Vertical Aerospace (EVTL) Company Report

Vertical Aerospace Ltd. (EVTL) has called an Extraordinary General Meeting (EGM) for January 20, 2026, to consider and pass resolutions related to an increase in its authorized share capital.
The company proposes to increase its authorized share capital from US$210,000 to US$1,010,000, which would raise the number of ordinary shares from 200,000,000 to 1,000,000,000, each with a par value of US$0.001.
The Board of Directors unanimously recommends shareholders approve this increase, stating it will provide the company with increased flexibility for future corporate needs and anticipated share issuances.
Only shareholders of record as of the close of business on December 29, 2025, are eligible to receive notice of and vote at the EGM.

Dec 29, 2025, 11:02 AM

6-K

Vertical Aerospace Progresses Towards Full Piloted Transition Flight

EVTL

New Projects/Investments

Vertical Aerospace's full-scale prototype has completed ten flights since receiving its Permit to Fly on November 13, 2025, successfully expanding the majority of the transition envelope.
The company anticipates achieving full piloted transition in early 2026 and has been granted additional regulatory privileges by the UK Civil Aviation Authority (CAA) to approve Flight Conditions and issue its own Permits to Fly.

Dec 19, 2025, 2:49 PM

Press Release

Vertical Aerospace Unveils New Valo eVTOL Aircraft

EVTL

Product Launch

New Projects/Investments

Vertical Aerospace Ltd. (EVTL) unveiled Valo, its new commercial eVTOL aircraft, on December 10, 2025, which is designed to succeed the VX4 prototype.
Valo is targeting airliner-level safety certification in 2028 before entering service, and it is engineered to fly up to 100 miles at speeds of up to 150 mph with zero operating emissions.
The aircraft features a premium cabin for up to 6 passengers and the largest cargo hold in its class, with approximately 1,500 pre-orders already secured.
Vertical Aerospace will build seven certification aircraft in the UK to support final testing, marking the UK's return to commercial aircraft manufacturing.

Dec 10, 2025, 11:00 AM

6-K

Vertical Aerospace Announces UK Electric Air Taxi Network with Skyports and Bristow

EVTL

New Projects/Investments

Product Launch

Vertical Aerospace, in partnership with Skyports Infrastructure and Bristow Group, announced plans to launch the UK's first electric air-taxi network starting in Q1 2029.
The proposed routes, including Canary Wharf to Heathrow, Gatwick, Cambridge, and Oxford, aim to significantly reduce travel times, such as cutting a typical Canary Wharf-to-Heathrow transfer to 12 minutes by air.
This collaboration integrates Vertical's newly unveiled Valo eVTOL aircraft, Skyports' infrastructure, and Bristow's operational expertise.
The Valo aircraft is a piloted, four-passenger Electric Vertical Take-Off and Landing (eVTOL) aircraft designed to fly up to 100 miles at up to 150 mph with zero operating emissions.
Vertical Aerospace has approximately 1,500 pre-orders for Valo and targets producing 175 aircraft by 2030, ramping to 225+ annually by Q4 2030.

Dec 10, 2025, 12:05 AM

Press Release

Vertical Aerospace Secures Long-Term Syensqo Deal for VX4 Composites

EVTL

New Projects/Investments

Vertical Aerospace has entered into a long-term supply partnership with Syensqo to integrate advanced composite and adhesive materials across the entire structure of its VX4 electric vertical take-off and landing (eVTOL) aircraft.
Syensqo's materials will be used on critical parts such as the wing, empennage, pylons, and fuselage, supporting the VX4's durability and structural efficiency.
The VX4's airframe will be manufactured by Aciturri, a leading global aerostructures supplier, facilitating Vertical Aerospace's transition toward full commercial production.
The company targets certification for the VX4 by 2028.
Vertical Aerospace currently has no revenues but significant losses, reflecting its developmental stage.

