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Stock impact report

This vertical take-off gyrocopter could ‘replace helicopters' [CNN]

Joby Aviation, Inc. (JOBY) 
Company Research Source: CNN
revived, with the aim of offering a cheaper and greener alternative to modern helicopters. “For years we have been looking for a real, practical solution to the needs of advanced air mobility,” said Dr Seyed Mohseni, CEO and founder of UK-based ARC AeroSystems, which is developing the vehicle. “This is an already established solution that was forgotten.” In the 1960s, a group of former engineers from aircraft manufacturer Avro Canada were developing The Avian 2/180. It was a gyroplane, a type of aircraft that debuted in the 1920s. Also known as autogyros, gyroplanes use a rotor on top for lift and a propeller at the back for forward movement — but unlike a helicopter, the top rotor isn't powered by an engine. Instead, it's powered by air passing through the rotor as the vehicle moves forward. Standard gyroplanes require a runway, but the Avian 2/180 was able to launch vertically via a hopping-style take-off. Avian Aircraft developed a model certified airworthy by the US Federal Show less Read more
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