LONDON & NEW YORK–(Business WIRE)–Vertical Aerospace (Vertical) [NYSE: EVTL], a world aerospace and know-how business that is revolutionary zero emissions aviation, today announces the appointment of previous McLaren Automotive CEO, Mike Flewitt, to the Board of Administrators (the “Vertical Board”). An experienced leader in the world of automotive innovation and producing, Mike even further strengthens Vertical’s leadership team which draws from business authorities in aviation, automotive and technology sectors. Mike will join the Board’s Audit and Certification Committees.
Mike is signing up for the Vertical Board acquiring stepped down from McLaren Automotive in October 2021 immediately after eight a long time primary the group. Mike was instrumental in driving McLaren Automotive’s development to turn out to be just one of the world’s leading luxury supercar brands.
Prior to signing up for McLaren, Mike put in nine years at Ford as equally Vice President, Production, Ford Europe, and Company Officer, Ford Motor Company. In advance of becoming a member of Ford, he held senior producing and operations roles at TWR Group Constrained, AutoNova AB (Volvo) and Rolls-Royce and Bentley Motor Cars Constrained. He is an alumnus of Salford College obtaining experienced in Production and Mechanical Engineering in 1987, accomplished a article-graduate qualification in Administration and Task Administration in 1996 and been given an Honorary Doctorate from the institution in 2017.
Today’s announcement, in the course of Farnborough Worldwide Airshow, follows a collection of new Vertical bulletins and partnerships. Recent bulletins consist of American Airways confirming shipping slots and the motivation of linked pre-supply payments, as properly as 50 conditional pre-orders from FLYINGGROUP, taking Vertical’s sector-main pre-order e-book by price to more 1,400 VX4s amounting to close to $5.6bn in expected revenue. This is in addition to partnerships with Babcock Worldwide for the exploration of applications of the VX4 within just Emergency Professional medical Providers (EMS), and a strategic partnership with Molicel as its battery service provider.
Domhnal Slattery, Chairman, Vertical additional: “I am delighted to welcome Mike to the Board, and I glance ahead to operating together with him. His working experience across the automotive sector will be essential to the up coming phases of our journey, taking part in a critical function in enabling the commercialisation of our revolutionary VX4 aircraft.”
Stephen Fitzpatrick, Founder & CEO, Vertical, reported “Mike is a amazing appointment for Vertical he knows how to construct and mature remarkably complex and technological organizations possessing labored in each the significant-volume and the tremendous-luxury segments of automotive. He will be priceless to the organization as we carry on our journey to make zero emissions aviation a fact.“
Michael Flewitt, Non-Executive Director, reported: “It is an fascinating time to be part of Vertical Aerospace. Vertical is at the forefront of innovation in the aviation industry, and I am delighted to have the chance to get the job done together with the staff in their efforts to develop, progress, and guide the adjust in zero emissions flight. Stephen has assembled a passionate and talented group and I glance ahead to playing a portion towards this ongoing accomplishment.”
Subsequent the appointment, the Vertical Board will comprise: Dómhnal Slattery as Non-Govt Chairman Impartial Non-Executive Directors Kathy Cassidy, Gur Kimchi and Mike Flewitt Non-Government Director Marcus Waley-Cohen and Executive Administrators Stephen Fitzpatrick (Founder & CEO), Harry Holt (Deputy CEO), Vincent Casey (CFO) and Michael Cervenka (President).
About Vertical Aerospace
Vertical Aerospace is groundbreaking electric powered aviation. The corporation was founded in 2016 by Stephen Fitzpatrick, an set up entrepreneur most effective recognized as the founder of the Ovo Group, a top strength and technology team and Europe’s most significant impartial electricity retailer. Above the previous five a long time, Vertical has focused on making the most knowledgeable and senior group in the eVTOL marketplace, who have around 1,700 merged many years of engineering expertise, and have accredited and supported around 30 diverse civil and armed forces aircraft and propulsion programs.
Vertical’s leading-tier partner ecosystem is predicted to de-threat operational execution and its pathway to certification will allow for a lean charge structure and permits creation at scale. Vertical has a marketplace-foremost pre-buy reserve by worth for more than 1,400 aircraft from world-wide consumers developing a number of potential in the vicinity of phrase and actionable routes to current market. Shoppers include American Airways, Virgin Atlantic, Avolon, Bristow, Marubeni, Iberojet and FLYINGGROUP, as nicely as Japan Airlines (JAL), Gol, Air Greenland, Gozen Holding and AirAsia, as a result of Avolon’s VX4 placements.
Vertical’s normal shares and warrants commenced trading on the NYSE in December 2021 beneath the tickers “EVTL” and “EVTLW,” respectively.
About the VX4 eVTOL Aircraft
The piloted zero functioning emissions 4-passenger VX4, is projected to be capable of travelling distances around 100 miles, acquiring leading speeds of up to 200mph, even though generating minimum noise and has a reduced charge for each passenger mile. The VX4 is predicted to open up up innovative air mobility to a full new selection of passengers and transform how we vacation. Obtain out a lot more: vertical-aerospace.com
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