2024. The deal, which values the combined company at a pro forma enterprise of approximately $1.84 billion, also has a pro forma equity value of $2.2 billion at a $10.00 per share PIPE price. Vertical will be listed on the New York Stock Exchange following the combination, which is expected to close in the second half of 2021, under the ticker EVTL. This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. Avolon – the international air crafting leasing company – has announced a ground-breaking deal worth $2 billion for 500 aircraft. Vertical Aerospace (NYSE: EVTL) will SPAC with Broadstone Acquisition Corp (NYSE: BSN) Air Taxi company Vertical Aerospace is merging with SPAC Broadstone Acquisition Corp (NYSE: BSN) to go public later this year. In June 2021, Vertical announced a SPAC merger with Broadstone Acquisition Corp (NYSE: BSN ). endobj Vertical Aerospace's VA-X4 eVTOL aircraft.          Investment from Microsoft's M12, American Airlines, Avolon, Honeywell and Rolls-Royce. About Broadstone Acquisition Corp. Broadstone Acquisition Corp. (NYSE: BSN) was set up by serial entrepreneurs, operators and investors, . from 8 AM - 5:30 PM GMT. The international financial value of Grand Prix racing has grown substantially in recent years. This book will focus upon the massive size, value, importance and impact of the industry. Η Vertical Aerospace θα λάβει επιπλέον 35 εκατομμύρια μετοχές, οι οποίες θα δοθούν σε ίσα μέρη όταν η τιμή της μετοχής φτάσει τα 15 δολάρια και τα 20 δολάρια μετά το κλείσιμο της συγχώνευσης. Combining the design, engineering and manufacturing expertise of Vertical with the award-winning customer experience and operational excellence of Virgin Atlantic.". Winston & Strawn LLP is serving as legal advisor and Citi is serving as advisor to Broadstone. London, UK - Vertical Aerospace ("Vertical"), a . Avolon has agreed to pre-order up to 310 aircraft with an option for a further 190, and Virgin Atlantic has an option to purchase between 50 and 150 aircraft. This latest news from Vertical Aerospace sees the UK firm join other eVTOL aircraft developers which have gone public, including Archer, Joby Aviation in the USA and Lilium in Europe. ; Transaction is expected to close in 2H 2021 and values the . In this context, the company also announces that it is seeking an IPO via SPAC and has received commitments from Microsoft, American Airlines, Avolon, Honeywell and Rolls-Royce. “With Vertical, we will revolutionise air travel and continue to reduce the impact of our industry on the environment. Vertical Aerospace, an electric vertical takeoff and landing aircraft (eVTOL) maker backed by investors such as American Airlines, will go public through a merger with a blank-check firm in a deal . About Broadstone Acquisition Corp. Broadstone Acquisition Corp. (NYSE: BSN) was set up by serial entrepreneurs, operators and investors, Hugh Osmond, Edward Hawkes and Marc Jonas. Derek Kerr, Chief Financial Officer of American Airlines, added: “Emerging technologies are critical in the race to reduce carbon emissions and we are excited to partner with Vertical to develop the next generation of electric aircraft. Vertical was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur best known as the founder of the Ovo Group, a leading energy company determined to create a world without carbon and which includes Ovo Energy, the UK's second-biggest energy retailer with revenues of $6.5 billion. This will look connect UK airport hubs, starting with London Heathrow as well as Manchester and London Gatwick. A list of the names of such directors and executive officers and information regarding their interests in the proposed business combination will be included in the proxy statement/prospectus for the proposed business combination, which will be made available as noted in the above paragraph. Shareholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC's website at www.sec.gov, or by directing a request to: info@broadstoneacquisitioncorp.com. The first Italian Air Mobility Accelerator | Skygate is the Italian Business Accelerator Hub dedicated to supporting international Start-Up, Scale-up and SME Companies in their operational access to the Advanced Air Mobility market. SPAC Broadstone Acquisition (NYSE:BSN) rose 1.3% in after hours trading after the company confirmed a deal to take British flying taxi startup Vertical Aerospace public. In our assessment, Vertical has a considerable lead over competitors in this field – and has a clear business model to achieve commercialisation and significant growth. Describes the key concepts of operations management, covering such topics as planning and control, the role of technology, and "just-in-time" techniques. As we emerge from the COVID-19 pandemic, air travel will be materially reshaped with airlines needing to embrace emerging technologies that decarbonise air travel. Issued on the occasion of the 50th anniversary of the International Institute of Space Law, of which Lachs was President, this volume reproduces the original text of Lachs' work in full, with a new preface, introduction and index supplied ... {��� �j���2��7��v���!