Europe will hold the largest share of the global eVTOL aircraft market, while fully electric and lift-and-cruise designs will account for most of the market growth between 2023 and 2035.
The commuter flight operator aims to decarbonize its fleet by introducing hybrid-electric and all-electric aircraft including converted Cessna Caravans.
The company's merger with aircraft manufacturer Britten-Norman is pending and will release fresh capital to develop hydrogen-powered versions of the Islander commuter.