“We are honoured that the Czech Ministry of Interior has chosen the H145 to support its vital missions. As the Czech police currently operate the H135, transitioning to the H145 is the logical next step in their fleet’s evolution, allowing crews and maintenance teams to benefit from a high degree of commonality and ensure seamless operational readiness from day one,” said Thomas Hein, Head of Europe Region at Airbus Helicopters. “This agreement highlights the H145’s versatility as a multi-mission aircraft, capable of shifting quickly from demanding police work to life-saving rescue duties. In choosing the H145, the Czech police forces are joining a large number of law enforcement operators across Europe who have placed their trust in this platform, including several state police forces in Germany, the French Gendarmerie, and the Lithuanian Border Guards,” he added.

Airbus and the Czech Republic share a significant 25-year history. Airbus recognises the country’s strategic importance within the region, as well as its robust capabilities and expertise that continue to power the future of aviation. Airbus currently sources over €200 million worth of goods from the Czech Republic annually, making it a key contributor to the production of our commercial aircraft.

The Czech Police Aviation Service is a long-standing operator of Airbus products, currently utilising a fleet that includes nine H135 family helicopters. This fleet will be replaced by the five-bladed H145, which will significantly enhance their tactical range and lifting capacity while streamlining maintenance through advanced digital systems.

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SkyOS’ emergency autoland capability will enable any aircraft to execute a safe emergency landing sequence with the swipe of a finger, leveraging the system’s triply redundant fly-by-wire architecture that includes human-machine interface, advanced sensor fusion suite, and software-defined flight control laws. By autonomously managing the entire landing sequence in emergency situations, SkyOS’ emergency autoland will maintain a safe and stable aircraft profile, navigate to a suitable landing site, manage energy, and perform approach and touchdown. Unlike legacy autoland systems, which are currently confined to airplanes and typically limited to specific models, Skyryse’s approach treats emergency autoland as a core SkyOS function, allowing for deterministic performance and scalable deployment across multiple aircraft categories.

When engaged, either by pilots or passengers, SkyOS’ emergency autoland monitors aircraft altitude, speed, trajectory, and envelope limits. Then, while managing power, SkyOS autonomously executes a controlled approach and landing appropriate to the environment. SkyOS’ emergency autoland capability will build on existing SkyOS features, including inherent stability and simplified flight controls, as well as dynamic envelope protection, including terrain awareness and obstacle detection, as well as fuel monitoring and weather assessment.

For helicopters in particular, autoland represents a significant safety upgrade. Helicopter operations routinely involve low-altitude flight, confined landing areas, high pilot workload, and complex energy management, especially during emergencies such as pilot incapacitation, degraded visibility, or system failures. Historically, these factors have made automated landing solutions for helicopters extremely difficult to deploy. Skyryse’s emergency autoland continues the company’s legacy in creating first-ever, lifesaving technology, including having successfully automated engine-out landing, also known as an autorotation (which is one of the most complicated emergency scenarios to navigate in a helicopter).

Across aviation, accidents during takeoff and landing are more common than during any other phase of flight. This is because pilots are in transition with some of the highest workloads, requiring intricate coordination of various systems and pilot attention. Skyryse has also automated the helicopter pickup and set-down sequence, empowering pilots to initiate these critical phases with a swipe of a finger.

“By creating a holistic software-hardware solution like SkyOS, we’re able to develop and integrate lifesaving features like emergency autoland at unprecedented speed,” said Founder and CEO Mark Groden. “When we started the company, we focused on flight automation in helicopters first because that is the hardest engineering challenge to solve. Every other aircraft is a subset of those requirements. Helicopters operate in environments where pilot workload is extremely high, and margins are often razor-thin, and that’s why we’re especially proud to take the 10 years of development and testing we’ve put into SkyOS to date, and continue to add features and capabilities that the aviation industry needs most. SkyOS allows us to treat airplanes and helicopters as software-defined vehicles, enabling levels of automation that simply weren’t practical with legacy systems.”

Skyryse expects SkyOS’ autoland feature to support use cases such as pilot incapacitation, spatial disorientation, severe weather encounters, and other emergency situations. Development and certification for integration into helicopters will proceed in close coordination with regulators, following certification of Skyryse One.

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On 5 May 2026, we officially unveiled our vertipad panel patent, Aeroberm — simultaneously on two continents.

At the Vertical Fight Society Forum 82 in West Palm Beach, Florida, I presented alongside Swinburne University researcher Andrew Che to an audience of the world’s leading rotorcraft engineers and aviation innovators. At exactly the same time on the Gold Coast, Professor Justin Leontini of Swinburne University presented at Rotortech 2026 — Australia’s premier rotorcraft industry event.

The centrepiece of the launch was the Aeroberm fractal panel — the patented surface technology at the heart of our vertipad system. The fractal panel uses self-similar geometry to simultaneously absorb rotor vortices across all scales, breaking up the coherent vortex cores that produce dangerous outwash at pad edges. The result is a dramatic reduction in the safety footprint required for urban vertipad deployment — directly addressing the FAA’s Engineering Brief 105A threshold of 34.5 mph for the safety zone.

This is not just a concept. It is backed by peer-reviewed computational fluid dynamics research conducted by Swinburne University — the first CFD modelling of fractal surface geometry ever applied to eVTOL ground operations.

The fractal panel is one part of a system designed to solve the four showstoppers that are currently preventing vertiports from being built at scale: downwash and outwash, noise, lithium-ion battery fire risk, and cost. No other vertipad product on the market addresses all four.

Note that Aeroberm is 100% owned by Skyportz Australia Pty Ltd so if you are a shareholder you are also a part owner of this exciting innovation that we hope will become the standard for vertiports.

Australian Government Backing

The Australian Government has awarded Skyportz a $250,000 grant under the Industry Growth Program to develop a modular prototype product — matched by Skyportz to create a $500,000 research and development pool. This funding will engage researchers, patent specialists, and industrial designers to take Aeroberm from validated concept to physical prototype.

Building the first prototype is now our primary focus. It is the step that transforms Aeroberm from a patent and University led research study into a scalable product.

What’s Happening Internationally

The launch has opened doors. We have active commercial conversations underway in Japan, Oman, China, UAE and the United States. We have offered our IP at no charge to participants in the US Department of Transportation’s Enhanced Industry Partnership Program — positioning Aeroberm inside the US regulatory trial framework from the ground up.

We are also in early discussions with several significant infrastructure and property partners who understand that owning the backbone of a vertipad network — before the aircraft arrive — is the strategic play.

The industry will soon have electric air taxis.

But where can they land?

Tens of billions of dollars have been invested in eVTOL aircraft. Very little has been invested to date in where they will land. Yet without an extensive network of landing infrastructure at places people want to go, none of that investment can deliver on its promise.

Limiting deployment to existing airports and heliports produces nothing more than an expensive evolution of helicopter services. The transformative vision — aviation on demand, at the density of ride-sharing — requires vertipads where people actually are: on buildings, in suburbs, at regional hubs.

That infrastructure does not exist. Four critical barriers are preventing it from being built.

The Four Showstoppers — And How Aeroberm Solves Each

Cost.

Bespoke vertiport construction costs are prohibitive for most developers. Aeroberm’s off the shelf, modular, deployable design brings vertipad infrastructure within reach for property owners, developers, and regional operators.

Downwash and outwash.

The FAA’s Engineering Brief 105A sets a 34.5 mph outwash boundary threshold. Meeting that standard on conventional tarmac demands vast buffer zones — land that doesn’t exist in mature cities or exists only at prohibitive cost. Aeroberm’s fractal panels redirect and dissipate outwash, dramatically shrinking the required safety footprint.

Noise.

eVTOL aircraft are quiet at altitude. They are not quiet at take-off and landing. Aeroberm’s fractal panel technology reduces acoustic impact at the vertipad — a prerequisite for community acceptance in dense urban environments.

Fire safety.

Lithium-ion thermal runaway is a dealbreaker for building owners being asked to host vertiports. Aeroberm’s integrated immersion-based “dunk tank” system contains and neutralises battery fires — protecting surrounding tenants and eliminating the extended evacuations that would make vertipad hosting commercially and reputationally untenable.

Investment opportunities

We are not currently raising funds however, if you are an existing shareholder and wish to buy or sell shares please get in touch via email to discuss.

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“At UT Tyler, our mission is linked to the well-being of East Texas,” said Dr. Jenifer Chilton, School of Nursing dean. “In everything we do, we let the specific needs of our community guide our programs and training. By launching this simulation center, we are not just advancing nursing education; we are directly responding to the unique geographic challenges of our region and ensuring that our neighbors in even the most rural areas have access to the highest level of critical care.”

According to the U.S. Census Bureau, 56% of East Texas’ residents live in rural areas — the largest percentage of any region in the state. With most of the population spread across thousands of square miles, having a highly trained flight medical crew is vitally important. Both nurses and paramedics in the program participate in simulations as a team, shadow onboard actual helicopters and complete a variety of clinical rotations.

“As far as I’m aware, this is the only flight program in the nation that includes this depth of instruction and breadth of clinical rotations — and the only of its kind that trains both paramedics and nurses,” says Dr. Carlton Rojas, the UT Tyler School of Nursing critical care transportation education director. “This program will revolutionize the way we train our flight crews, throughout the region, the state and the nation.”

The two-semester continuing education program, delivered in a hybrid format, accepts paramedics and registered nurses. Students will participate in online lectures, exams, assignments and skills and simulation training. For more information, visit uttyler.edu/critical-care-transport or email CCTcourse@uttyler.edu.

With a mission to improve educational and health care outcomes for East Texas and beyond, UT Tyler offers more than 90 undergraduate and graduate programs to more than 11,500 students. Through its alignment with UT Tyler Health Science Center and UT Health East Texas, UT Tyler has unified these entities to serve Texas with quality education, cutting-edge research and excellent patient care. Classified by Carnegie as a doctoral research institution and by U.S. News & World Report as a national university, UT Tyler has campuses in Tyler, Longview, Palestine and Houston.

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The charity has already secured pledges and donations for most of the £7m needed and has booked a slot on the production line.

However, the charity has not worded their press release very well.  The Mission Possible 2 Appeal was first announced in June of last year, by which time they had already raised £4 million for the same funding drive.  This equates to £2.5 million raised in the last 11 months.

The new AW109 helicopter is expected to be operational in October 2027 – but public donations are vital to achieving that goal.

“We’ve been incredibly fortunate to receive significant pledges and support from private funders already, but now we’re asking the people and communities of Lincolnshire and Nottinghamshire to help us get over the finish line and hit our £500,000 target,” said Karen.

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This contract provides evidence of the customer’s satisfaction with its first AW169, delivered in late 2025, as well as its continued reliance on Leonardo VIP helicopters, designed and crafted under its exclusive Agusta executive brand, as Havan has already operated several AW109 light twins over the years. This second AW169 shares with the first aircraft a similar configuration, featuring hinged cabin doors and a 4+2+2 seating layout, among others.

The introduction of Leonardo helicopters has been instrumental in extending reach and enabling rapid access to locations, as the number of shops has grown over the last 20 years, both in opening new shops and in business management.

The success of the AW169 in Latin America is growing rapidly. A total of 30 units have been sold across Brazil, Argentina, and Uruguay to date for various roles. Most of them were procured by Brazilian operators for passenger transport, law enforcement, firefighting, and rescue duties. The VIP/corporate transport role remains the most acclaimed in the country, with an existing fleet of 18 units and four additional aircraft planned for delivery and entry into service within 2026.

Latest certification standards, advanced navigation capabilities, high performance, cabin volume and comfort, customization possibilities and unique features, such as the APU-mode allowing the use of onboard equipment on-ground with rotors stopped, have been among the AW169’s key drivers for success in Brazil delivering passenger transport services.

In January 2026, the first Superior Performance Package-enabled AW169 VIP arrived for a Brazilian operator. This standard features software and avionics enhancements, an uprated transmission, greater power output, and increased payload and structural/aerodynamic modifications to further improve overall performance.

The type also leverages localized advanced technical support services through Leonardo’s Brazilian Service and Logistics Center in Itapevi, near São Paulo, which is now being further expanded with the addition of a new building to be completed by year-end, new services including enhancement of components repair and overhaul capabilities, as well as painting and completion. With this expansion, the Center will be able to host up to 28 helicopters at a time compared to today’s capacity of 20.

Designed with the principle of maximum flexibility, the AW169 continues to provide all-new capabilities to operators seeking an ideal combination of light-helicopter cost with higher-category performance, payload, and cabin space, all backed by comprehensive, ever-growing support and training services. The AW169 prioritizes both passenger well-being and crew efficiency. When the rotor blades are fully stopped, an auxiliary power unit (APU) mode allows for the continued operation of heating/air conditioning, radios, and electrical support for on-board equipment. The modern glass cockpit with touchscreen devices allows the pilot rapid access to information and greater visualization and situational awareness. Over 380 AW169s  are on order today by operators in over 30 countries for the widest scope of applications, including VIP transport, EMS, utility, energy support, law enforcement, disaster relief, firefighting, electronic newsgathering, and Government duties.

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Our flight test team was proud to share this milestone together with Metro Aviation.

Commenting after the flight, our Chief Test Pilot, Richard Grant, said: “John adapted very naturally to AW09 and was quickly able to explore the aircraft’s handling characteristics and overall performance. It was extremely rewarding to see such a positive reaction from an experienced operator.”

Metro Aviation, our AW09 distributor in the United-States and Canada, is a leading provider of helicopter solutions, with strong expertise in air medical and law enforcement operations.

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The Government of the Philippines has requested to buy Bell 505 Jet Ranger X Helicopters; spare parts including main rotor blades; tail rotor blades; full length trainer shoes; pilot training for twenty-two (22) pilots including ground and flight training, left seat orientation, and Instrument Meteorological Conditions and Helicopter Upset Recovery; maintenance training for six (6) students including Bell 505 Maintenance Officer Course; field maintenance, integrated avionics, component maintenance, and Safran engine maintenance training for twenty-two (22) students. This proposed acquisition also includes Bell 505 Veris flight simulators; an Integrated Logistics Support (ILS) package for five (5) years, and operator and maintenance training for six (6) students; Field Support Representative and Logistics Support Representative for one (1) year; ILS, tools, and ground support equipment for two (2) operating bases supporting twenty-two (22) aircraft operating two hundred (200) hours per year for a duration of five (5) years; subscriptions including electronic online; technical publications for twenty (20) years; Garmin subscription for five (5) years; Program Management Reviews for three (3) years hosted once annually; delivery and reassembly of the Bell 505 Jet Ranger X Helicopters; and other related elements of logistics and program support.