�m5�s4�PiY�p] � ��xO�/��. Vertical Aerospace Intends to Become Publicly Traded via Merger with Broadstone Acquisition Jun 15, 2021 Vertical AerospaceGroup (Vertical), a UK-headquartered engineering and aeronautical business developing electric Vertical Take-Off and Landing (eVTOL) aircraft, has entered into a definitive agreement for a business combination with . Vertical's mission is to make air travel personal, on-demand and carbon-free through designing, manufacturing, selling and servicing one of the world's best eVTOL aircraft, the VA-X4. Found inside – Page 190... VORONOI DIAGRAM ) COMPUTER SCIENCE ) DILLENCOURT , MICHAEL BROADSTONE , p.2719 - B TRIASSIC THE DEPOSITIONAL AND ... DAMAGE DETECTION AND LOCATION IN LARGE SPACE TRUSSES ( ENGINEERING , AEROSPACE ) SMITH , SUZANNE WEAVER , p . Vertical Announces Appointment of Experienced Independent Board Members Ahead of Merger with Broadstone PR Newswire 8d Vertical Aerospace & Ferrovial reach agreement to rollout electric flight . Hugh Osmond, Chairman of Broadstone, said: "Transportation is one of the next big sectors of the global economy to be disrupted at scale. Packed with do-this-now ideas intended to attract, engage, and win more customers and clients, this no-nonsense book reveals how to: • Avoid blah, blah, blah marketing • Use magnetic marketing strategies that pull--not--push-qualified ... SkyGate | 236 followers on LinkedIn. 1 0 obj Advanced Air MobilityAmerican AirlinesAvolonBroadstone Acquisition Corp.eVTOL aircraftSPAC mergerUKUrban Air MobilityVertical AerospaceVirgin Atlantic. Found inside – Page 37... bulbs , tubes , double - axis vertical reference level switches , metalizing , precision - bore tubes and sealing ... and develop components for high technology applications such as diesels , turbo machinery and aerospace systems . Vertical Aerospace Group Ltd. ("Vertical"), a leading UK-headquartered engineering and aeronautical business developing electric Vertical Take-Off and Landing (eVTOL) aircraft, has entered into a definitive agreement for a business combination with Broadstone Acquisition Corp. (NYSE: BSN) ("Broadstone"), a special purpose acquisition company. Osmond, who is Chairman of Broadstone, said: “Transportation is one of the next big sectors of the global economy to be disrupted at scale. The company was founded in 2016 by Stephen . Find out more: www.vertical-aerospace.com . Vertical Aerospace has become the latest eVTOL aircraft developer to go public as it plans to merge with blank cheque company Broadstone Acquisition Corp. Find out more: www.vertical-aerospace.com. Today's partnership is another example of that commitment, and an investment in the future of air mobility. 3 0 obj It was established to combine with a UK/European business with a strong management team, significant growth prospects, and . ", Shai Weiss, CEO of Virgin Atlantic, said: "With innovation and sustainability leadership firmly in our DNA, we are excited to be partnering with Vertical Aerospace to pioneer sustainable and zero emissions air travel in the UK. “Today’s announcement brings together some of the largest and most respected technology and aeronautical businesses in the world and together we can achieve our aim of making the VA-X4 the first zero carbon aircraft that most people will fly on. The investment has come from Mudrick Capital Management LP, which will invest $200 million through convertible senior secured notes, and Kouros SA, which will provide $5 […] About Broadstone Acquisition Corp. Broadstone Acquisition Corp. (NYSE: BSN) was set up by serial entrepreneurs, operators and investors, Hugh Osmond, Edward Hawkes and Marc Jonas. If approved, Vertical will list on the NYSE under EVTL following the combination, which is expected to… It was established to combine with a UK/European business with a strong management team, significant growth prospects, and . American has agreed to pre-order, subject to certain conditions precedent and future agreed upon milestones, up to 250 aircraft, and an option to order an additional 100 aircraft. ACI 301-20 requires that the contractor keep a copy of this