URBAN AERONAUTICS TEAMS UP WITH ASCENT FLIGHT GLOBAL TO DEVELOP eVTOL CITYHAWK

Israel’s Urban Aeronautics, the pioneering hydrogen/electric-powered vertical take-off and landing (eVTOL) developer, who recently announced its partnership with the Boeing Company, now joins forces with Asia’s tech-powered urban air mobility service Ascent Flights Global Pte. Ltd (Ascent), to bring the eVTOL CityHawk to market. The founding team met as co-workers in an investment group, REAPRA, which provided venture building and investment support to develop Ascent. Co-founded in 2018, Ascent is based in Singapore, with operations in the Philippines.
Urban Aeronautics has been building the next generation of flying vehicles since 2001.
With its success in the development of the Cormorant, an unmanned VTOL aircraft built for a variety of military, civil and emergency response missions, Urban Aeronautics is now setting its sights toward the manned civilian market through commuter air taxis, and emergency medical services (EMS). With the recent announcement of its partnership with the Boeing Company, Urban Aeronautics now joins forces with Ascent to accelerate the commercialisation of its hydrogen/electric-powered vertical take-off and landing (eVTOL) aircraft, the CityHawk. CityHawk has a uniquely small footprint the size of a large SUV and yet has a seating capacity for up to six passengers. This combination maximizes the efficiency of vertiports and increases passenger traffic laying a foundation for a genuine mass transit solution.
Ascent is Asia’s first technology-powered urban air mobility service that enables users to avail of helicopter flights by the seat today, and eVTOLs in the future, to skip the traffic between activity hubs like international airports, central business districts and popular leisure destinations to regain control of their time in traffic-congested cities.
This new business model allows users to experience seamless urban mobility through the skies on fuel-efficient flights, from US$150 per seat, a rate up to ten times more affordable than traditional chartering. Despite this innovation, urban air mobility is predicted to become even more affordable and environmentally sustainable with eVTOLs, a less expensive aircraft to produce, maintain and operate, relative to helicopters. Recent studies project that unmanned autonomous air taxi services could bring the price as low as $2 per mile.
“As we continue to advance on our development and look toward commercial flights within a few years, we are eager to work with Ascent. Thanks to Ascent’s unique operational experience, and growing footprint, we are now able to enrich our aircraft design and commercialisation approach, based on direct market insights. With this partnership, Urban Aeronautics can make an aircraft for the customer, with the customer,” says Dr. Rafi Yoeli, CEO of Urban Aeronautics.
(Source and image: Urban Aeronautics)

POWER PROJECT FINANCE

March 09, 2020

7 – 11 September 2020, Johannesburg Project finance is widely used for large infrastructure projects including thermal and renewable power projects....

Read More+
1934 – STEAMER CHELYUSKIN PIONEERS THE NORTHERN SEA ROUTE

March 08, 2020

"The conquest of the Arctic Ocean has long been the dream of mankind. As far back as the sixteenth century brave men felt the lure of the Polar regions....

Read More+
GAZPROM NEFT UNVEILS PLANS FOR ITS CAPE OKHTA SITE IN ST PETERSBURG

March 07, 2020

Gazprom Neft has confirmed the outcomes of its international architecture contest for developing the company’s Cape Okhta site in St Petersburg....

Read More+
NEL AND KVAERNER TO COLLABORATE ON GREEN HYDROGEN PROJECTS

March 07, 2020

Norwegian firm, Nel ASA, has entered into a strategic collaboration agreement with the global EPC company Kværner, The companies will collaborate...

Read More+
EXXONMOBIL – PROGRESS ON LONG TERM GROWTH STRATEGY

March 06, 2020

ExxonMobil continues to make progress on the company’s long-term growth plans by investing through the commodity price cycle to capture high-value...

Read More+
EQUINOR AND SHELL SIGN AGREEMENT ON DIGITAL COLLABORATION

March 06, 2020

Equinor and Shell have signed a Memorandum of Understanding on digital collaboration to develop solutions and methods together through the exchange...

Read More+
CO2 STORAGE – EQUINOR AND PARTNERS COMPLETE NORTHERN LIGHTS WELL

March 06, 2020

Equinor and partners Shell and Total have completed the drilling of confirmation well 31/5-7 Eos south of the Troll field in the North Sea. The purpose...

Read More+
WEATHERFORD INTRODUCES CENTRO DIGITAL WELL DELIVERY

March 06, 2020

Weatherford International introduced Centro, a holistic approach to effectively managing complex wellsite operations digitally. By seamlessly integrating...

Read More+
GAS & LNG MARKETS, CONTRACTS & PRICING

March 06, 2020

16 – 20 March 2020, Singapore 28 Sep – 2 Oct 2020, Port of Spain 23 – 27 Nov 2020, Singapore Due to the complex geopolitical nature of gas/ LNG...

Read More+
ALLSEAS TO CONVERT VITORIA 10000 DRILLSHIP TO POLYMETALLIC NODULE COLLECTION VESSEL

March 05, 2020

Allseas has acquired the former ultra-deepwater drill ship Vitoria 10000 for conversion to a polymetallic nodule collection vessel. She is 228 m long,...

Read More+
GAZPROM NEFT INCREASED PRODUCTION BY 22% AT MESSOYAKHSKOE IN GYDAN PENINSULA

March 05, 2020

Messoyakhaneftegaz, the Gazpromneft/Rosneft joint venture, delivered total production of more than 5.6 million tonnes of oil equivalent (mtoe) as at...

Read More+
SEMPRA ENERGY AND BECHTEL SIGN EPC AGREEMENT

March 05, 2020

Sempra Energy and Bechtel today announced that their respective subsidiaries, Port Arthur LNG, LLC and Bechtel Oil, Gas, and Chemicals, Inc., have...

Read More+