This proposed sale will support the foreign policy and national security of the United States by helping to improve the security of a treaty Ally that continues to be an important partner for political stability, peace, and economic progress in the Southeast Asia.

The proposed sale will improve the Philippines’ capability to meet current and future threats by addressing aircraft competency gaps in operating rotary wing aircraft as part of an upgraded Bell 505 Jet Ranger X Helicopter modern aircraft equipped with advanced system and thereby enhancing comprehensive training.  This enhanced capability will facilitate the smooth transition for pilots to more complex rotary aircraft within the Armed Forces Philippines, and it is a cost-effective solution for developing rotary wing pilots.

The principal contractor will be Bell Textron Inc., located in Fort Worth, Texas.

There will be no adverse impact on U.S. defense readiness as a result of this proposed sale.

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“The primary objective was to test the feasibility of a non-kinetic drop and deployment of a first-person view drone from a moving helicopter, which we were able to do today,” said Capt. Quinton Thornbury, a UH-1Y Venom pilot with Marine Light Attack Helicopter Squadron (HMLA) 169, Marine Air Group 39, 3rd Marine Aircraft Wing. “From there, validate that we can control the maneuver of that drone from the back of the aircraft.”

The exercise tested a critical battlefield scenario where ground forces from 3rd LAR launched a Neros Archer FPV drone. Once airborne, control of the drone was seamlessly handed off to a specialized operator team inside a UH-1Y Venom helicopter orbiting safely miles away. The Venom, leveraging its superior altitude and mobility, became a flying command post, directing the drone to its target and validating the aircraft’s role as an aerial control station.

This utilization of drones alongside manned aircraft is designed to counter the growing danger of more sophisticated air defense systems that force helicopters to operate from farther away, limiting their effectiveness. By pairing the H-1’s endurance and perspective with the drone’s speed and expendability, the Marine Corps is taking the next step the integration of drones on the battlefield.

This tactic allows us to keep our air crews safe and sound while pushing the lethal edge of the battlefield out to where the enemy is. “We are still providing our ground support, and close air support, but in a way that lets the drones close with and destroy the enemy, rather than putting our Marines in harm’s way,” said Sgt. Matthew Pocklington, a UH-1Y crew chief, with HMLA-169, MAG-39, 3rd MAW. Blending the strengths of a proven aviation platform with an agile, attritable weapon. It gives commanders a scalable, cost-effective option to service a wide range of threats without risking the aircraft or expending expensive munitions on every target.

The Neros Archer, already the most common FPV system in the Marine Corps infantry, was selected for its proven performance and existing logistical support, which accelerates integration.

The successful demonstration proved the viability of using FPV drones as a remote extension of the helicopter’s own sensors and weapons. The small, precise nature of the drones also minimizes collateral damage, a critical risk factor in complex environments. By enabling helicopter formations to detect, target, and engage everything from enemy armor to maritime craft from a safe distance, this innovation ensures the H-1 platform will remain a dominant and relevant force on the battlefields of tomorrow.

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In 2025, Rotortrade completed transactions across more than 30 countries in APAC and MEA, including Australia, New Zealand, Indonesia, India, Japan, UAE, South Africa, Nigeria, Zambia and Tajikistan. The company delivered a wide range of helicopter types, including H225, AW139, AW169, 412EP, H145, AW109SP/T, 135T3, 119Kx and AS350/H125, supporting diverse mission profiles such as offshore (OGP), EMS, firefighting, utility, passenger transport and VIP operations.

Together, APAC and MEA accounted for more than 40% of Rotortrade’s total revenue and profit contribution in 2025, continuing to reflect their leading role within the company’s global footprint.

APAC continues to show strong momentum. In 2025, the region recorded bottom-line contribution growth of up to 50% year-on-year, aligned with Rotortrade’s overall global performance, representing 25% of total company sales and margin and 35% of total transactions. Rotortrade’s activity spanned 12 countries across ANZ, Southeast Asia, China, India, Japan and Central Asia, with demand primarily driven by utility and EMS missions, alongside OGP, Corporate/VIP and SAR operations.

In Australia and New Zealand alone, Rotortrade secured 7 helicopter bookings in 2025, including 6 twin-engine and 1 single-engine aircraft, reflecting sustained demand for both light twin and mission-capable platforms in the region.

Across APAC and MEA, market activity continues to be supported by demand for versatile and cost-efficient helicopters, ranging from light single- and twin-engine platforms to medium twins supporting offshore and mission-critical operations. These dynamics remain broadly consistent with global trends, where EMS, utility and VIP configurations continue to represent a significant share of transaction volumes.

Rotortrade’s ability to operate across these markets is supported by its integrated model combining helicopter sales, financing and leasing solutions, and in-house maintenance (MRO) capabilities. This end-to-end approach enables the company to deliver aircraft that are fully prepared for operations, while supporting customers throughout the asset lifecycle.

Commenting on the regional performance, Philippe Lubrano, Founder & CEO of Rotortrade, stated: “We continue to see Asia-Pacific and the Middle East & Africa as leading regions within our global business. The diversity of missions and the increasing operational requirements across these markets support steady demand for reliable, well-configured aircraft. Our focus remains on delivering solutions that go beyond the transaction, supporting our customers with the right aircraft, financing structures, and technical capabilities over the long term.”

Aurélien Blanc, Executive VP, Head of Region APAC & MEA at Rotortrade, added: “Our focus has been on building strong foundations across these regions, with an emphasis on consistency, customer satisfaction, and long-term partnerships. This groundwork allows us to respond to operational requirements with the right level of support, combining aircraft availability, financing solutions, and maintenance capabilities. Over time, this approach continues to strengthen our relationships with operators across both mature and developing markets.”

As Rotortrade continues to expand its international footprint, APAC and MEA remain central to its long-term strategy, supported by ongoing investment in regional capabilities and global infrastructure.

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The facility will support Ultimate Aviation Group’s UK operations as it expands offshore personnel transport capability in the North Sea with two new Leonardo AW139 helicopters, configured in line with International Association of Oil & Gas Producers (IOGP) standards.

The transaction marks Investec CIB’s first deal with the Group’s UK business, establishing a new client relationship and reinforcing its growing presence in the UK and European aviation finance market.

The facility was utilised by Ultimate to fund helicopter pre-delivery payments and execute on a time-sensitive growth opportunity, at a time when global aviation manufacturing capacity remains constrained and delivery timelines typically span three to four years.

“Limited production availability and long lead times continue to define the global aviation market, which places a premium on speed, flexibility and certainty of execution,” says Marc Abraham from Investec CIB Aviation Finance.

“In this transaction, we worked closely with Ultimate Aviation Group to structure a flexible corporate facility aligned to their operational requirements, demonstrating our ability to deliver tailored funding solutions in complex and specialised areas of the aviation market.”

The transaction reflects Investec’s ability to originate and execute more complex, non-standard aviation financing structures, particularly in specialist segments such as offshore helicopter operations, where funding solutions often require greater flexibility.

Ultimate Aviation Group has provided offshore aviation services from Aberdeen for more than two decades, supporting the energy sector across the North Sea.

The two new Leonardo AW139 helicopters, expected for delivery in Q4 2026 and Q1 2027, will enhance the company’s offshore crew change capabilities, enabling the safe and efficient transport of personnel to and from offshore installations in one of the world’s most demanding operating environments. Investec also provided Ultimate with a committed financing solution for the delivery of both helicopters.

Ultimate Aviation Group, headquartered in South Africa, is continuing to expand its European footprint, playing a key role in delivering specialised offshore air services across the region.

“This transaction signals our continued expansion in the UK and European aviation sector, where we see strong demand for flexible funding solutions in niche and mission-critical operations,” adds Abraham.

As a first transaction with the Group’s UK business, the facility lays the foundation for a longer-term relationship, with Investec CIB well positioned to support future growth through tailored aviation finance solutions.

“We specialise in performing air services in remote, austere and difficult working environments, providing turn-key operations in many challenging areas,” says Ultimate Aviation Group CEO Shaun Roseveare.

“As such, we value financial partners who can adapt funding structures to meet our operational needs. Having the right solution in place allows us to focus on safely and reliably delivering offshore crew change services to our clients.”

“This transaction reflects our deep understanding of aviation markets and our ability to structure bespoke solutions aligned to complex client requirements, while continuing to grow our presence in key international markets,” concludes Abraham.

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The exercise validated the real-time control of the drone and sharing of imagery between uncrewed systems, helicopters, and naval vessels to establish a multi-domain operational link. This capability allows the ship to access critical information from areas far beyond its own sensor range directly at the combat station.

During the trials, both uncrewed platforms performed take-offs and landings from the moving vessel. A pilot inside the H135 managed the drones during flight using the HTeaming tablet, which proved to be agnostic by successfully integrating the Alpha Unmanned Systems´ A900 . The demonstration consisted of a simulated high-speed boat chase during an ISTAR maritime operation, where the Flexrotor and Alpha 900 tracked the target and transmitted live footage to both the helicopter and the ship. The data was integrated into NAIAD (Naval Advanced Integrated Autonomous Vehicles Defence system), Navantia’s tactical integration system for unmanned vehicles, enabling command, control and interoperability of aerial, surface and underwater systems within SCOMBA, the Spanish Navy’s combat management system developed by Navantia.

“Airbus Helicopters is committed to exploring new frontiers in crewed-uncrewed teaming that brings real added value to customers,” said Fernando Lombo, Managing Director of Airbus Helicopters in Spain. “The close collaboration between pioneering companies such as Airbus, Navantia, and Alpha Unmanned Systems, combined with the trust of public entities like the Spanish Navy, shows our shared potential to strengthen Europe’s role as a sovereign leader in defence. By working together, we are proving that we can deliver the innovative technology necessary to secure a leading position on the global stage.”

The H135 crew managed the uncrewed platforms using the HTeaming tablet, Airbus Helicopters’  modular crewed-uncrewed teaming solution. This system empowers crews with full control over UAS in flight, allowing for the integration of uncrewed sensors into crewed operations to improve mission efficiency. In parallel, data from the UAS was processed through the Helicopter Integrated Tactical System, a tactical console developed by Airbus that acted as a bridge to the vessel. This ensured the information was compatible with the NAIAD/SCOMBA combat system.

Future developments will continue to build on this success by exploring drone swarm technology and further enhancing the integration between air and sea assets, as well as land transport.

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The certified device is a customized H145 FTD Level 5 operated by the prestigious Brazilian flight school Safety Flight. Installed in early 2024 and fully homologated after a process with the authorities, the simulator is specifically tailored for internal training, twin-engine transitions, and advanced IFR-H instruction.

Tailored engineering and fleet integration

To meet the school’s precise operational requirements, entrol developed a highly versatile configuration focused on maximizing training efficiency for twin-engine platforms.

A key highlight of this customized H45 unit is the incorporation of a dedicated tactile vibration system. This addition allows pilots to recognize critical aerodynamic states through physical sensation, providing an immersive and realistic environment crucial for high-complexity

A relationship built on world-class after-sales service

This milestone strengthens a long-term partnership that began in 2020. After experiencing the reliability of their first entrol device (an EC135-based simulator) delivered in 2022, Safety Flight decided to expand their fleet with the H145, driven heavily by the manufacturer’s top-tier support.

Antonio Gallucci, CEO of Safety Flight, shared a deep perspective on their journey and why they trust entrol:

“We started our professional life in 1984, when we began the basic helicopter pilot course; back then, there were only 4 schools in Brazil. Throughout this journey, after executing numerous helicopter missions in the Amazon rainforest, offshore, and executive flights, we decided to undertake our biggest flight: the transmission of accumulated knowledge. In 2020, we saw entrol on the internet and envisioned the possibility of a great leap.

After establishing a partnership with entrol, which proved to have state-of-the-art equipment, we also verified something even more important: a first-class after-sales service. For this reason, we received our second simulator, the H145. After a long process with ANAC, we received the homologation of our FTD, which allowed for even more professional training. With this equipment, we can demonstrate something we have affirmed throughout our careers: it is possible to ‘humanize the methods and not robotize the pilots’.”

Consolidating presence in South America

Securing this first ANAC approval confirms that entrol’s technology adapts seamlessly to the strict regulatory and technical demands of the Brazilian market, paving the way for future projects in South America.

Juanjo Lechosa, Business Development Manager at entrol, highlights the commercial impact of this achievement: “The certification by ANAC is a cornerstone in our strategy for Brazil. It confirms that our technology not only meets the highest technical standards but also responds perfectly to the specific regulatory requirements of the Brazilian market. We are proud to support Safety Flight once again in their mission to provide top-tier training, backed by our commitment to long-term technical support and innovation.”

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“Since the beginning of the year, BETA has made critical progress in support of our stepwise approach to electrify aviation, demonstrating our leadership position in the advanced air mobility sector as we prepare to enter eIPP operations,” said Kyle Clark, President and CEO. “We’ve created a complete system to bring electric aviation to market including training pilots, building aircraft and designing support systems. This strategy has led the best operators in the world to choose BETA as their partner and translates into tangible progress. In Q1, we led the industry with selections in seven of the eight eIPP launch programs; we added 16 sites to our nationwide charging network, and we secured additional contracts in our undersea propulsion work with General Dynamics. In parallel, for defense applications, we completed a preliminary design review on the hybrid turbogenerator with GE Aerospace that will initially support our MV250 VTOL. With more than 139,000 nautical miles flown to date all over the world, we are entering eIPP operations with hard-earned experience and momentum. We remain keenly focused on achieving type certifications and scaling production as we prepare to meet the tremendous demand, and ultimately change the way people fly.”