manual in the field office of any project where ACI 301 is specified. As well as Avolon, Virgin Atlantic also has an option to order between 50 and 150 aircraft and plans to work with Vertical as part of a joint venture to develop a Virgin Atlantic-branded short haul eVTOL network in the UK. Harry is joining Vertical from his current role as Chief People Officer at Rolls-Royce, one of the . Vertical Aerospace has announced its plans to go public through a merger with Broadstone Acquisition Corp (BSN) that will give Vertical Aerospace a pro forma equity valuation of $2.2 billion USD. Find out more: www.vertical-aerospace.com. It is intended to be concise, well illustrated, and reflective of the writer's experience, both good and bad. The emphasis with this volume Automation and Industry 4.0 is a clear way forward to realize more operational efficiencies and mitigate transportation congestion and pollution.". Vertical Aerospace will launch with the ticker symbol EVTL, with a projected combined company value of $2.2 billion. Vertical's five-seat lift-plus-push VA-X4 eVTOL air taxi is expected to fly this year. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. Flying taxi startup Vertical Aerospace Group announced a definitive agreement for a business combination with Broadstone Acquisition with a pro forma equity value of approximately $2.2 billion. Vertical intends to certify the VA-X4 to European Union Aviation Safety Agency (EASA) standards – the most stringent global standards – in order to unlock a large UAM TAM of $1 trillion by 2040, with an upside TAM of $4.4 trillion by 2040[1]. Cookie Policy. Insiders said the capital-raising required to complete the merger between Broadstone and Vertical Aerospace was in the process of being finalised. It has since build up strong partnerships with the likes of Honeywell, which will be building the flight deck technologies, while Rolls-Royce’s electrical power system will be used to power the VA-X4 and Solvay will develop the composite structure. <>/Metadata 192 0 R/ViewerPreferences 193 0 R>> ", Dómhnal Slattery, CEO of Avolon, the world's second largest aircraft lessor, said: "Avolon is proud to be a launch customer for the VA-X4 aircraft, demonstrating our commitment to a net zero carbon economy and to driving innovation in the global aviation sector. About Broadstone Acquisition Corp. Broadstone Acquisition Corp. (NYSE: BSN) was set up by serial entrepreneurs, operators and investors, . Virgin Atlantic is exploring whether it could launch a flying taxi service as part of a partnership with Bristol-based Vertical Aerospace. These forward-looking statements include, without limitation, Broadstone's and Vertical's expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination. Throughout the book, you'll find hands-on exercises, checklists, and real-world examples. This is your must-have, comprehensive guide to empirical and experimental research in HCI—an essential addition to your HCI library. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. Broadstone cautions that the foregoing list of factors is not exclusive. Additional information about the proposed transaction, including a copy of the merger agreement and investor presentation, will be provided in a Current Report on Form 8-K to be filed by Broadstone with the Securities and Exchange Commission and available at www.sec.gov. In June 2021, Vertical Aerospace announced a SPAC merger with Broadstone Acquisition Corp (NYSE: BSN). Vertical Aerospace Announces Intention to become Publicly Traded Company via Merger with Broadstone Acquisition Corp. PR Newswire NEW YORK and BRISTOL, England, June 10, 2021 Investment from . EVTOL Startup Vertical To Go Public In $2.2B Deal With Broadstone SPAC. These strategic partnerships accelerate Vertical's path to certification, de-risk execution, allow for a lean cost structure, and will enable production at scale. The VA-X4 is said to have a carbon fiber composite airframe and custom-designed wings. All Rights Reserved. