Exclusive Interview: Horizon Aircraft CEO (NASDAQ:HOVR) on the Future of Sustainable Air Travel

Horizon Aircraft, a company that recently went public, is building a hybrid electric vertical takeoff and landing aircraft. The aircraft can take off and land vertically, like a helicopter, but can also transform into a normal aircraft configuration and fly twice as fast. The company's decision to go public was driven by finding a great partner and wanting to share the journey with retail investors. They have also secured a significant deal with Jet Set Go. The market for EVTOL aircraft is projected to grow from $1.2 billion in 2023 to $22-24 billion by 2030, driven by advancements in technology and the need for efficient transportation in congested areas. Horizon Aircraft's competitive advantage lies in its hybrid electric system, longer range, and ability to land conventionally. The industry has made significant progress in terms of certification and is poised for growth in the coming years. Takeaways: -Horizon Aircraft is building a hybrid electric vertical takeoff and landing aircraft that can transform from a helicopter-like configuration to a normal aircraft and fly twice as fast. -The company went public to find a great partner, raise capital, and share the journey with retail investors. -Horizon Aircraft has secured a significant deal with Jet Set Go, an operational company in the air taxi space. -The market for EVTOL aircraft is projected to grow to $22-24 billion by 2030, driven by advancements in technology and the need for efficient transportation in congested areas. Chapters: 00:00 - Introduction and IPO 01:10 - Testing the Prototype 02:55 - Overview of the Company's Product 03:52 - Reasons for Going Public 04:50 - Collaboration with Jet Set Go 06:16 - Current and Future Use Cases 07:40 - Competitive Advantage of Cavalryte X7 09:06 - Factors Driving Market Growth 10:34 - Distinguishing Features of the Aircraft 11:30 - Airspace Congestion and Certification 12:21 - Price Point and Retail Availability 13:47 - Retail Investor Understanding of EVTOL Industry 14:44 - Future of the Industry 15:14 - Closing Remarks Check out www.benzinga.com for complete coverage along with all the latest financial news and data! Follow us Online! 📸Instagram: www.instagram.com/benzinga 👍Facebook: www.facebook.com/Benzinga 📱TikTok: www.tiktok.com/@benzinga 🐤Twitter: twitter.com/Benzinga Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions. #Benzinga $HOVR