Business Highlights

• Advanced Certification: Completed the first company-conforming CTOL aircraft and surpassed 85,000 hours of flight and ground testing on H500A engines, including the completion of high-risk test conditions in lightning, icing and durability.
• Reached Key Technical Milestones: Successfully completed the preliminary design review of BETA’s hybrid-electric turbogenerator system in partnership with GE Aerospace, advancing next-generation propulsion capabilities and enhanced VTOL blade efficiency, while reducing noise and demonstrating lower transition energy in routine testing.
• Led eVTOL Integration Pilot Program Selections: Selected for 7 of 8 programs by the Federal Aviation Administration and U.S. Department of Transportation, the most of any electric aircraft developer. This accelerates BETA’s path to U.S. commercial electric aviation deployment. BETA was selected in programs that extend across 26 states, a testament to its technical progress and operational readiness.
• Grew Nationwide Charging Network: Expanded global charging network to 123 sites, signed agreement with the Florida Department of Transportation to provide 34 chargers and thermal management systems, supporting early market adoption and foundation for eIPP success.
• Drove Commercial Momentum: Added more than $375 million to our backlog, including a new partnership with Surf Air Mobility. Total commercial aircraft backlog grew to $3.9 billion across 991 aircraft.

Financial Highlights

• Q1 Revenue of $10.1 million
• Q1 Net loss of ($122.3) million
• Q1 Adjusted EBITDA of ($97.2) million

Revenues for the quarter ended March 31, 2026 were $10.1 million, compared to $9.6 million for the quarter ended March 31, 2025. Product revenues and Service revenues for the quarter ended March 31, 2026 were $0.9 million and $9.2 million, respectively.

Operating expenses for the quarter ended March 31, 2026 were $138.8 million, including research and development expenses of $91.7 million. Non-cash warrant expense related to the collaborative arrangement with GE Aerospace of $5.6 million was embedded in research and development expenses in the quarter ended March 31, 2026. Investments in research and development enable our certification programs and the further advancement of our enabling technologies.

Net loss and Adjusted EBITDA for the quarter ended March 31, 2026 were ($122.3) million and ($97.2) million, respectively.

Capital expenditures for the quarter ended March 31, 2026 were $24.2 million, compared to $6.7 million for the quarter ended March 31, 2025. Cash and cash equivalents totaled $1,589.4 million as of March 31, 2026, compared to $236.6 million as of March 31, 2025, as a result of successful private financings and the proceeds from our IPO.

Financial Outlook

BETA reaffirms full year 2026 revenues to be in the range of $39 million to $43 million and updates full year 2026 Adjusted EBITDA to be in the range of ($355) million to ($445) million.

BETA has not reconciled our forward-looking Adjusted EBITDA guidance because certain items that impact this non-GAAP metric are uncertain or out of BETA’s control and cannot be reasonably predicted. In particular, stock-based compensation expense is impacted by the future fair market value of BETA’s Class A common stock, BETA’s future hiring needs, and other factors, all of which are difficult to predict, subject to frequent change, or not within BETA’s control. The actual amount of these expenses during 2026 could materially affect BETA’s future GAAP financial results. Accordingly, a reconciliation of this forward-looking non-GAAP metric is not available without unreasonable effort.

Webcast and Conference Call Details

BETA will host a live webcast and conference call at 8:30 am ET today to discuss the quarter’s financial and operating results. A link to the live webcast and supporting materials can be accessed on the Company’s Investor Relations website and a replay webcast will be available following the call. Participants may also join the conference call by registering on our Investors Relations website.

Investors should note that BETA may use our website (investors.beta.team) and BETA’s company account on Instagram and LinkedIn as a means of disclosing information and for complying with BETA’s disclosure obligations under Regulation FD. The information BETA provides through these channels may be deemed material. Investors should monitor these channels in addition to reviewing BETA’s press releases, SEC filings, and public conference calls.

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The yearlong trial will be the latest in the Port Authority’s work to assess the viability of drone cargo routes that may one day be used to deliver goods for public benefit around the region as a means of removing vehicles from congested roads, supporting low-carbon delivery methods and seeking alternatives to traditional middle-mile delivery of goods. It follows a shorter two-week proof-of-concept test that was conducted in January by Skyports, in partnership with the Port Authority and the New York City Economic Development Corporation (NYCEDC), using the same route, schedule and small uncrewed aircraft.

“The Port Authority has put small uncrewed aircraft to use for public service for many years already, from helping in demolition and construction of mega-structures around the region to the maintenance of our marine facilities from the water line up to the tallest heights of our bridges’ cables and towers,” said Port Authority Chairman Kevin O’Toole. “More than 75 years ago, the Port Authority revolutionized how the entire world moves goods for commerce with the invention of containerized shipping at Port Newark. Now we are laying the groundwork for the next generation of cargo delivery in this region.”

“The movement of goods and people has changed dramatically in the past century since the Port Authority was founded, but there is always one constant: we are always at the forefront, whether it was building the world’s longest suspender bridge or operating the world’s busiest bus terminal,” said Port Authority Executive Director Kathryn Garcia. “As the operator of this region’s network of airports, we are building on our experience and relationships to make drone cargo delivery a reality so that the entire region can benefit from fewer delivery vehicles on congested city streets and fewer emissions in the air we all breathe.”

“Around the world, drones have proven themselves an effective tool for getting critical cargo from A to B, providing a quicker and cleaner alternative to regular road transport,” said Skyports CEO Alex Brown. “Whether it’s traversing heavy traffic or tough terrain, drones have real potential to improve middle-mile logistics. We look forward to demonstrating their potential in New York over the next 12 months, helping to take vehicles off the road and improve the level of care provided to medical patients.”

“NYCEDC is leading the charge in a transportation revolution, leveraging New York City’s assets to reimagine the ways the city moves goods and people – making this drone pilot a reality,” said Jeanny Pak, interim president & CEO of New York City Economic Development Corporation (NYCEDC). “Working alongside our public and private partners, we are transforming the city’s waterfront – including the Brooklyn Marine Terminal and Downtown Skyport – into cutting-edge multimodal hubs for sustainable transit and last mile delivery. These efforts are shifting the movement of goods from our city streets to our waterways and skies, paving the way for cleaner, more sustainable transportation and delivery of goods throughout the region.”

The Port Authority entered into a partnership with international drone operator Skyports in 2024, after Skyports responded to a 2023 agency request seeking operators interested in making drone cargo delivery a reality in the region. U.K.-based Skyports operates delivery and inspection drone services around the world. Since 2023, it has been providing middle-mile drone deliveries in Scotland for Royal Mail, using drones to deliver mail to rural, remote areas, and in Germany where its drones delivered critical cargo to offshore wind turbines for RWE.

During its upcoming yearlong trial in New York City, a Skyports drone will conduct multiple round-trip flights every weekday from 9 a.m. to 5 p.m. across the East River between the Downtown Skyport and the Brooklyn Marine Terminal, both of which are managed by NYCEDC on behalf of New York City. The trial will fly nonhazardous, non-sensitive, non-biological cargo such as light pharmaceuticals for a non-profit health system in New York City, with the goal to assess the impact and integration of drone deliveries for medical cargo on improving patient outcomes.

Due to the Manhattan takeoff site’s proximity to other types of aircraft, maritime vessels and infrastructure such as ferry landings, Skyports will comply with NYCEDC guidelines as well as FAA regulations within one of the world’s busiest waterways and most complex airspaces that includes the Port Authority’s network of airports. It also will comply with other regulatory agencies that secure and protect New York City’s harbor, such as the New York Police Department, the Fire Department of New York and the U.S. Coast Guard.

Prior to the start of the yearlong test, the Port Authority, Skyports and NYCEDC conducted extensive outreach to local communities, elected officials and maritime stakeholders to address concerns surrounding the test flights. Public feedback can be submitted via 311 by phone or online.

“We applaud the ongoing effort to support cargo drone operations along the East River through active coordination among vessel operators, pilots, federal partners, and port stakeholders, building on established communication frameworks that keep this complex harbor operating safely each day,” said Stephen Lyman, executive director  of the Maritime Association of the Port of New York and New Jersey. “This collaboration is enabling the seamless integration of drone cargo delivery in a way that enhances efficiency, safety, and public benefit across both the waterways and the airspace.”

The upcoming yearlong trial of the Skyports drone is based on the results from a previous successful proof-of-concept test in January 2026, when the drone completed 135 flights, covered 151 miles and transported a total of 252 pounds of dummy cargo. Each one-way trip between Manhattan and Brooklyn took an average of 4 minutes, compared to the same trip by vehicle that would have taken up to 20 minutes. The total distance traveled by the drone would have saved a vehicle from driving up to 660 miles or using 40 gallons of gas. Even with inclement weather during the duration of the two-week test in January, 96 percent of expected flights were completed.

At the conclusion of the yearlong trial, the Port Authority and Skyports will assess the value, viability and impact of the trial and whether it could be expanded to cover similar cargo drone routes in the region. Skyports and the private New York healthcare system will also evaluate the service’s impact on patient outcomes and the possibility of implementing a permanent, regularly scheduled cargo drone service.

The Port Authority’s cargo drone trial flights align with New York City’s ongoing efforts to shift freight from the city’s roadways to the water and sky through use of waterfront sites such as those in these trial flights. In April 2025, NYCEDC announced Downtown Skyport LLC — a joint venture between Skyports Infrastructure (Skyports) and Groupe ADP — as the new operator of the Downtown Skyport, with a goal to transform the site into a multimodal hub of transportation, ready to move goods and people sustainably by water and by air. In September 2025, a $3.5 billion vision plan was advanced to reimagine the Brooklyn Marine Terminal into a modern, all-electric maritime hub and vibrant mixed-use community.

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 Northrop Grumman’s ITDS maximizes aircraft survivability with superior capability and operational speed that will provide a decisive future advantage for Army air crews to defeat ever-evolving threats.

A UH-60M Army Helicopter conducting U.S. Army Phase I flight tests of Northrop Grumman’s ITDS, featuring the ATHENA sensor. (Photo Credit: U.S. Army)

The ITDS, features Northrop Grumman’s Advanced Tactical Hostile Engagement Awareness (ATHENA) sensor – providing pilots the freedom to maneuver across present and future battle spaces while equipped with a generational leap in threat detection capabilities:

• ATHENA is a next-generation, multi-spectral threat warning sensor. It delivers360-degree situational awareness to Army aviators and detects threats pilots can’t see – even looking through the aircraft floor.
• ATHENA’s Advanced Counter Unmanned Aircraft Systems (C-UAS) detection capability utilizes high-resolution and wide-band sensors to quickly identify incoming UAS threats. It also detects loitering munitions, Electro-Optical/Infrared targeting systems, guided Man Portable Air Defense Systems (MANPADS), anti-tank guided missiles, small arms, medium- and large-caliber machine guns, rocket-propelled grenades and anti-tank guided munitions.
• ITDS is designed with open systems architecture, allowing for faster addition of new capabilities to outpace emerging threats and maintain air superiority in rapidly changing threat environments.
• ITDS is a Future Airborne Capability Environment and Modular Open Systems Approach compliant system, able to operate on current Army aircraft and Future Long-Range Assault Aircraft. The system is intended for the enduring and future Army rotary aircraft fleet, with priority given to the MV-75 Cheynne II and AH-64 Apache.

Experts: 

Trevis Crane, Ph.D., survivability development programs director, Northrop Grumman: “Through our strong partnership with the Army, we’ve developed a state-of-the-art aircraft survivability system that meets mission needs in the most challenging threat environments. ITDS and the advanced situational awareness capabilities of its ATHENA sensor are vital for ensuring successful missions and safe returns.”

Northrop Grumman’s Improved Threat Detection System (ITDS), featuring the ATHENA sensor, delivers enhanced threat warning capabilities to elevate aircraft survivability and protect warfighters. (Photo Credit: Northrop Grumman) 

Details: 

Northrop Grumman’s ATHENA sensor meets today’s mission needs while providing the U.S. Army with connected, multi-service capabilities to identify future threats. As a form/fit replacement for legacy aircraft sensors, it seamlessly integrates into an aircraft with flare or laser-based countermeasure systems, such as the Common Infrared Countermeasure system.

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Following a successful participation at the previous edition, Rotortrade will return to the event with a dedicated booth (Booth #I06) to welcome operators, customers, partners, OEMs, and aviation stakeholders from across Brazil and Latin America.

Recognized as one of Latin America’s leading invitation-only business aviation events, Catarina Aviation Show brings together key players from executive aviation, rotorcraft, luxury automotive, and yachting industries in a premium business environment located approximately 30 minutes from São Paulo. The event has rapidly established itself as an important meeting platform for decision-makers across the region.

Rotortrade’s return to the show comes amid continued expansion of the company’s activities across Latin America and growing transaction volumes throughout the region. Over the past year, Rotortrade has completed several strategic helicopter transactions across South America, reinforcing its operational capabilities and regional market presence.

Among the recent milestones, Rotortrade successfully completed the delivery of the first Airbus H160 operating in the Southern Cone to Helipatagonia in Argentina, marking a significant aircraft introduction for the region. The company also finalized the cross-continental sale and delivery of a Leonardo AW119Ke helicopter to Aeromaster in Ecuador to support VIP, Medevac, and oil industry operations.

These projects reflect Rotortrade’s growing role in Latin America not only as an aircraft supplier, but also as a provider of integrated transaction management, technical coordination, logistics support, financing solutions, and operational transition services.

The previous edition of Catarina Aviation Show also marked an important milestone for Rotortrade with the announcement of Rotortrade Brazil, further reinforcing the company’s long-term commitment to the Brazilian market and wider LATAM region.

Today, Rotortrade operates through a global network of 15 dealerships and 3 certified maintenance centers worldwide, delivering integrated helicopter sales, financing, leasing, and maintenance solutions. The company recently reported record-breaking performance in 2025, achieving over 50% revenue growth and a 35% increase in transaction volume year-over-year. Europe and the Americas represented approximately 70% of total deliveries during the year, highlighting the strategic importance of the region within Rotortrade’s global development.

Raymond Lubrano, Executive VP Head of Region LATAM at Rotortrade, commented: “Catarina Aviation Show has become an important event for the helicopter industry in Latin America and an excellent platform to engage directly with operators and partners across the region. Following a very positive experience last year, we are pleased to return in 2026 as Rotortrade continues to expand its activities and transaction volume throughout South America. Brazil and the wider LATAM market remain strategically important for our long-term development, particularly as operators increasingly seek integrated solutions combining aircraft availability, financing flexibility, and technical support.”

