John Wyzykowski joins from Lilium, bringing significant eVTOL technical experience TORONTO, Feb. 12, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), an advanced aerospace engineering company and developer of the world's first eVTOL (electric Vertical Take-Off and Landing) that can fly most of its mission exactly like a normal aircraft, today announces that John Wyzykowski has been appointed as a Technical Expert. Horizon Aircraft today announced that John Wyzykowski has joined the company as a Technical Expert to support the development of its propulsion systems. John is the latest in a series of new h

TORONTO, Ontario, Jan. 27, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Vertical Take-Off and Landing ("eVTOL") aircraft developer, announced today that it has received written notice from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Listing Rule 5550(b), satisfying the Equity Standard in Listing Rule 5550(b)(1). As a result, the Company's shares will remain listed on the Nasdaq Capital Market. In addition, as it relates to Listing Rule 5550(a)(2) (the "Bid Price Rule"), the S

~ Horizon Aircraft Will Deliver 5 Cavorite X7s in 2028 ~ ~ The Cavorite X7 Provides a Cost-Effective Alternative to Traditional Helicopters with Twice the Speed and up 75% Lower Operating Costs ~ TORONTO, Jan. 10, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Vertical Take-Off and Landing ("eVTOL") aircraft developer, announced today it has signed a Letter of Intent ("LOI") with Discovery Air Chile Ltda., a leading Chilean helicopter operator to lease five Cavorite X7 eVTOLs with a projected delivery timeline of 2028. The addition of this unique eVTOL aircraft w

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TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), an advanced aerospace engineering company and developer of the world's first eVTOL (electric Vertical Take-Off and Landing) that can fly most of its mission exactly like a normal aircraft, today announces that Tom Brassington has been appointed as Chief Technology Officer. Tom is the latest in a series of new hires as Horizon Aircraft continues to bolster its engineering team with people who have proven track records in the aerospace sector. Tom joins from Lilium, a leading eVTOL developer, where he held the position of Head of System Des

TORONTO, July 10, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), an advanced aerospace engineering company and developer of the world's first eVTOL (electric Vertical Take-Off and Landing) that can fly most of its mission exactly like a normal aircraft, today announces that Phil Kelly has been appointed as Senior Vice President Business Development. Phil's illustrious career in aerospace spans four decades, from his strike fighter experience in flying Sea Harrier FA2 and Harrier GR7/9A aircraft to his last role as Head Carrier Strike and Maritime Aviation in the Develop directorate of NCHQ, where he le

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