Lindsay, Ont.-based Horizon said the Cavorite X7, a seven-seater aircraft, offers a range of up to 500 miles and is up to 75-per-cent cheaper to operate than a helicopter.Supplied
Canada’s Horizon Aircraft HOVR-Q said on Tuesday that Australia’s V-Star Powered Lift Aviation had signed a letter of intent to buy up to 100 of its hybrid-electric vertical takeoff and landing (VTOL) aircraft for US$600-million.
VTOLs have been touted as an alternative mode of transport in congested cities, where they could be used as air taxis and air ambulances.
As part of the arrangement, V-Star will purchase five Horizon Cavorite X7 aircraft, with the option to buy up to 95 additional VTOLs.
Lindsay, Ont.-based Horizon said the Cavorite X7, a seven-seater aircraft, offers a range of up to 500 miles and is up to 75-per-cent cheaper to operate than a helicopter.
The Canadian company, along with Britain’s Vertical Aerospace EVTL-N, is among the few VTOL manufacturers pursuing hybrid-electric aircraft.
Horizon intends to develop its first full-scale prototype and begin initial testing in the first quarter of 2027. These aircraft are expected to be commercialized by 2028 or 2029.
The company has previously signed letters of intent with Chilean helicopter operator Discovery Air Chile to lease five aircraft and with India’s JetSetGo to buy up to 100 aircraft.
The Cavorite X7 will be powered by Pratt & Whitney PT6A engines, while RAMPF Composite Solutions is expected to build its fuselage.