During the event, Rotortrade’s commercial and technical teams will be available at Booth #I06 to discuss helicopter acquisitions, trade-ins, financing and leasing opportunities, fleet transitions, and aftermarket support solutions.

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Over the course of one week at Kotroni Helicopter Base, the initial two CAMCOPTER^® S-100 systems, comprising four Unmanned Air Vehicles (UAVs), underwent functional testing, successfully completing the acceptance campaign and confirming their readiness for operational use.

Equipped with L3 Harris MX-10 EO/IR and Overwatch Imaging PT-8DN Oceanwatch, the CAMCOPTER^® S-100 will provide the Hellenic Navy with enhanced capability across missions including maritime security, search and rescue, environmental monitoring and exclusive economic zone (EEZ) control.

“This milestone marks an important step in the introduction of the CAMCOPTER^® S-100 with the Hellenic Navy,” said Hans Georg Schiebel, Chairman of the Schiebel Group. “The successful acceptance campaign highlights the effective collaboration between Schiebel and the Hellenic Navy, paving the way for operational deployment.”

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The event on Wednesday 13 May was attended by approximately 70 people including the region’s three Mayors, representatives from other emergency services, the Rapid Relief Team, Westpac representatives, and supporters of the rescue helicopter service.

Canterbury West Coast Air Rescue Trust Chair Murray Willocks says this is a milestone moment for the West Coast.

“We promised we would deliver the West Coast a world-class rescue helicopter service. That is what this rescue helicopter will help provide.” Murray Willocks, Canterbury West Coast Air Rescue Trust.

This is the West Coast’s first dedicated H145 rescue helicopter, one of three purchased for the Canterbury and West Coast service by the Canterbury West Coast Air Rescue Trust. It’s also the first time the iconic red Westpac Rescue Helicopter will be flying along the Coast.

Westpac has sponsored the Canterbury‑based rescue helicopter for more than 30 years. Willocks says their partnership with Westpac has become central to the strength of the service.

Westpac NZ Managing Director of Product, Sustainability and Marketing, Sarah Hearn, says the bank is delighted to extend its support of the life-saving service to more South Island communities.

“Rescue chopper crews do a wonderful job all day, every day, and often in challenging conditions to help keep our communities safe. We’re immensely proud of this longstanding partnership and we’re delighted to be extending it.” Sarah Hearn, Westpac.

“We already fund the nationwide marketing and administration costs of Chopper Appeal month every May, which is in full swing at the moment as we look to beat our record fundraising total of $1.5m from last year.  By extending our sponsorship arrangements we’re deepening our involvement and helping keep more Kiwi communities safe,” Sarah says.

The West Coast has been home to a helicopter rescue service since 1995, when GCH Aviation established an air rescue base there. It was first serviced by a Squirrel helicopter, before being replaced by a BK117.

For the last 12 years the West Coast service has been sponsored by ROA Mining. ROA Mining is now supporting the rescue helicopter’s sister service, the NZ Flying Doctor Service, as principal sponsor of the NZ Flying Doctor’s Christchurch-based planes.

“We recognise and thank ROA for their steadfast support of the rescue helicopter and their continuing commitment to the health and wellbeing of the West Coast through sponsorship of the NZ Flying Doctor Service,” Murray says.

West Coast Critical Care Paramedic Rod Partington says the arrival of the H145 rescue helicopter creates a fundamental shift in how they manage patients.

“Going from a BK117 to the H145 rescue helicopter is like going from a Ford Cortina to a Tesla – it’s a massive leap forward. We have more room to move, the clinical layout is far more functional, and its advanced avionics increase safety and reliability. The H145 is built for saving lives.” Rod Partington, Critical Care Paramedic.

The H145 Airbus helicopter is the gold standard in air rescue. Its advanced avionics and Instrument Flight Rules (IFR) capability will enable the crew to fly more often in more adverse weather. The larger cabin provides more space to give critical care, tail and rear mounted cameras improve visibility, while a weather radar helps pilots avoid dangerous weather during flights.

The purchase of the three H145 rescue helicopters was the cornerstone of the Trust’s MISSION 2026 campaign. That campaign aimed to transform rescue helicopter services across the region. As well as purchasing state-of-the-art helicopters, the Trust has invested significantly in the development of Instrument Flight Rules (IFR) routes across Canterbury and the West Coast, as well as crew training and specialist medical equipment for the new machines.

“We have delivered for the West Coast the most advanced rescue helicopter and the latest technology to support the exceptional crews who serve it. Our most heartfelt thanks to our community who, with every donation, has brought us one step closer to this transformation,” Murray says.

Murray says while the unveiling of this H145 Westpac Rescue Helicopter is a new era for rescue services on the West Coast, the Trust’s commitment to the West Coast is far from finished.

Work is currently underway to expand IFR routes across the West Coast and to invest in weather stations across multiple West Coast sites – developments that will drastically improve the reliability of the rescue helicopter service.

“With our community’s support, we’ll keep working to support and future‑proof the rescue helicopter service so it can protect those who live, work, and play on the West Coast for generations to come.” Murray Willocks

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Note: This release provides supplemental background only. It does not amend or supersede any information in the Company’s Form 20-F for 2025. For a full reconciliation of these adjustments and corrected financial information, please refer to the Form 6-K/A and the Company’s 2025 Form 20-F.

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This significant upgrade to the LifeFlight fleet will enhance critical care air transport across AHN’s broad footprint, further solidifying the network’s leadership in meeting the greater western Pennsylvania region’s emergency medical services needs.

The first H145 D3 is now operational and will enter service at AHN later this month as the state’s first medical transport aircraft of its class, and one of the nation’s most advanced medical helicopters. Three additional H145 D3 helicopters are anticipated to join the fleet over the next few years, progressively enhancing LifeFlight’s advanced capabilities.

For nearly 50 years, AHN LifeFlight has been a vital resource, providing critical air medical transport services for patient care across western Pennsylvania, southeastern Ohio, northern West Virginia, and western Maryland.

When LifeFlight first lifted off the ground from AHN Allegheny General Hospital in 1978 with a single French-made Alouette helicopter, it was the first air medical service of its kind east of the Mississippi River, and one of just 10 across the country.

Today, the program has completed more than 85,000 missions in partnership with EMS agencies and local hospitals. The LifeFlight team includes over 60 specialized AHN nurses and paramedics, communications staff, logistics specialists, and 22 pilots and 11 mechanics from Metro Aviation, Inc., which manages the helicopter fleet.

“This aircraft represents a significant step forward for our LifeFlight program and, more importantly, represents an elevated level of care for the communities we serve,” said Bob Twaddle, vice president, AHN Division of Prehospital Care Services. “It underscores our commitment and continued investment in the people, technologies, and advanced capabilities that are essential to providing the exceptional services our patients deserve, when and where they need it most.”

The new Airbus H145 D3 will replace the Airbus EC135 that is currently part of the LifeFlight fleet.

LifeFlight transports patients from within a 130-mile radius of its five primary bases, a service that reaches a population of more than 4 million people. In addition to transporting ill or injured patients from the field, LifeFlight also performs hospital-to-hospital transports of critically ill patients, such as those with acute cardiac failure, and infants who require neonatal intensive care.

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With nearly a decade of proven execution at elite sporting events, Zip Aviation has established itself as the operational backbone of championship golf aviation. The company oversees end-to-end flight operations and logistics, in addition to engineering, designing, and managing dedicated aviation landing zones at premier venues.

“Operating in environments like the Ryder Cup requires precision, safety, and seamless coordination at the highest level,” said Itai Shoshani, Owner/CEO at Zip Aviation. “We’ve built a system that delivers exactly that, every time.”

Enhanced Partnership with Blade

Building on the success of prior events, Zip Aviation has once again partnered with Blade Air Mobility to lead marketing, sales, and customer-facing flight operations for the 2026 season. Blade’s platform and customer reach, combined with Zip Aviation’s operational expertise, create a vertically integrated solution that delivers a premium, end-to-end experience for spectators, sponsors, and VIP guests.

Expanding to the 2026 USGA Championship

Following the continued success of the helicopter program at global tournaments, Zip Aviation and Blade will collaborate on the 2026 USGA Golf Championship at Shinnecock Hills Golf Club. This expansion reflects the increasing need for efficient, luxury transportation solutions to major sporting events, particularly in high-traffic destinations like the Hamptons.

Elevating the Spectator Experience

Zip Aviation’s helicopter programs offer:

• Time-saving access: Enables efficient travel to otherwise congested venues.
• Luxury travel: Provides premium experiences for VIP guests and corporate partners.
• Scalable infrastructure: Delivers aviation solutions tailored to large-scale global events.

Since 2016, Zip Aviation has consistently set the industry standard for safe, efficient, and high-capacity helicopter operations at major sporting events, ensuring a seamless experience for all participants.

Founded in New York City, Zip Aviation is a premier aviation company specializing in luxury helicopter charter, executive transportation, aerial tourism, and large-scale aviation logistics. With extensive experience operating in some of the world’s most complex airspaces and high-profile event environments, Zip Aviation has established itself as a trusted leader in both commercial and event-based helicopter operations. Since 2016, Zip Aviation has played a key role in designing, engineering, and managing aviation landing zones and helicopter programs for major championship sporting events, including the PGA Championship, Ryder Cup, and Masters Tournament. Through strategic partnerships and a commitment to operational excellence, safety, and premium customer experiences, Zip Aviation continues to redefine access and mobility in aviation.

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Conducted at Wisk’s flight test facility in Hollister, CA, the flight included vertical takeoff, hover, and chirp maneuvers – an important first step in characterizing the aircraft’s performance. The addition of a second active Gen 6 flight test vehicle significantly expands Wisk’s capacity to collect data, validate systems, and accelerate the flight test campaign.

“Seeing the second Gen 6 aircraft take to the skies is a proud moment for Wisk,” said Sebastien Vigneron, CEO of Wisk. “This pace of execution is exactly what is required to meet the rigorous safety standards of commercial aviation. Having multiple aircraft in flight testing allows us to move faster, learn quicker, and stay on the leading edge of autonomous aviation. Every flight provides crucial data that matures our aircraft and autonomous system, bringing us one step closer to delivering a certified, autonomous air taxi service.”

The dual-aircraft testing phase will focus on expanding the flight envelope, including transitions from hover to wing-borne flight, while continuing to refine the control laws and system performance. Wisk’s Gen 6 aircraft is designed to meet or exceed current commercial aviation safety standards. The aircraft is all-electric and autonomous, with human oversight from a ground-based operator – a model Wisk believes is necessary for safety, scalability, and affordability.

This increase in flight test capacity directly supports Wisk’s path to commercialization, along with the U.S. Department of Transportation’s selection of Wisk’s partner, the Texas Department of Transportation (TxDOT), for the Electric Vertical Takeoff and Landing (eVTOL) and Advanced Air Mobility (AAM) Integration Pilot Program (eIPP). Wisk will use its autonomous systems and aircraft to drive the program’s operational execution, conducting real-world flight operations in the U.S. National Airspace.

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This latest update expands DART’s existing coverage for the Airbus H145 / EC145 T2 and BK117D2 platforms, further strengthening its portfolio of safety solutions across the H145 family.

The DART Cable Cutter Kit is designed to enhance helicopter safety during wire strike events. By providing a reliable means of cutting cables or wires before catastrophic damage occurs, the system helps protect both the aircraft and its occupants. The design reduces the probability of wires entering the cockpit and minimizes the risk of flight control damage critical factors in maintaining aircraft integrity and control.

The system incorporates both upper and lower cutters, each equipped with high-strength cutting blades. DART’s cutter design has been carefully tested to verify its capability to cut through cables with a tensile strength of up to 14,000 lbs.

With this latest certification, DART Aerospace continues to expand its mission-critical safety solutions, supporting operators with reliable and proven equipment across an even broader range of aircraft configurations.

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On October 24, 2023, the helicopter operated by Helijet International Inc., was conducting scheduled flights between Vancouver Harbour and Victoria Harbour heliports (BC). During its fourth flight of the day, the helicopter departed Vancouver Harbour under instrument flight rules (IFR). While on route, the helicopter entered an area of heavy rain and turbulence and was struck by lightning. The strike was likely the result of helicopter-induced lightning, a phenomenon in which the helicopter triggers a lightning strike.

Following the strike, the captain took over control from the first officer. Shortly after, the helicopter entered an uncontrolled rapid descent of about 3,000 feet and a steep turn. Once the helicopter emerged from the clouds, the captain regained visual references and re-established a straight and level flight to Victoria Harbour.

The investigation found that, after control of the helicopter was reestablished, the flight crew had time to identify the options available and assess the risks before deciding to continue. The captain also identified a contingency plan to land immediately if the circumstances changed. With visual flight conditions observed along the remaining flight path, the decision-making process reasonably considered the variables present and integrated all the information available.

The investigation also determined that the meteorological data available before the flight did not indicate conditions that would have prevented an IFR flight. Although the conditions conducive to helicopter-induced lightning were present, they were not readily identifiable using current weather assessment methods. As a result, the flight crew had no indication of the potential for a lightning strike.

See the investigation page for more information.

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The approval opens the door for India’s growing Bell 429 fleet to adopt predictive Health and Usage Monitoring System (HUMS) technology, giving operators access to real-time aircraft health monitoring, exceedance tracking, automated Rotor Track and Balance, and predictive maintenance insights designed to reduce downtime and improve operational availability. Several operators have already ordered the system and are preparing for installation following the DGCA validation.

“There are currently 12 Bell 429s operating in India, and we believe this is just the beginning,” said Ronnie Ries, Chief Revenue Officer at GPMS. “Operators are increasingly recognizing that HUMS is no longer just a safety enhancement. It’s becoming an operational and financial necessity. We expect strong adoption across the Indian Bell 429 fleet, which we believe will ultimately expand into additional aircraft models and operators throughout the region.”

Foresight MX wirelessly transmits aircraft data after each flight, providing maintainers and operators with immediate access to actionable insights through a secure browser-based platform. The system is designed to help operators move from reactive maintenance to a more predictive and proactive approach. The DGCA validation further expands GPMS’s growing international presence as operators worldwide continue adopting HUMS technology to improve safety, increase aircraft availability, and lower direct operating costs.