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> London, UK - Vertical Aerospace ("Vertical"), a global aerospace and technology company that is pioneering zero-emissions aviation, today announced the … read more Fitzpatrick, best known in the U.K. as the man behind energy supply company Ovo, is the majority shareholder of Vertical Aerospace and will likely have an estimated net worth of over $1 billion . Vertical Aerospace Group to enter a business combination with Broadstone Acquisition (NYSE:BSN), a special purpose acquisition company. Expected to go through in either the third or fourth quarter of 2021, Vertical will enter the New York Stock Exchange using the ticker EVTL. Vertical is also announcing today investments from American Airlines, Avolon, Honeywell  and Rolls-Royce, who have invested in the PIPE and are part of Vertical's strategic partner ecosystem; Microsoft's M12, 40 North and Rocket Internet SE have also invested in the business. For the third quarter, the company reported net loss was USD 0.137984 million. %PDF-1.7 Today’s partnership is another example of that commitment, and an investment in the future of air mobility. Latham & Watkins is advising Vertical Aerospace Group Ltd. (Vertical), a leading UK-headquartered engineering and aeronautical business developing electric vertical take-off and landing aircraft, on its definitive agreement for a business combination with Broadstone Acquisition Corp., a special purpose acquisition company. Latham & Watkins is advising Vertical Aerospace Group Ltd. (Vertical), a leading UK-headquartered engineering and aeronautical business developing electric vertical take-off and landing aircraft, on its definitive agreement for a business combination with Broadstone Acquisition Corp., a special purpose acquisition company. The investors were Mudrick Capital and Kouros SA. This manual is intended to provide fisheries biologists with a limited set of techniques for obtaining aquatic habitat data. The manual also describes the range of information collected and used in agency habitat analyses. He holds a BA from De Montfort University and has worked in Journalism and Public Relations for a decade.          Vertical Aerospace has become the latest eVTOL aircraft developer to go public as it plans to merge with blank cheque company Broadstone Acquisition Corp. Latham & Watkins LLP is serving as legal advisor and Barclays is serving as lead financial advisor and lead capital markets advisor to Vertical. In Working South, renowned watercolorist Mary Whyte captures in exquisite detail the essence of vanishing blue-collar professions from across ten states in the American South with sensitivity and reverence for her subjects. In an event attended by Bonnie Crombie, Mayor of the City of… Rolls-Royce is the leading supplier of all-electric and hybrid-electric power and propulsion systems for aviation and this exciting opportunity demonstrates our joint ambitions to lead the way in the new Urban Air Mobility market. Find out more: www.vertical-aerospace.com About Broadstone Acquisition Corp. Broadstone Acquisition Corp. (NYSE: BSN) was set up by serial entrepreneurs, operators and investors, Hugh Osmond . Vertical Aerospace Announces Intention to become Publicly Traded Company via Merger with Broadstone Acquisition Corp. Investment from Microsoft's M12, American Airlines, Avolon, Honeywell and Rolls-Royce. 2 0 obj Stephen Fitzpatrick, Vertical CEO and Founder, said: "This is the most exciting time in aviation for almost a century; electrification will transform flying in the 21st century in the same way the jet engine did 70 years ago. In recent years there has been a great deal of talk about the social economy and the term "the third way". Placing the Social Economy provides a refreshing and accessible account of real life experience in a social economy. The Acambaro collection comprises hundreds of clay figurines that are apparently thousands of years old; however, they depict such bizarre animals and scenes that most archaeologists dismiss them as an elaborate hoax. The United Kingdom is already a global leader in aerospace innovation and we believe Vertical Aerospace will be the British engineering champion to drive the aviation industry forward.”. Vertical Aerospace was founded in 2016 by Ovo Energy boss Stephen Fitzpatrick to develop the world's first all-electric vertical take-off and landing (eVTOL) aircraft. A Cision company. Copyright © 2021 PR Newswire Europe Limited. Broadstone - Edelman Iain Dey - Broadstone@Edelman.com / +44 7976 295906 About Vertical Aerospace Vertical Aerospace is pioneering electric aviation. In June 2021, Vertical Aerospace announced a SPAC merger with Broadstone Acquisition Corp (NYSE: BSN). In the United Kingdom, Virgin Atlantic and Vertical expect to work together to explore the joint venture launch of a Virgin Atlantic branded short haul eVTOL network, including operations and infrastructure development. The company has an unrivalled top-tier partner ecosystem and is backed by American Airlines, Avolon, Rolls-Royce and Honeywell among others. Broadstone (NYSE:BSN) has entered into a definitive agreement to combine with electric vertical take-off and landing (eVTOL) aircraft-maker Vertical