UK's Electric Aviation Future: Vertical Aerospace's Big Plans
Vertical Aerospace is making significant strides in the UK's aerospace sector, focusing on electric planes and promising substantial economic growth and job creation by 2035.
Current and Future Workforce
- Current Employees: 479
- Projected Employees by 2035: 2,200
- Impact: Enhanced skilled job opportunities in the UK
VX4 Aircraft: The Game Changer
The VX4 aircraft, currently in development, is already attracting foreign investment and strengthening supply chains, particularly in the South West of England.
Financial Projections
- Annual Revenue by 2035: Nearly £9 billion
- Primary Source of Revenue: Exports
Investment and Production Sites
- Investment Plan: Around £400 million into production sites
- Potential Benefits: Boost to the UK's advanced manufacturing and skills base
- Decision Timeline: Location decisions expected within the next six months
Leadership Vision
Stuart Simpson, CEO of Vertical Aerospace, is optimistic about the UK's potential for a new industrial opportunity. He emphasizes the importance of the next few months for advanced testing and site selection.
Industry Collaboration
David Stepanek, Executive Vice President at Bristow Group, highlights Vertical Aerospace's enormous potential and Bristow's readiness to support electric air mobility.
Environmental and Technological Impact
The VX4 is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft with zero operating emissions. A hybrid-electric variant is also in development to meet evolving market needs.
Strategic Partnerships and Pre-Orders
- Key Partners: GKN, Honeywell, Aciturri
- Pre-Orders: Over 1,500 from customers across four continents
- Notable Customers: American Airlines, Japan Airlines, GOL, Bristow
Risks and Uncertainties
- Industry Performance
- Regulatory Environment
- General Business and Economic Conditions