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“For nearly five decades, Life Flight Network has provided air medical care and transport throughout the western states, and Bell is honored to take part in supporting their lifesaving operations,” said Lane Evans, managing director, Bell. “These new Bell 407GXis highlight the reliability and capability our products provide to supporting life-saving operations when minutes matter the most.”

Operating a combined helicopter and fixed-wing fleet of roughly 60 aircraft throughout the Pacific Northwest, Intermountain West, and Hawaii, Life Flight Network provides 24/7 ICU-level care and support to hospitals, emergency responders, police, EMS and fire departments.

“At Life Flight Network, every aircraft decision comes down to one thing: our ability to reach patients faster and deliver the best possible care,” said Ben Clayton, CEO of Life Flight Network. “These three Bell 407GXis bring proven reliability and exceptional performance to our fleet, and we’re proud to expand our longstanding relationship with Bell in support of that mission.”

The Bell 407GXi is engineered to meet the demanding requirements of HEMS operations, offering speed, reliability and advanced avionics that enhance safety in critical missions. The Garmin G1000H NXi flight deck improves situational awareness and reduces pilot workload. The aircraft’s powerful engine performance and smooth handling support rapid response times, while the spacious, configurable cabin provides medical teams room and access needed to deliver patient care in flight.

Backed by over 290,000 flight hours and Bell’s proven sustainment network, the Bell 407GXi gives air medical providers like Life Flight Network a platform capable of completing lifesaving transports in challenging environments in a safe, reliable and effective way. Life Flight Network also utilizes other Bell platforms like the Bell 429, totaling over 17,000 flight hours across their Bell fleet.

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Headquartered in Sweden, HeliAir has built a strong position in the Nordic market and serves a diversified customer base across the public and private sectors. The company provides critical helicopter services including aerial firefighting, electricity grid inspections, vegetation management, military training support and other specialised operations. HeliAir’s offering is supported by vertically integrated teams and in-house capabilities across maintenance, fuelling, and training.

CapMan Infra’s investment will support HeliAir in its next phase of growth. The focus is to further strengthen the company’s market position in its core segments, supporting continued fleet development and expanding its service offering in selected markets. HeliAir’s role in supporting essential public services and infrastructure operations makes the company a strong fit with CapMan Infra’s focus on resilient, mission-critical businesses.

“We are pleased to partner with HeliAir in its next phase of growth. The company has built a strong position in a market with high requirements for safety, availability and specialised operational expertise, supported by a high-quality fleet. Its services support public safety and critical infrastructure, and we look forward to supporting the company’s continued development together with the management team,”says Ibrahim Makdessi, Investment Manager at CapMan Infra.

“This is an important step for HeliAir,” says Joel Backlund, CEO of HeliAir. “With CapMan Infra as our new majority owner, we will have a strong partner to support our growth ambitions, further invest in our fleet and capabilities, and continue delivering reliable, high-quality services to our customers across the Nordics and selected European markets.”

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The aircraft, delivered over recent months, represent a significant enhancement to SRSL’s fleet and operational readiness. The Airbus H145 D3, widely recognized as the global benchmark for emergency medical services, provides advanced performance, reliability, and mission flexibility, enabling crews to operate safely and efficiently across New Zealand’s diverse and demanding environments.

This milestone reflects the continued investment by SRSL, its regional Trust partners, Health New Zealand | Te Whatu Ora, and ACC New Zealand in strengthening the country’s lifesaving aviation infrastructure and ensuring communities have access to critical emergency medical services when and where they are needed most.

Rotortrade is honoured to support these efforts and contribute to SRSL’s continued growth, which has seen the organization rapidly expand both its fleet and operational capabilities, including the installation of a new state-of-the-art H145 FNPT II MCC simulator at its Taupō training centre. This investment in advanced training infrastructure further reinforces SRSL’s commitment to operational excellence and the continuous development of its pilots, critical care paramedics, and crews.

Marcello Corrado Salati, Regional Sales Director at Rotortrade, commented: “It has been a privilege to support SRSL through these aircraft deliveries, and I would personally like to thank Paul Baxter and the entire SRSL team for their trust and collaboration. The dedication and professionalism of their organization are exceptional, and it is clear that their mission goes far beyond aviation. Our teams have naturally established a strong and transparent working relationship, and we are proud to contribute, in our own capacity, to supporting the vital work they perform every day across New Zealand.”

Paul Baxter, CEO of SRSL, added: “These aircraft represent a critical investment in our ability to deliver advanced emergency medical care to communities across New Zealand. Rotortrade has been a trusted and responsive partner throughout this process, and their support has helped ensure the smooth integration of these helicopters into our fleet as we continue to expand our operational capability.”

Rotortrade and SRSL also extend their appreciation to Airbus Helicopters for their continued cooperation and support, ensuring the successful execution of these deliveries and reinforcing the strength of the helicopter support ecosystem in the region.

Aurélien Blanc, Executive Director and Vice President APAC/MEA at Rotortrade, added: “SRSL’s continued growth, combined with its investment in both fleet and training infrastructure, reflects a clear vision and long-term commitment to operational excellence. We are honoured to support such a dedicated organization and contribute to strengthening emergency air ambulance capabilities in the region.”

Through these deliveries, Rotortrade reaffirms its commitment to supporting emergency medical and public service operators worldwide, providing reliable aircraft solutions and technical expertise to organizations performing critical missions every day.

Rotortrade would also like to extend its sincere thanks to Health New Zealand | Te Whatu Ora, ACC New Zealand, and SRSL’s regional Trust partners for their continued commitment to strengthening New Zealand’s emergency air ambulance capabilities and supporting the crews who serve communities across the country.

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The announcement represents a further investment in national police aviation and follows the seven new helicopters already approved and currently under construction as part of NPAS’s fleet renewal, as detailed in the HeliHub article UK police provide details on fleet renewal program

Together, these aircraft will modernise the NPAS fleet, replacing older helicopters and ensuring police forces across England and Wales continue to benefit from reliable, resilient, and effective air support, 24 hours a day.

The two newly approved helicopters will be delivered through the existing procurement programme and delivered by Airbus Helicopters. This approach maximises efficiency while maintaining operational continuity.

Operational decisions on the expected base locations for the two additional aircraft are still subject to confirmation.

Chief Superintendent Fiona Gaffney, Chief Operating Officer and Accountable Manager for NPAS, said: “This additional investment is very welcome news and demonstrates continued confidence in NPAS and the value it provides to policing and the public. It is a testament to the dedication and professionalism of our people and our partners at BlueLight Commercial and Airbus Helicopters, who continue to deliver a complex fleet renewal programme on behalf of UK policing.”

NPAS will continue to work closely with partners to meet project timelines, with the first new aircraft due to be available for operational deployment from mid-2027.

A disposal programme is running parallel to the fleet replacement project, identifying opportunities to dispose of nine of the older NPAS aircraft.

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The Government of the Philippines has requested to buy Bell 505 Jet Ranger X Helicopters; spare parts including main rotor blades; tail rotor blades; full length trainer shoes; pilot training for twenty-two (22) pilots including ground and flight training, left seat orientation, and Instrument Meteorological Conditions and Helicopter Upset Recovery; maintenance training for six (6) students including Bell 505 Maintenance Officer Course; field maintenance, integrated avionics, component maintenance, and Safran engine maintenance training for twenty-two (22) students. This proposed acquisition also includes Bell 505 Veris flight simulators; an Integrated Logistics Support (ILS) package for five (5) years, and operator and maintenance training for six (6) students; Field Support Representative and Logistics Support Representative for one (1) year; ILS, tools, and ground support equipment for two (2) operating bases supporting twenty-two (22) aircraft operating two hundred (200) hours per year for a duration of five (5) years; subscriptions including electronic online; technical publications for twenty (20) years; Garmin subscription for five (5) years; Program Management Reviews for three (3) years hosted once annually; delivery and reassembly of the Bell 505 Jet Ranger X Helicopters; and other related elements of logistics and program support.

This proposed sale will support the foreign policy and national security of the United States by helping to improve the security of a treaty Ally that continues to be an important partner for political stability, peace, and economic progress in the Southeast Asia.

The proposed sale will improve the Philippines’ capability to meet current and future threats by addressing aircraft competency gaps in operating rotary wing aircraft as part of an upgraded Bell 505 Jet Ranger X Helicopter modern aircraft equipped with advanced system and thereby enhancing comprehensive training.  This enhanced capability will facilitate the smooth transition for pilots to more complex rotary aircraft within the Armed Forces Philippines, and it is a cost-effective solution for developing rotary wing pilots.

The principal contractor will be Bell Textron Inc., located in Fort Worth, Texas.

There will be no adverse impact on U.S. defense readiness as a result of this proposed sale.

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These will be the 16th and 17th H225s in the operator’s fleet.

Market Intelligence company Parapex Media has highlighted the pair as “white tail” helicopters, built 9-10 years ago and never delivered to a customer. By the time the aircraft have been fully fitted out at the Airbus Helicopters Japan base at Kobe, they will be over 10 years old.

The Manufacturer’s Serial Number on the two aircraft (2978 and 2992) are approximately 160 earlier than the latest airframes off the production line in Marignane, and other aircraft with closely adjacent numbers were delivered around 2016 and 2017.

Initially registered JA702B and JA703B, the helicopters are expected to later be re-registered as JA702A and JA703A when delivered after fit-out. The Japan Coast Guard is expected to use tactical fleet codes MH702 and MH703 as “fleet numbers”, in line with all other helicopters in their fleet.

The sale of these helicopters was announced by Airbus in April 2024, with a target delivery date of September 2026.

Parapex Media has advised us of the registration JA704B has also been reserved, which ties up with the Airbus announcement of three H225s being ordered

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The new Ashland base strengthens Mercy Flights’ ability to provide timely, lifesaving care by reducing response times, improving reliability during challenging weather conditions, and increasing overall operational capacity. While Medford remains Mercy Flights’ primary base, the Ashland location enhances regional coverage and ensures more consistent access to air medical transport for communities in and around Ashland.

“The new base represents our continued commitment to the communities we serve,” said Sheila Clough, Chief Executive Officer of Mercy Flights. “By positioning resources closer to patients and leveraging Ashland’s geographic advantages, we’re improving access to critical care when and where it’s needed most.”

The April 30 ribbon-cutting ceremony will be a small gathering of community leaders, local partners, and Mercy Flights staff to celebrate the collaboration that made this milestone possible.

For more than seven decades, Mercy Flights has served southern Oregon and northern California with a mission rooted in community, compassion, and excellence. The Ashland air base represents the next step forward in that mission, ensuring faster, more reliable access to critical care for the region.

About Mercy Flights
Mercy Flights is a nonprofit air and ground ambulance service providing advanced medical transport and emergency care throughout southern Oregon and northern California. Dedicated to saving lives and serving communities, Mercy Flights operates with a focus on safety, innovation, and patient-centered care.

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Tohoku Air Service hopes to leverage the numerous advantages offered by eVTOL aircraft including quiet operation, lower purchase and maintenance costs. eVTOL also provides a wide range of potential applications including sightseeing flights, easy transportation of people and cargo, and specialist roles in medical service provision and natural disaster response. Tohoku Air Service has decided to enter into this agreement in recognition of these wide-ranging potential contributions to improve quality of life through safety, reliability and comfort.

This LOI marks SkyDrive’s first agreement for the purchase of an aircraft by a Japan-based helicopter operator.

■ Background to the Agreement and Plans for Ongoing Collaboration
SkyDrive is developing eVTOLs with the mission of “leading a once-in-a-century mobility revolution”. Our goal is to make simple and convenient air travel a regular part of city life. During 2025, over a period of around six weeks, SkyDrive successfully showcased demonstration flights of the “SKYDRIVE” (SkyDrive Model SD-05) both at the Expo 2025 Osaka and at a second vertiport within the city of Osaka. Having conducted further demonstration flights in Tokyo during February 2026, we are working towards our next major milestone: commercial operations in 2028.

Tohoku Air Service was established as a helicopter operator in 1991 as a member of the Tohoku Electric Power Company group of companies. At its founding, the company was able to leverage the more than 38 years of power line inspection experience gathered by its parent company, and since then, for more than 30 further years, TAS has helped support the maintenance and development of electricity infrastructure, principally through the operation of the helicopters used for airborne power line inspections and the transportation of cargo to mountainous and other locations difficult to reach by road and rail. With a firm emphasis on safety, the work of TAS supports the development of the entire Tohoku region.

Through the agreement with SkyDrive, TAS will now be able to apply the knowledge it has accumulated through long years of experience in helicopter operation to the operation of eVTOL, with the aim of building sustainable transport systems to serve regional cities and contributing to the growth of regional economies through the effective use of this next-generation mobility technology.

TAS will thoroughly examine the functionality, safety, infrastructure requirements, and operational feasibility of eVTOL services with the goal of working together with SkyDrive to establish a multi-use operational model that can respond flexibly to the diverse needs of the market.

■ Comment from Tohoku Air Service President Shigeyuki Ouchi
Signing of this Letter of Intent with SkyDrive as a step towards the purchase of one “SKYDRIVE” (SkyDrive Model SD-05) lets us advance our concrete investigations into the real world operation of this next-generation technology. We will conduct a detailed confirmation of the functionality, safety, and infrastructure requirements, to assess the operational feasibility of eVTOL services from multiple perspectives. Working together with SkyDrive, the only company in Japan developing an eVTOL, allows us to feed the operational knowledge we have built through our helicopter operations into the development of SkyDrive’s aircraft. We also plan to develop a multi-use operating model that can serve the people of the Tohoku Region and Niigata Prefecture in various ways including the provision of tourism services, regional transport routes, medical services and post-disaster relief. These services will contribute to the regional economy and help create a safe, secure and comfortable urban environment.