Aerospace at an enterprise value of $1.84 billion. The strength of the Vertical leadership team, coupled with a highly commercial approach and a clear route to market, are among the key attractions for the Broadstone investment team. ", Mike Madsen, President and CEO of Honeywell Aerospace, said: "Vertical and Honeywell are great partners because our relationship combines the strengths of both companies. ; The transaction is . A telephone replay will be available at 1-844-512-2921 (U.S.) or 1-412-317-6671 (International), passcode: 13720391 through 24th, June, 2021, 11:59 PM ET. the-complete-guide-to-mergers-and-acquisitions-process-tools-to-support-ma-integration-at-every-level 1/4 Downloaded from buylocal.wickedlocal.com on November Enabling power: European Union (Withdrawal) Act 2018, s. 8 (1). In these two volumes is the fascinating correspondence (1900-1919) between Wilbur Wright and Octave Chanute, the early leader in the aeronautics field who freely lent his genius and aid to the brothers; excerpts from 33 Wright diaries and ... “We pride ourselves on building enduring strategic partnerships and are thrilled to be working alongside Vertical in its mission to bring eVTOL travel to the UK. | November 16, 2021 Arya, the past is better left in the past. In the United States of America, American Airlines expects to work with Vertical on passenger operations and infrastructure development. About Broadstone Acquisition Corp. Broadstone Acquisition Corp. (NYSE: BSN) was set up by serial entrepreneurs, operators and investors, . About VA-X4 eVTOL Aircraft The four passenger, one pilot VA-X4 is projected to have speeds up to 200mph, a range over 100 miles, near silent when in flight, zero operating emissions and low cost per passenger mile. Kouros SA, a firm specializing in investments to decarbonize transport and energy production, will . The deal, which values the combined company at a pro forma enterprise of approximately $1.84 billion, also has a pro forma equity value of $2.2 billion at a $10.00 per share […] Broadstone does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based. “For years, American has led the industry in investing in newer, more fuel-efficient aircraft. Bristol, UK-based Vertical Aerospace is developing a model of eVTOL planes designed to make carbon-free air travel and urban air mobility possible. ��X�഼,I#��~l�}��:l��'��5�5}I��y��Cr�>~�v�����8R��*2���>M-�Z ~�"Q����o�푧mV�Y�`���Y^�4 � ��ka�e�,���^�/O���4Q����͚�f�|U�gl�,K˩��}�R� � �rw��Be �Qz��}6��a�%RWV�v9X�"e%�z�W�m�������~k>��_�w z�z�%C��%��,�њh���/C� Find out more: www.vertical-aerospace.com. This includes: By combining this world-class team with a deliberately built ecosystem of top-tier partners, Vertical has assembled a broad mix of people and organisations with both commercial track records as well as experience testing, building and certifying some of the world's most advanced aircraft. When typing in this field, a list of search results will appear and be automatically updated as you type. About Broadstone Acquisition Corp. Broadstone Acquisition Corp. (NYSE: BSN) was set up by serial entrepreneurs, operators and investors, Hugh Osmond, Edward Hawkes and Marc Jonas. broadstone acquisition corp. HAS ENTERED INTO AN AGREEMENT FOR A BUSINESS COMBINATION WITH VERTICAL AEROSPACE Vertical Aerospace is a leading UK-headquartered engineering and aeronautical business developing electric Vertical Take-Off and Landing (eVTOL) aircraft. Vertical Aerospace Group Ltd. ("Vertical"), a leading UK-headquartered engineering and aeronautical business developing electric Vertical Take-Off and Landing (eVTOL) aircraft, has entered into a definitive agreement for a business combination with Broadstone Acquisition Corp. (NYSE: BSN) ("Broadstone"), a special purpose acquisition company. Our order with Vertical will also accelerate the inevitable commercial roll-out of zero emissions aircraft. In June 2021, Vertical announced a SPAC merger with Broadstone Acquisition Corp (NYSE: BSN). The British eVTOL start-up Vertical Aerospace announces pre-orders for a total of 1,000 of its electric aerial taxis. The team also has an outstanding track record of delivering projects commercially. Jason Pritchard is the Editor of eVTOL Insights. announced Thursday that it plans to go public through a merger with the NYSE-listed SPAC Broadstone Acquisition Corp. in the second half of 2021. Commenting on the news in a press release issued yesterday (Thursday), Stephen Fitzpatrick, Vertical Aerospace CEO and Founder, said: “This is the most exciting time in aviation for almost a century; electrification will transform flying