American developer of autonomous aircraft systems Elroy Air has achieved the first flight of its turbogenerator-hybrid electric vertical takeoff and landing (hVTOL) aircraft, the Chaparrai C1, in an i...
Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) has acquired a 35% stake in LCI, expanding LCI’s established partnership with SMFL which began in September 2020 with the launch of a $230 m...
FedEx Express is teaming up with California Bay Area-based Elroy Air, the company building an autonomous vertical take-off and landing (VTOL) aerial cargo system. FedEx Express will develop plans to t...
Elroy Air, the company developing the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system, has unveiled its pre-production Chaparral aircraft. The Chaparral can autono...
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