■ Comment from SkyDrive CEO Tomohiro Fukuzawa
I am truly delighted that Tohoku Air Service has been able to sign this Letter of Intent with SkyDrive as a step toward the future purchase of one of our aircraft. SkyDrive, guided by our mission of leading this once-in-a-century mobility revolution, is focused on the development and entry into service of a viable eVTOL aircraft. Through demonstration flights at the Osaka Expo, Osakako Port and Tokyo Bay, we have steadily validated the technical capabilities and operational possibilities of our aircraft, and we are now moving into an important phase that will lead through to the start of service in 2028. This agreement with Tohoku Air Service, a company with more than three decades of experience in providing air transport services to customers in Tohoku, is a significant step for SkyDrive. The LOI will deliver a major contribution toward establishing and maintaining a sustainable transport ecosystem based on multifunctional eVTOL operation in Tohoku, with these operations covering various fields including sightseeing flights, regional transportation, and post-disaster relief services. Together, we will continue working to deliver new value to regional communities through air mobility, creating new opportunities for people and industry that can help the region further expand its potential.

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The live webcast and replay will be available at investors.archer.com.To listen to the conference call, dial 1 833-461-5787 (domestic) or +1 585-542-9983 (international) and enter the access code 641143600.

Archer will also utilize Say Technologies’ Q&A Platform to allow shareholders to submit and vote on questions by visiting https://app.saytechnologies.com/archer-aviation-2026-q1.

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Bell Textron Inc., a Textron Inc. company, announced today the opening of its Wichita Assembly Center (WAC) for the MV-75 Cheyenne fuselage assembly in Wichita, KS. Bell began fuselage manufacturing operations at the facility in October of 2025, as a part of the acceleration initiative directed by the U.S. Army.

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• Total revenues of $388.7 million in Q1 2026 compared to $377.3 million in Q4 2025
• Net income of $13.1 million, or $0.44 per diluted share, in Q1 2026 compared to net income of $18.4 million, or $0.61 per diluted share, in Q4 2025
• Adjusted EBITDA⁽¹⁾ in Q1 2026 was $59.3 million compared to $60.1 million in Q4 2025
• Affirmed 2026 Adjusted EBITDA outlook range of $295 – $325 million

Bristow Group Inc. (NYSE: VTOL) (“Bristow” or the “Company”) today reported net income attributable to the Company of $13.1 million, or $0.44 per diluted share, for the quarter ended March 31, 2026 (the “Current Quarter”) on total revenues of $388.7 million compared to net income attributable to the Company of $18.4 million, or $0.61 per diluted share, for the quarter ended December 31, 2025 (the “Preceding Quarter”) on total revenues of $377.3 million.

The following table provides select financial highlights for the periods reflected (in thousands, except per share amounts). A reconciliation of net income to EBITDA and Adjusted EBITDA, operating income to Adjusted Operating Income and net cash provided by (used in) operating activities to Free Cash Flow and Adjusted Free Cash Flow is included in the “Non-GAAP Financial Measures” section herein.

“Bristow’s first quarter results place us on track for what is expected to be a transformational year for the Company in 2026,” said Chris Bradshaw, President and CEO of Bristow Group. “Bristow is favorably positioned to benefit from three global megatrends, namely: increased defense spending; the importance of energy security; and the electrification of transportation. In the context of a complicated geopolitical landscape and expectations for structurally higher defense spending, we believe there will be compelling organic and inorganic growth opportunities for a specialized aviation services provider with Bristow’s track record, operational expertise, and financial flexibility. Recent geopolitical events have also placed an enduring emphasis on where hydrocarbon supplies are located, and the established offshore energy basins that Bristow services represent some of the most attractive and secure sources of supply. In addition, Bristow has created significant option value, with minimal capital commitment to date, as an early leader in what is expected to be a large and rapidly growing addressable market for new generation electric and hybrid-electric aircraft.”

Sequential Quarter Results

Offshore Energy Services

Revenues from Offshore Energy Services were $6.9 million higher in the Current Quarter. Revenues in the Americas were $5.6 million higher primarily due to increased rates and higher utilization in the U.S. and Trinidad. Revenues in Africa were $4.0 million higher primarily due to higher utilization and other revenues driven by activity. Revenues in Europe were $2.8 million lower primarily due to lower utilization and reimbursable revenues in the UK, partially offset by favorable foreign exchange impacts.

Operating income from Offshore Energy Services was $6.5 million lower in the Current Quarter primarily due to higher depreciation and amortization expense of $6.0 million, higher operating expenses of $5.6 million and lower earnings from unconsolidated affiliates of $1.8 million, partially offset by the higher revenues.

The higher depreciation and amortization expense was due to accelerated depreciation on S76D medium helicopters resulting from a revision to their estimated useful lives. Repairs and maintenance costs were $10.6 million higher primarily due to lower vendor credits. Leased‑in equipment costs were $0.8 million higher primarily due to additional aircraft leases. Personnel costs were $3.1 million lower primarily due to lower severance costs in Africa and lower benefits costs and decreased headcount in the U.S. Other operating costs were $2.9 million lower primarily due to lower reimbursable expenses and subcontractor costs, partially offset by higher training costs. Earnings from unconsolidated affiliates were $1.8 million lower in the Current Quarter primarily due to dividends received in the Preceding Quarter.

Government Services

Revenues from Government Services were $7.8 million higher in the Current Quarter primarily due to the transition of the Irish Coast Guard (“IRCG”) contract, including the full quarter impact of the Sligo base that commenced operations in the Preceding Quarter and the commencement of operations at the final base in Waterford in the Current Quarter. Operating income was $0.9 million in the Current Quarter compared to an operating loss of $1.6 million in the Preceding Quarter primarily due to the higher revenues, partially offset by higher operating expenses of $4.8 million and higher general and administrative expenses of $0.5 million. The increase in operating expenses was due to higher repairs and maintenance costs of $2.3 million primarily related to the timing of repairs, higher personnel costs of $1.6 million due to increased operating personnel headcount in Ireland and higher leased-in equipment costs of $0.5 million related to ongoing transition activities on the second-generation UK search and rescue (“UKSAR2G”) contract. The increase in general and administrative expenses was primarily due to higher professional services fees.

Other Services

Revenues from Other Services were $3.2 million lower in the Current Quarter primarily due to lower seasonal utilization in Australia, partially offset by favorable foreign exchange rate impacts. Operating loss was $1.3 million in the Current Quarter compared to operating income of $1.5 million in the Preceding Quarter, primarily due to the lower seasonal revenues, partially offset by lower operating expenses of $0.4 million related to lower activity.

Corporate

Operating loss was $0.6 million in the Current Quarter compared to an operating loss of $10.0 million in the Preceding Quarter, primarily due to net gains on asset dispositions of $7.6 million in the Current Quarter compared to net losses of $2.1 million in the Preceding Quarter. During the Current Quarter, the Company sold two heavy helicopters and various other assets. During the Preceding Quarter, the Company sold or otherwise disposed of a heavy helicopter and various other assets.

Interest income was $1.0 million higher in the Current Quarter primarily due to income earned from U.S. Treasury bill investments on escrowed funds used in the satisfaction and discharge of the 6.875% Senior Secured Notes.

Interest expense was $3.4 million higher primarily due to higher debt balances and concurrent interest expense incurred during the refinancing of the Company’s 6.875% Senior Notes.

Loss on extinguishment of debt was $2.8 million due to the write off of unamortized deferred financing fees associated with the redemption of the 6.875% Senior Notes.

Other expense, net of $5.4 million in the Current Quarter was primarily due to foreign exchange losses. Other expense, net of $2.9 million in the Preceding Quarter primarily resulted from pension-related costs of $4.9 million and foreign exchange losses of $3.1 million, partially offset by gains on insurance recoveries of $5.0 million.

Affirms 2026 Outlook

Please refer to the section entitled “Forward-Looking Statements Disclosure” below for further discussion regarding the risks and uncertainties as well as other important information regarding Bristow’s guidance. The following guidance contains non-GAAP financial measures. Please read the section entitled “Non-GAAP Financial Measures” for further information.

Select financial outlook for 2026 is as follows (in USD, millions):

Capital Allocation and Liquidity

In the Current Quarter, purchases of property and equipment were $41.3 million, of which $4.4 million were maintenance capital expenditures, and cash proceeds from the sale of assets were $24.9 million. In the Preceding Quarter, purchases of property and equipment were $29.1 million, of which $6.0 million were maintenance capital expenditures, and cash proceeds from the sale of assets were $2.0 million.

As of March 31, 2026, the Company had $342.1 million of unrestricted cash and $51.5 million of remaining availability under its asset-based revolving credit facility (the “ABL Facility”) for total liquidity of $393.6 million. Borrowings under the ABL Facility are subject to satisfaction of certain terms and conditions.

Net cash used in operating activities was $8.3 million in the Current Quarter compared to net cash provided by operating activities of $76.9 million in the Preceding Quarter. The negative variance is primarily due to changes in working capital, namely an increase in accounts receivable. This is primarily attributable to timing, as the Company does not have a material amount of aged receivables.

During the Current Quarter, Bristow declared a dividend of $0.125 per share of common stock and paid $3.7 million in cash dividends.

On April 30, 2026, Bristow declared a dividend of $0.125 per share of common stock, payable on May 29, 2026, to shareholders of record at the close of business on May 15, 2026.

Conference Call

The Company’s management will conduct a conference call starting at 10:00 a.m. ET (9:00 a.m. CT) on Wednesday, May 6, 2026, to review results for the first quarter ended March 31, 2026. The conference call can be accessed using the following link:

Link to Access Earnings Call: https://bristowgroup-1q2026.open-exchange.net

A replay will be available through May 27, 2026 by using the link above. A replay will also be available on the Company’s website at www.bristowgroup.com shortly after the call and will be accessible through May 27, 2026. The accompanying investor presentation will be available on May 5, 2026, on Bristow’s website at www.bristowgroup.com.

For additional information concerning Bristow, contact Jennifer Whalen at InvestorRelations@bristowgroup.com, (713) 369-4636 or visit Bristow Group’s website at https://ir.bristowgroup.com/.

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LifeFlight made the announcement at the RotorTech Vertical Flight Exposition on the Gold Coast, where it reaffirmed its long-standing partnership with Leonardo Helicopters.

LifeFlight’s latest asset brings the total number of AW139 helicopters in the Oceania region to 80 across multiple operators and mission types.

LifeFlight’s partnership with Leonardo dates to 2015 when it took delivery of its first AW139.

LifeFlight and Leonardo have committed to further aircraft in the future, with the aeromedical organisation expecting to have one of the largest fleets in Australia by 2027.

The platform was first operated in Australia in 2008 and has become the preferred choice for aeromedical, search and rescue, law enforcement and rapid deployment missions.

The aircraft have been instrumental in contributing to more than 90,000 people helped since LifeFlight’s inception in 1979.

The high level of activity is matched by LifeFlight’s world-class engineers, who maintain exceptional serviceability through rigorous maintenance practices ensuring aircraft are available to respond whenever they’re needed.

LifeFlight and Leonardo also expanded their partnership with the LifeFlight Clive Berghofer Maintenance Centre at Archerfield Airport in Brisbane becoming a Leonardo Authorised Service Centre.

LifeFlight CEO and Managing Director Ashley van de Velde said the AW139 played a pivotal role in LifeFlight’s ability to meet strong demand for its service.

LifeFlight airlifted more than 8,800 people in 2025, up four per cent on the previous year, in regions across Queensland from the southeast to northwest.

Total LifeFlight helicopter flying hours rose 10 per cent to more than 6,000 and missions increased by nine per cent to exceed 3,800.

“The AW139 has been central to LifeFlight’s growth as one of Australia’s largest aeromedical services,” Mr van de Velde said.

“Missions and flying hours are rising year-on-year as our teams fly farther and faster into more complex situations than ever before.

“The partnership with Leonardo gives us the platform, engineering depth and training systems to meet that demand in safe and sustainable ways.”

Leonardo Helicopters VP Sales for Asia Pacific Daniele Alzetta said the AW139 had consistently demonstrated reliable, safe and high-performance capability across the most demanding mission environments.

“Australia’s geography and climate present unique challenges, and LifeFlight’s growing fleet and rising operational frequency confirm the AW139 as the platform best suited to meet them,” he said.

“We are proud to support LifeFlight as it expands its fleet for rapid response missions.”

At the event, LifeFlight showcased a Queensland Health medically fitted-out aircraft to display the AW139’s diverse configuration capabilities for patient transfers.

LifeFlight’s fleet extends beyond aeromedicine, with its special mission AW139 configured fleets providing rapid deployment for search and rescue, disaster response and aeromedical extraction.

The special mission helicopters are equipped with technology to assist in challenging rescue conditions such as flash flooding.

This includes FLIR Star SAFIRE 380HD thermal imaging, dual Goodrich 600lb rescue hoists, Trakkabeam A800 high-intensity searchlight, removable 20-inch HD tactical mission console and NVIS-compatible cockpit and cabin for night operations.

Since 2022, LifeFlight’s special mission capability has rescued hundreds of people and dozens of pets from flood, storm and cyclone events.

The helicopter also pioneered the use of Australia’s first animal rescue capsule for aerial pet transport.

LifeFlight has also deployed in support of the Australian Defence Force and Australian Border Force in north-western Australia, established remote operating bases within 48 hours, and executed single missions spanning more than 1,000 kilometres covering remote terrain.

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Specialized law enforcement training: the Bell 429 FTD Level 6

The Bell 429 FTD Level 6 simulator has been specifically configured to meet the rigorous demands of Law Enforcement missions. The high-fidelity cockpit features real Garmin GTN 750 equipment and a state-of-the-art E2M control loading system.

To ensure maximum skill transfer for police operations, the device integrates the ENVISION mission package. This includes a high-detail database of airports, specific 3D objects, and dedicated mission areas. Additional tactical features include a vibration system, a debriefing station, Forward Looking Infrared Camera based on FLIR simulation, and specialized  lighting.

Next-generation SAR capabilities: the AW139 FTD Level 5

In parallel, the AW139 FTD Level 5 simulator is configured for Search and Rescue (SAR) and Emergency Medical Services (EMS) training. The unit includes a hoist control station and a SAR mission scenario within the ENVISION database, featuring geo-specific Australian terrain.

Visual Excellence with enwall led and ENVISION

This technology provides superior image quality and contrast, which are vital for missions where visual references are critical. The simulators are powered by the ENVISION mission engine, using advanced rendering technology to faithfully recreate Toll Aviation’s operational environments.

