Results for: Overair

Overair Announces Tom Whayne as New CFO

21 March 2023 || 3 min read

eVTOL development company Overair announced today the appointment of Tom Whayne as chief financial officer (CFO). As CFO, Whayne will oversee all financial operations and provide strategic guidance to the company as it continues its path toward commercialization. Whayne joins OverAir having previously served as chief financial officer of OneWeb, where he led the raise of more than $3 billion of capital...

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Overair, Inc. and Toray Composite Materials America have announced a strategic collaboration for utilization of Toray’s advanced prepreg system in Overair’s Butterfly eVTOL prototype program. Above: Rendering of Overair’s Butterfly eVTOL prototype with Toray T1100/3960 carbon fiber/epoxy prepreg. The prepreg provides high stiffness and strength for the prototype’s airframe and propulsion units. The airframe of Overair’s Butterfly eVTOL prototype utilizes...

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Electric vertical takeoff and landing vehicle (eVTOL) company, Overair, just announced its most recent funding of $145 million from Hanwha Systems and Hanwha Aerospace, global leaders in ultra-precision communications and aircraft technologies. With this new investment, Overair claims that it remains on track to fly its all-electric experimental prototype in the second half of 2023. “This is a tremendous milestone for our...

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Overair has announced that it has signed a Memorandum of Understanding (MOU) with Bristow Group Inc. The two companies plan to collaborate on the development of the Overair Butterfly‘s commercialization plans. Bristow has pre-ordered 20 to 50 Butterfly aircraft and both companies will work together to develop an operations development framework focusing on vehicle design considerations, key performance parameters, FAA...

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Overair, the eVTOL and advanced air mobility company, announced their expanded headquarters in Santa Ana, California. Featuring new spaces for industrial and manufacturing teams as well as a built out corporate front office, the expansion provides space for the company to execute on their program development plans to reach full FAA certification by 2025. With proximity to John Wayne/Orange County...

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Overair Debuts Butterfly eVTOL Design

15 August 2021 || 5 min read

Overair has recently released new details about their new electric VTOL air taxi, dubbed the Butterfly. Built to withstand rough weather conditions, the 6-seater aircraft will have a range of 100 miles and a top speed of 200 mph. In addition, the Butterfly will be all electric and have zero carbon emissions. The key feature of the Butterfly’s design is...

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Hanwha Systems has announced that it will co-develop an air taxi with Overair Inc., a U.S. personal air vehicle (PAV) company. According to Hanwha Systems, the company attended the opening ceremony of Overair in Los Angeles, California, on February 14 and announced that it will participate in the joint development of air taxis in full-scale. Some attendees of the ceremony...

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Hanwha Systems will officially enter the urban aerial mobility market as of Dec. 8th, as the CFIUS has approved Hanwha’s $25 million USD investment in Overair Hanwha earlier announced their intentions to invest a 30% stake in Overair, formerly known as K4 Aeronautics. Recently, the Committee on Foreign Investment in the United States (CFIUS) approved the $25 million USD investment...

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Overair Butterfly

20 June 2018 || < 1 min read

Quick SummaryOverair was founded in 2004 by Abe Karem, founder ofLeading Systems and Frontier Systems. At Frontier Systems, Abe led the development of Optimum Speed Rotor (OSR) technology and unmanned aerial vehicle (UAV) systems, as well as the A160 Hummingbird Optimum-Speed Rotor UAV, now owned by Boeing. Karem Aircraft became an independent company and rebranded as Overair Inc. in January...

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Overair Butterfly

Skyportz, Contreras Earl Architecture, and Pascall+Watson Architects have announced their concept for an Australian waterfront e-mobility hub. This concept, set to debut at the World Air Taxi Congress in San Francisco, envisions the transformation of an existing heliport on Melbourne’s Yarra River into a state-of-the-art vertiport. The availability of vertiports on the water will pave the way for the integration...

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The future of drone operations in Australia received a considerable boost as Skyports Drone Services, a global leader in drone operations, announced last week that they’ve joined forces with Australian drone manufacturer Carbonix. This partnership is set to advance beyond visual line of sight (BVLOS) operations across the country, leveraging cutting-edge long-range vertical take-off and landing (VTOL) aircraft technology. In...

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Lilium, the company pioneering the eVTOL Lilium Jet, has marked a significant achievement in its development journey with the initiation of fuselage assembly for the Lilium Jet. The company remains firmly on schedule for its inaugural manned flight, anticipated in late 2024. This milestone underscores Lilium’s capability to progress from concept to realization, as outlined in its strategic plan. The...

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Cyclorotor unveiled footage of the first flight of their Bumblebee2.0 concept with an Enhanced Propulsion system last week. The flight occurred at the end of August, 2023. This aircraft showcases a unique configuration, featuring four CR42 CycloRotors and an advanced flight control system. The launch of the outdoor flight campaign marks progress toward development of CYCLOROTOR’s unique aviation propulsion system....

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VoltAero has achieved a significant milestone by conducting a flight using its proprietary electric-hybrid powertrain, fueled entirely by sustainable bioethanol from TotalEnergies. The landmark event took place at VoltAero’s development facility in Royan, France, and represents a giant stride towards greener and more sustainable aviation. The successful flight test utilized VoltAero’s Cassio S testbed airplane, serving as a crucial validation...

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Joby has announced it plans to locate its first scaled aircraft production facility in Dayton, Ohio, the birthplace of aviation. Joby plans to build a facility capable of delivering up to 500 aircraft per year at the Dayton International Airport, supporting up to 2,000 jobs. The 140-acre site it has selected has the potential to support significant further growth over...

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