Vertical Aerospace to go public in $2.2 billion SPAC deal [Reuters]
Broadstone Acquisition Corp. Class A Ordinary Shares (BSN)
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Source: Reuters
go public through a merger with a blank-check firm in a deal valued at $2.2 billion, the company said on Thursday. FILE PHOTO: An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake Vertical Aerospace said it has pre-orders for up to 1,000 eVTOL aircraft with launch customers Avolon and American Airlines, along with a pre-order option from Virgin Atlantic, all valued at up to $4 billion. “If you think about transportation strategically this is the next big frontier,” Domhnal Slattery, chief executive of Avolon, the world's third-largest aircraft leasing company, told Reuters in an interview. “Whether it is airlines operating this as an add-on product or ride sharing businesses in different jurisdictions, I think it is going to take a lot of different forms over time.” Investment in the zero-emission electric aircraft comes at a time when aviation companies are under
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