The simultaneous acquisition of these two units underscores the trust that critical mission operators place in entrol’s technical expertise. This dual-device implementation will allow Toll Aviation to optimize crew training, reduce operational costs, and increase safety during complex real-world missions.

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The agreement establishes a framework for joint research and development into occupant-safe, continuous disinfection solutions that could be embedded within future aeromedical configurations of Airbus helicopters, supporting HEMS programmes in Australia and across the broader Asia-Pacific region.

“We are pleased to progress our collaboration with Airbus, driven by a shared commitment to preventing in-flight infection,” said Robert Gangi, CEO & Founder, Lindo. “By investigating how occupant-safe disinfection technologies can be integrated into next-generation aeromedical platforms, we are taking a meaningful step toward reducing pathogen transmission in critical care transport, while maintaining the operational efficiency these missions require.”

Critical care transport environments operate under intense time pressure, with high patient turnover and inherent infection risks. Advancing autonomous, continuous disinfection within these settings is vital for enhancing biosafety while maintaining the operational tempo that lifesaving missions demand.

The initial phase of the collaboration will centre on feasibility studies, system integration and validation of aBL lighting solutions within Airbus Helicopters platforms, with a view toward certified aircraft integration in the longer term.

The Lindo research and development programme is being led with design partners at Marker Design, with the continued support of the Victorian Government in enabling advanced manufacturing and technology development within the state.

“HEMS crews across Australia operate in some of the most demanding conditions in the world, often at the very edge of what aeromedical aviation is designed to do. Supporting them means looking beyond the airframe to the cabin environment itself,” said Christian Venzal, Managing Director, Airbus Helicopters in Australia, New Zealand and the Pacific. 

“That’s why this is an exciting step with Lindo. By bringing together global aerospace capability and Australian innovation, we’re exploring how the next generation of HEMS platforms can deliver not only faster, safer transport, but also a cleaner, more resilient clinical environment for patients and crews alike.”

Airbus Helicopters is the global leader in the HEMS segment, with more than 3,000 Airbus rotorcraft, over 50% of the worldwide HEMS fleet, supporting emergency medical missions. In Australia and New Zealand, Airbus platforms including the H125, H135, H145 and the H175 underpin the majority of aeromedical operations, with the next-generation H160 and H140 set to further extend that capability in the years ahead.

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Director and Chief Pilot at Helipower, Kelly Forster, said the H125 was selected for its ability to operate in the intense heat and humidity of North Queensland. “We’re excited to welcome our first H125. It’s a proven utility workhorse with the power and reliability our missions require. The spacious, air-conditioned cabin and low vibration levels are a real advantage when operating in challenging conditions day in, day out.”

To commemorate the delivery, the keys were handed to Helipower by legendary Airbus test pilot Didier Delsalle, who to this day is the only pilot to have ever landed a helicopter (and a H125, formerly known as the AS350 B3e) on the summit of Mount Everest.

“The H125 is a testament to what is possible when performance meets reliability,” said Delsalle. “Having pushed this aircraft to the literal top of the world, it gives me great pride to see another unit delivered here in Australia. This aircraft is built for the world’s most demanding environments, and it is the perfect match for the challenges of the Australian landscape.”

“We are delighted to support Helipower’s growth with the delivery of their new H125,” said Christian Venzal, Managing Director of Airbus Helicopters in Australia and New Zealand. “Its proven performance in extreme temperatures and remote locations make it a natural fit for the demanding missions of Australia’s north and we look forward to seeing it in action.”

The H125 carries up to five passengers with a range of 340 nautical miles (approximately 630 km) and an endurance of four and a half hours, making it well-suited to the long distances and remote staging points typical of North Queensland operations. For aerial work, the aircraft supports an external load capacity of up to 1,200 kg, and can be configured with a cargo hook and external cargo basket for sling operations. An air-conditioned cabin ensures crew and passenger comfort in tropical heat, while optional emergency floats extend its capability to over-water missions. An auxiliary fuel tank option further stretches range where access to refuelling is limited.

Today, more than 200 H125 family helicopters are flying in Australia and 4,300 flying across the globe in the most demanding conditions. It is the absolute market leader in the intermediate single-engine helicopter category, achieving a market share of around 80% in 2024 and surpassing over 40 million flight hours across the global fleet.

Since its maiden flight on 27 June 1974, the H125 (affectionately known in the industry as the “Squirrel”), has undergone continuous innovation. The aircraft provides enhanced safety and reduced pilot workload through its touchscreen glass cockpit, which incorporates the Garmin G500H TXi avionics suite and Airbus-developed Vehicle & Engine Multifunction Display (VEMD). The H125’s wireless connectivity automatically transfers flight data at the end of each flight.

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The Company’s Q1 2026 financial results filing is available on its investor relations website.

Stuart Simpson, CEO at Vertical, said: “This quarter represents a clear inflection point for Vertical. The successful completion of two-way piloted transition flight demonstrates our aircraft’s performance in real-world conditions and validates the core architecture required for certification. With this milestone achieved, our focus now shifts to executing Critical Design Review and advancing toward certification. Combined with our recent financing, we believe we are well positioned to deliver against our roadmap and progress Valo toward commercialization.”

Recent Highlights

Completion of Two-way Piloted Transition

• Successfully completed the fourth and final phase of the prototype aircraft piloted flight test campaign under the direct oversight of the UK Civil Aviation Authority (CAA), validating core technology and supporting the certification pathway.
• 2026 milestones to date include completion of both thrustborne transition flight and two-way piloted transition flight, a critical technical validator achieved by a limited number of global peers.
• Completion of the piloted flight test campaign marks the transition from technology demonstration into certification-focused development.
• The Company plans a series of upcoming public flight demonstrations

Advancing Toward Critical Design Review

• Progressing towards the Critical Design Review (CDR), which establishes the certifiable design baseline and enables the build and test of certification-conforming aircraft.
• Represents a key gating milestone ahead of full-scale certification testing, locking aircraft design elements, key supply chain configuration, and the certification partner ecosystem.
• Significant progress achieved across all major workstreams, including supplier alignment and validation of key structural and system elements.
• After CDR is achieved, preparation for assembly of the first pre-production aircraft begins, supporting continued progression toward certification.

Financial Outlook & Clear Path to Certification

• Strengthened balance sheet with a financing package of up to $850 million, providing access to a flexible suite of capital.
• Financing package is aligned to support key technical and operational milestones and progress towards certification.
• Ended the quarter with approximately $96 million (£73 million) of cash and cash equivalents.
• Short-term liquidity includes cash of approximately $103 million (£76 million) and anticipated near-term receipts from R&D tax reliefs (approximately $23 million / £17 million) and government grants & VAT (approximately $7 million / £6 million).
• Expected net cash outflows of between approximately $180 million and $200 million (£135 million to £145 million) over the next 12 months, reflecting continued investment in public flight demonstrations and key certification activities.
• Short-term liquidity, together with anticipated draws under available facilities, expected to provide at least 12 months runway.

Positioned for Next Phase

With the completion of transition flight and continued progress toward CDR, Vertical is entering a phase defined by disciplined execution against its certification roadmap.

The Company’s third prototype aircraft is expected to commence flight testing shortly, supporting further validation and certification activities.

Joining the Q1 Webcast

Vertical will host a webcast at 08:30 am ET (13:30 GMT) today to discuss the first quarter’s results. The call will be hosted by Vertical Chair, Dómhnal Slattery and Stuart Simpson, Vertical’s CEO. They will be joined by Simon Davies, Vertical’s Chief Test Pilot, and David King, Vertical’s Chief Engineer.

To access the webcast, visit Vertical’s Investor Relations website at https://investor.vertical-aerospace.com/events-and-presentations/events/. A replay will be available on the Company’s website following the event.

Annual Report

Vertical filed its 2025 Annual Report, including FY25 financial results on March 24, 2026. A copy of the Annual Report is available on the Company’s Investor Relations website and at www.sec.gov. Vertical will provide a hard copy of the Annual Report containing its audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed in writing by email to investors@vertical-aerospace.com, or by post to Vertical Aerospace Ltd., Unit 1 Camwal Court, Chapel Street, Bristol BS2 0UW, United Kingdom.

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NON-GAAP(1) FINANCIAL RESULTS (in thousands except percentages, unaudited)
		Three Months Ended March 31,
			2026				2025			% Change
Revenue:
Logistics		$	47,599			$	35,948			32.4	%
Transplant Clinical			9,839				—			NM	(2)
Other Clinical			9,946				—			NM	(2)
Total Clinical			19,785				—			NM	(2)
Total revenue		$	67,384			$	35,948			87.4	%
Gross profit:
Logistics(3)		$	9,165			$	7,053			29.9	%
Clinical(4)			4,952				—			NM	(2)
Total gross profit		$	14,117			$	7,053			100.2	%
Gross margin:
Logistics			19.3	%			19.6	%		(30	bps)
Clinical			25.0	%			—			NM	(2)
Total gross margin			21.0	%			19.6	%		140	bps
Adjusted SG&A		$	9,214			$	7,392			24.6	%
Adjusted SG&A as a percentage of revenue			13.7	%			20.6	%		(690	bps)
Adjusted EBITDA		$	6,410			$	416			1440.9	%
Adjusted EBITDA as a percentage of revenue			9.5	%			1.2	%		830	bps
(1) See “Use of Non-GAAP Financial Information” and “Key Metrics and Non-GAAP Financial Information” sections attached to this release for an explanation of Non-GAAP measures used and reconciliations to the most directly comparable GAAP financial measure. (2) Not meaningful. (3) Net of depreciation expense of $1,147 and $755 for the three months ended March 31, 2026 and 2025, respectively. (4) Net of depreciation expense of $360 for the three months ended March 31, 2026.

“We are pleased to report Q1 results that came in ahead of our expectations, reflecting both strong execution on our growth plan and improving industry dynamics,” said Melissa Tomkiel, Co-CEO and General Counsel. “Operationally, we’re making great progress optimizing how we deliver our end-to-end transplant service offering.”

Tomkiel continued, “This quarter we opened a new combined Logistics and Clinical hub in Chicago, enabling us to both better serve new Chicago-based transplant center customers we are onboarding this year as well as creating more cost-effective options to serve all of our customers when they are recovering from donors in the Midwest region more broadly.”

“The underlying strength of our transformed economic model is finally shining through as we began generating operating cash flow this quarter. Our quality of earnings and cash conversion will only improve in the coming quarters as we clear the last remaining Passenger divestiture transaction-related outflows,” said Will Heyburn, Co-CEO and CFO. “Our Clinical division showed especially strong sequential growth, with Gross Profit up nearly 30% versus Q4 2025, driven by a combination of new customer wins, a rebound in overall industry organ donors and continued industry mix shift towards third-party surgical recovery and NRP, where Strata is a market leader.”

Heyburn continued, “We’re delighted to announce the bolt-on acquisition of Ohio Valley Perfusion Associates, a regional provider of perfusion services to cardiac surgery programs in Ohio and Pennsylvania. While small in size, this deal is perfectly aligned with, and illustrates the potential of, our M&A strategy. Our capital deployment towards M&A is just getting started and our pipeline remains very active. We expect to reach the finish line on certain of these opportunities over the coming months.”

First Quarter Ended March 31, 2026 Financial Highlights: Q1 2026 vs. Q1 2025

• Total revenue increased 87.4% to $67.4 million in Q1 2026 versus $35.9 million in the prior year period driven by organic growth in Logistics and the addition of our Clinical business through the Keystone acquisition in Q3 2025.
• Logistics revenue, which represents the Company’s organic revenue growth, increased 32.4% to $47.6 million in Q1 2026 versus $35.9 million in the prior year period driven primarily by higher Air revenue where both new and existing customers contributed to the strong performance in the period. This was partially offset by customer mix, that drove shorter trip distances, and winter storms that resulted in the closure of key airports for several days during the quarter.
• Gross profit increased 100.2% to $14.1 million in Q1 2026 versus $7.1 million in the prior year period driven by growth in Logistics and the addition of our Clinical business.
• Gross margin increased approximately 140 basis points to 21.0% in Q1 2026 versus 19.6% in the prior year period driven primarily by the positive mix impact from the addition of our Clinical business, partially offset by a modest decline in Logistics gross margin.
• Logistics gross profit, which represents the Company’s organic growth, increased 29.9% to $9.2 million in Q1 2026 versus $7.1 million in the prior year period. Logistics gross margin of 19.3% in Q1 2026 decreased 30 basis points versus 19.6% the prior year period driven primarily by customer mix.”

Given that the acquisition of our Clinical business as well as the sale of our Passenger business occurred in Q3 2025, year-over-year comparisons of Clinical metrics, Net Income, Adjusted SG&A, Adjusted EBITDA and cash flow are not meaningful. Please see below for sequential comparisons for these metrics.

First Quarter Ended March 31, 2026 Financial Highlights: Q1 2026 vs. Q4 2025

• Total revenue increased 0.9% to $67.4 million in Q1 2026 versus $66.8 million in Q4 2025.
• Logistics revenue decreased (3.3)% to $47.6 million in Q1 2026 versus $49.2 million in Q4 2025 driven primarily by customer mix that drove shorter trip distances and winter storms that resulted in the closure of key airports for several days during the quarter.
• Clinical revenue rose 12.7% to $19.8 million in Q1 2026 versus $17.6 million in Q4 2025 driven primarily by Transplant Clinical revenue, which rose 26.7% in Q1 2026 versus Q4 2025 driven by both Normothermic Regional Perfusion (NRP) and Surgical Recovery services.
• Gross profit decreased (2.0)% to $14.1 million in Q1 2026 versus $14.4 million in Q4 2025 driven by a decrease in Logistics gross profit partially offset by an increase in Clinical gross profit.
• Gross margin decreased approximately 60 basis points to 21.0% in Q1 2026 versus 21.6% in Q4 2025 driven primarily by a decline in the Logistics gross margin, partially offset by an improvement in the Clinical gross margin.
• Logistics gross profit decreased (13.4)% to $9.2 million in Q1 2026 versus $10.6 million in Q4 2025. Logistics gross margin of 19.3% in Q1 2026 decreased 220 basis points versus 21.5% in Q4 2025 driven primarily by customer mix.
• Clinical gross profit increased 29.2% to $5.0 million in Q1 2026 versus $3.8 million in Q4 2025. Clinical gross margin increased to 25.0% in Q1 2026 versus 21.8% in Q4 2025 primarily due to margin improvement in, and a mix shift towards, Transplant Clinical revenue.
• Total Selling, general and administrative expenses decreased $3.7 million to $15.6 million in Q1 2026 versus $19.3 million in Q4 2025. Adjusted SG&A⁽¹⁾ increased $0.3 million to $9.2 million in Q1 2026 versus $8.9 million in Q4 2025 driven primarily by investments in resources and infrastructure to support growth in the business.