Dec 8, 2025, 8:07 AM

Morningstar

Vertical Aerospace Insiders and Majority Shareholder Increase Stakes

EVTL

Share Buyback

New Projects/Investments

Vertical Aerospace's Board of Directors and senior leadership team increased their aggregate holdings of ordinary shares by approximately 50% through open-market purchases in November 2025.
Mudrick Capital Management, LP, the company's majority shareholder, also increased its position by 350,000 shares via open-market purchases since November 24, 2025.
These share purchases underscore leadership's strong confidence in the company's long-term value creation and upcoming milestones, including the completion of Phase 4 Transition Flight and the unveiling of its new full-size aircraft on December 10, 2025.
Company founder Stephen Fitzpatrick's directly held shares decreased significantly, representing less than 0.4% of the company's ordinary shares as of November 28, 2025, down from approximately 15% on January 1, 2025.

Dec 1, 2025, 12:00 PM

6-K

Vertical Aerospace Receives Permit to Fly and Commences Final Phase of VX4 Flight Testing

EVTL

New Projects/Investments

Product Launch

Vertical Aerospace (EVTL) has received its Permit to Fly from the UK Civil Aviation Authority (CAA), enabling the commencement of 'Phase 4 – Transition' flight testing for its VX4 prototype.
This phase, the final stage of the VX4 prototype flight-test program, involves the aircraft seamlessly shifting between hover and wingborne flight.
The first flight of this critical phase occurred on November 13, 2025, and the company remains on track to complete transition testing by the end of 2025.

Nov 13, 2025, 12:07 PM

Press Release

Vertical Aerospace Provides Update on VX4 Certification and Operations

EVTL

New Projects/Investments

Board Change

Vertical Aerospace is advancing its electric vertical-takeoff-and-landing (eVTOL) program, targeting type certification by 2028 with an estimated $700 million investment.
The company plans to complete full transition flights by the end of 2025 and will publicly unveil its certification-conforming aircraft on December 10, 2025.
Vertical Aerospace has sufficient cash reserves to sustain operations until mid-2026 but faces financial challenges, including operational losses, despite holding approximately 1,500 pre-orders.
The company strengthened its board with the addition of former EASA Director General Patrick Ky and aims for commercial production of 175 aircraft annually by 2030 with a 20% gross margin.

Nov 4, 2025, 1:42 PM

Morningstar

EVTL Commences Piloted Transition Flights for VX4 Aircraft

EVTL

Product Launch

New Projects/Investments

Guidance Update

Piloted Transition Flights for the VX4 aircraft have commenced this week, marking an industry first for eVTOL aircraft under Permit to Fly oversight.
Vertical Aerospace is focused on the VX4 aircraft, emphasizing its design for safety and operator economics, aiming for a 10-9 Safety Standard.
The company is actively seeking a Global Strategic Partner to support manufacturing and commercialization efforts, outlining specific criteria for this alliance.
Vertical Aerospace highlights significant risks, including the need to raise additional capital, recurring losses, and the ongoing challenge of obtaining necessary certifications for the VX4 aircraft, which is not yet certified. The company also expects net cash outflows for FY 2025.

Nov 4, 2025, 1:30 PM

Presentation

Vertical Aerospace Provides Q3 2025 Business Update, Highlights Piloted Transition Flight Progress and Strategic Partnership Search

EVTL

Guidance Update

New Projects/Investments

Vertical Aerospace is set to begin its piloted transition flight test campaign later this week (Q3 2025), which is a critical de-risking step for the VX4 development and certification program.
As of November 4, 2025, Vertical Aerospace's cash position was $117 million, with full-year 2025 spend guidance maintained at $110 million - $125 million.
The VX4 aircraft is designed to scale from four to six passengers, which is projected to increase operator revenue by 50% and more than double annual operating profit potential.
Vertical Aerospace is actively seeking a strategic industrial partner to support its ramp from certification to commercialization, with confidence that a transaction will conclude shortly.
The total estimated investment to achieve 2028 certification is $1.1 billion, with $235 million anticipated to be spent over the next 12 months.