in the 21st Century in the same way the jet engine did 70 years ago. ap������H�$W� 6Z���g���KZ�!wgyZw� The Broadstone team has a proven track record of identifying markets ready for innovation and disruption and backing exceptional management teams to create industry leading businesses, across sectors and generating outstanding returns for investors. Find out more: www.vertical-aerospace.com. Founded in 2016 by energy tech entrepreneur Stephen Fitzpatrick, Vertical Aerospace's goal is to make air travel personal, on-demand, and also carbon-free. The transaction is expected to result in gross proceeds of $394 million. Additional information regarding the interests of such participants will be contained in the proxy statement/prospectus for the proposed business combination when available. This guide provides step-by-step guidance, expert instruction, and detailed illustration of the most recent minimally invasive orthopedic spine procedures. * broadstone acquisition corp - vertical will be listed on nyse following combination, under ticker evtl Video: American Airlines to take stake in vertical aerospace in eVTOL SPAC (CNBC) It was established to combine with a UK/European business with a strong management team, significant growth prospects, and . The VA-X4 is expected to be certified to the same standards as large commercial airliners and therefore is expected to be 100x safer than a helicopter. Our partnership includes an option for Virgin Atlantic to acquire up to 150 eVTOL VA-X4 aircraft and exploration of a Joint Venture to bring short haul, electric vehicle connectivity to cities and our UK airport hubs, starting with London Heathrow as well as Manchester and London Gatwick. Vertical Announces Appointment of Experienced Independent Board Members Ahead of Merger with Broadstone Vertical Aerospace is engaged in developing electric vertical take-off and landing (eVTOL) aircraft, while Broadstone Acquisition is a blank cheque company. The exploits of this elite fighter unit are detailed in this volume together with photographs, their aircraft profiles and insignia. Barclays and Citi acted as joint placement agents on the PIPE. The team also has an outstanding track record of delivering projects commercially. 'This is a timely, challenging and fascinating book on a topic of central importance to the success or otherwise of our climate change policies. It sets down a clear marker for what has to be done in the aviation sector. @,&�"�,ڊbP7/�*���'�ijt��i^h%]���,剂�PJ�nƥ���[kT�o���J�i���Ti%������ g����~B��i���ϸ���~�dϔs�89ؓR���*Xʦ���2_4˓|��/O����k��U���v�q��.��PǑ�f�&�`���?�~�x\돥\$�{T�7�xX�,O��I��h ��H� ��)2�� �7�?����BMf8]K�[� The United Kingdom is already a global leader in aerospace innovation and we believe Vertical Aerospace will be the British engineering champion to drive the aviation industry forward. As well as the announcement to go public, Vertical Aerospace has also confirmed up to 1,000 pre-orders for its VA-X4 eVTOL aircraft with launch customers American Airlines and Avolon and a pre-order option with Virgin Atlantic, valued at up to $4 billion. All the world leadingarcheological teams need to combine their resources, all the available information needs to beaccessed and viewed together as a whole; all of the monuments need to be examined "en masse"and all the existing ancient ... Cautionary Statement Regarding Forward-Looking Statements. With investments from American . Find out more: www.vertical-aerospace.com. Through its newly incorporated affiliate Avolon-e, it will order aircraft valued at US$1.25 billion and has an option to acquire additional aircraft up to a value of US$750 million. Vertical Aerospace, an aerospace and tech company, has secured over $205 million funding. <> <> This is test description As a result of this, Vertical is able to achieve profitability and cash flow breakeven with annual sales of less than 100 aircraft (calculated as number of aircraft sales required to reach positive net income and cash flow in 2024). The combination of a strong internal team, a network of external resources and the experience of the management team enables us to support rapid, substantial, and lasting growth. S. 220-236: Glossary It was established to combine with a UK/European business with a strong management team, significant growth prospects, and the opportunity to become a market leader in its sector. This communication relates to a proposed business combination between Vertical Aerospace Group Ltd. (together with its affiliates, "Vertical") and Broadstone Acquisition Corp. ("Broadstone") (the .

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