^{(1) See “Use of Non-GAAP Financial Information” and “Key Metrics and Non-GAAP Financial Information” sections attached to this release for an explanation of Non-GAAP measures used and reconciliations to the most directly comparable GAAP financial measure.}

• Net income from continuing operations increased by $7.8 million to $2.4 million in Q1 2026 versus $(5.4) million in Q4 2025.
• Adjusted EBITDA⁽¹⁾ was $6.4 million in Q1 2026 versus $7.0 million in Q4 2025. Adjusted EBITDA margin fell to 9.5% in Q1 2026 versus 10.4% in Q4 2025. The 90 basis points decline in Adjusted EBITDA margin versus Q4 2025 was driven by a 60 basis points decline in gross margin and a 30 basis points increase in Adjusted SG&A as a percentage of revenue.
• Cash flow from operating activities was $3.9 million in Q1 2026. In Q1 2026, the $2.5 million difference between Adjusted EBITDA and operating cash flow was driven by approximately $1.0 million of income statement adjustments and a $1.5 million increase in working capital.
• Capital expenditures of $5.5 million in Q1 2026 were driven primarily by $3.7 million of aircraft acquisitions, along with aircraft capitalized maintenance.
• Free Cash Flow, before aircraft and engine acquisitions⁽¹⁾ was $2.1 million in Q1 2026.
• Ended Q1 2026 with $58.8 million in cash and short term investments.

Business Highlights and Recent Updates

• Completed the acquisition of Ohio Valley Perfusion Associates, a regional provider of perfusion services to cardiac surgery programs in Ohio and Pennsylvania for approximately $1 million.
• Ended Q1 2026 with a fleet of approximately 35 aircraft, including 10 owned aircraft following the acquisition of 1 aircraft during the quarter. The fleet was stationed across approximately 20 air bases at the end of Q1 2026; opened new base in Chicago.
• Opened 2 organ recovery hubs and ended Q1 2026 with 13 hubs.
• Key transplant indicators improved in Q1 2026 including a mid-single digit sequential increase in deceased donors and the continued increase in NRP penetration of Donation after Circulatory Death (DCD) donors.

Financial Outlook

Today, we are reiterating our 2026 guidance:

• Revenue of $260-275 million
• Adjusted EBITDA⁽²⁾ of $29-33 million
• Free cash flow, before aircraft and engine acquisitions⁽²⁾ of $15-22 million

Conference Call

The Company will conduct a conference call starting at 8:00 a.m. ET on May 6, 2026 to discuss the results for the first quarter ended March 31, 2026.

A live audio-only webcast of the call may be accessed from the Investor Relations section of the Company’s website at https://ir.stratacritical.com/. An archived replay of the call will be available on the Investor Relations section of the Company’s website for one year.

^{(1) See “Use of Non-GAAP Financial Information” and “Key Metrics and Non-GAAP Financial Information” sections attached to this release for an explanation of Non-GAAP measures used and reconciliations to the most directly comparable GAAP financial measure.
(2) We have not reconciled the forward-looking Adjusted EBITDA and free cash flow, before aircraft and engine acquisitions guidance included above to the most directly comparable GAAP measures because this cannot be done without unreasonable effort due to the variability and low visibility with respect to certain costs, the most significant of which are, with respect to Adjusted EBITDA, incentive compensation (including stock-based compensation), transaction-related expenses, and certain fair value measurements, which are potential adjustments to future earnings, and with respect to free cash flow, before aircraft and engine acquisitions, changes in operating assets and liabilities. We expect the variability of these items to have a potentially unpredictable, and a potentially significant, impact on our future GAAP financial results.}

Use of Non-GAAP Financial Information

Strata believes that the non-GAAP measures discussed below, viewed in addition to and not in lieu of our reported U.S. generally accepted accounting principles (“GAAP”) results, provide useful information to investors by providing a more focused measure of operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making. The non-GAAP measures presented herein may not be comparable to similarly titled measures presented by other companies. Adjusted EBITDA, Adjusted SG&A, Free Cash Flow, and Free Cash Flow before aircraft and engines acquisitions, all of which have been reconciled to the nearest GAAP measure in the tables within this press release.

Adjusted EBITDA – Strata reports Adjusted EBITDA, which is a non-GAAP financial measure. Strata defines Adjusted EBITDA as net income (loss) from continuing operations adjusted to exclude: (1) depreciation and amortization; (2) stock-based compensation; (3) change in fair value of warrant liabilities and other assets and liabilities; (4) interest income and expense; (5) income tax; (6) impairment of intangible assets or property and equipment; and (7) certain other non-recurring items that management does not believe are indicative of the Company’s ongoing operating performance and would impact the comparability of results between periods.

Adjusted SG&A – Strata defines Adjusted selling, general and administrative (“SG&A”) expenses as SG&A adjusted to exclude: (1) depreciation; (2) stock-based compensation; (3) impairment of property and equipment; and (4) other non-cash items and certain other non-recurring items that management does not believe are indicative of the Company’s ongoing operating performance that would impact the comparability of results between periods.

Free Cash Flow, and Free Cash Flow before aircraft and engines acquisitions – Strata defines Free Cash Flow as net cash provided by / (used in) operating activities less capital expenditures and capitalized software development costs (net of proceeds from disposals). Free Cash Flow before aircraft and engines acquisitions is defined as Free Cash Flow excluding cash outflows related to aircraft and engines acquisitions. Strata believes these measures provide valuable insights into the Company’s cash-generating capacity. In particular, Free Cash Flow before aircraft and engines acquisitions highlights the cash generated by Strata’s continuing operations prior to the impact of aircraft and engines acquisitions, which are discretionary and strategic in nature.

Financial Results

STRATA CRITICAL MEDICAL, INC. Condensed Consolidated Statements of Operations (in thousands, except share data, unaudited)
		Three Months Ended March 31,
			2026				2025
Revenue		$	67,384			$	35,948
Cost of revenue			53,267				28,895
Gross profit			14,117				7,053
Operating expenses
Selling, general and administrative			15,605				12,330
Amortization of intangible assets			1,486				408
Total operating expenses			17,091				12,738
Operating loss from continuing operations			(2,974	)			(5,685	)
Other non-operating income
Interest income, net			473				1,321
Change in fair value of warrant liabilities			1,459				2,752
Change in fair value of assets and other liabilities			3,444				—
Total other non-operating income			5,376				4,073
Income (loss) from continuing operations before income taxes			2,402				(1,612	)
Income tax expense from continuing operations			—				—
Net income (loss) from continuing operations			2,402				(1,612	)
Net loss from discontinued operations			(248	)			(1,881	)
Net income (loss)		$	2,154			$	(3,493	)
Basic earnings (loss) per share
Continuing operations		$	0.03			$	(0.02	)
Discontinued operations			—				(0.02	)
Total basic earnings (loss) per share		$	0.03			$	(0.04	)
Diluted earnings (loss) per share
Continuing operations		$	0.03			$	(0.02	)
Discontinued operations			—				(0.02	)
Total diluted earnings (loss) per share		$	0.03			$	(0.04	)
Weighted-average number of shares outstanding:
Basic			85,322,941				79,891,829
Diluted			90,168,853				79,891,829

STRATA CRITICAL MEDICAL, INC. Condensed Consolidated Statements of Cash Flows (in thousands, unaudited)
		Three Months Ended March 31,
			2026				2025
Cash Flows From Operating Activities:
Net income / (loss)		$	2,154			$	(3,493	)
Adjustments to reconcile net income (loss) to net cash and restricted cash used in operating activities:
Change in gain on sale of business			344				—
Depreciation and amortization			3,060				1,697
Stock-based compensation			5,035				4,217
Change in fair value of warrant liabilities			(1,459	)			(2,752	)
Change in fair value of other assets and liabilities			(3,444	)			—
Accretion of interest income on held-to-maturity securities			(265	)			(723	)
Deferred tax expense			(77	)			(17	)
Other			27				93
Changes in operating assets and liabilities:
Prepaid expenses and other current assets			383				2,254
Accounts receivable			149				(520	)
Other non-current assets			78				13
Operating right-of-use assets/lease liabilities			73				(30	)
Accounts payable and accrued expenses			(2,158	)			(2,278	)
Deferred revenue			(3	)			1,293
Other			(12	)			—
Net cash provided by (used in) operating activities (includes discontinued operations)			3,885				(246	)
Cash Flows From Investing Activities:
Cash transfer related to sale of business			(290	)			—
Capitalized software development costs			(302	)			(532	)
Purchase of property and equipment, net of proceeds from disposal			(5,179	)			(2,614	)
Purchase of held-to-maturity investments			—				(84,197	)
Proceeds from maturities of held-to-maturity investments			30,500				107,750
Net cash provided by investing activities (includes discontinued operations)			24,729				20,407
Cash Flows From Financing Activities:
Proceeds from the exercise of common stock options			52				60
Taxes paid related to net share settlement of equity awards			(582	)			(4,306	)
Payments for debt issuance costs			(329	)			—
Net cash used in financing activities (includes discontinued operations)			(859	)			(4,246	)
Effect of foreign exchange rate changes on cash balances			—				126
Net increase in cash and cash equivalents and restricted cash			27,755				16,041
Cash and cash equivalents and restricted cash – beginning			31,232				19,647
Cash and cash equivalents and restricted cash – ending		$	58,987			$	35,688
Reconciliation to condensed consolidated balance sheets (includes discontinued operations)
Cash and cash equivalents		$	58,723			$	34,830
Restricted cash			264				858
Total cash and cash equivalents and restricted cash		$	58,987			$	35,688
Supplemental cash flow information
Non-cash investing and financing activities:
New leases under ASC 842 entered into during the period			1,317				608
Purchases of property and equipment and capitalized software in accounts payable and accrued expenses			161				339

Key Metrics and Non-GAAP Financial Information
SEQUENTIAL QUARTER COMPARISON — REVENUE, GROSS PROFIT, GROSS MARGIN, ADJUSTED SG&A, ADJUSTED EBITDA (in thousands except percentages, unaudited)
		Three Months Ended March 31,				Three Months Ended December 31,
			2026				2025			% Change
Revenue:
Logistics		$	47,599			$	49,230			(3.3	)%
Transplant clinical			9,839				7,765			26.7	%
Other clinical			9,946				9,792			1.6	%
Total Clinical			19,785				17,557			12.7	%
Total revenue		$	67,384			$	66,787			0.9	%
Gross profit:
Logistics(1)		$	9,165			$	10,579			(13.4	)%
Clinical(2)			4,952				3,833			29.2	%
Total gross profit		$	14,117			$	14,412			(2.0	)%
Gross margin:
Logistics			19.3	%			21.5	%		(220	bps)
Clinical			25.0	%			21.8	%		320	bps
Total gross margin			21.0	%			21.6	%		(60	bps)
Adjusted SG&A		$	9,214			$	8,922			3.3	%
Adjusted SG&A as a percentage of revenue			13.7	%			13.4	%		30	bps
Adjusted EBITDA		$	6,410			$	6,955			(7.8	)%
Adjusted EBITDA as a percentage of revenue			9.5	%			10.4	%		(90	bps)
(1) Net of depreciation expense of $1,147 and $1,091 for the three months ended March 31, 2026 and December 31, 2025, respectively. (2) Net of depreciation expense of $360 and $374 for the three months ended March 31, 2026 and December 31, 2025 respectively.

RECONCILIATION OF TOTAL SG&A TO ADJUSTED SG&A EXPENSE (in thousands except percentages, unaudited)
		Three Months Ended March 31,				Three Months Ended March 31,				Three Months Ended December 31,
			2026				2025				2025
Total Selling, general and administrative		$	15,605			$	12,330			$	19,341
Adjustments to reconcile SG&A to Adjusted SG&A
Subtract:
Depreciation			67				61				67
Stock-based compensation			5,035				3,809				6,586
Legal expenses and regulatory advocacy fees(1)			209				358				274
Impairment of property and equipment			—				—				1,655
M&A transaction costs and integration of the acquired company(2)			650				17				1,069
Reorganization and rebranding costs related to the sale of the Passenger business(3)			419				—				610
Corporate staff costs included in the sold Passenger business(4)			—				693				158
Other			11				—				—
Adjusted SG&A		$	9,214			$	7,392			$	8,922
Adjusted SG&A as a percentage of Revenue			13.7	%			20.6	%			13.4	%
(1) For the three months ended March 31, 2026, mainly includes settlement fees related to one specific legal matter. For the three months ended March 31, 2025 and December 31, 2025 comprised of legal fees related to theDruliasclass action lawsuit which the parties entered into a Stipulation of Settlement to fully resolve the matter in December 2025. We consider those matters to be non-recurring and not representative of the legal and regulatory advocacy costs typically incurred in the ordinary course of business. (2) For the three months ended March 31, 2026 and December 31, 2025 consists of M&A transaction costs (including legal fees and professional fees related to financial, legal, and tax due diligence) for potential acquisitions; and costs of integrating Keystone into a public company environment, including enterprise resource planning migration and software development costs to enhance its internally developed software to meet internal control standards. For the three months ended December 31, 2025, in addition to the items noted, there were additional costs relating to SOX compliance, preparation of standalone audited financial statements and pro forma financial information required for significant acquisitions (as defined by the SEC). (3) For the three months ended March 31, 2026 and December 31, 2025, consists of rebranding costs related to the decommissioning of the Blade brand and the introduction of the Strata brand; one-time reorganization costs related to the restructuring of Strata headquarters following the transfer of certain positions to Joby Aviation; and software application costs incurred to separate our software from the Passenger platform. For the three months ended December 31, 2025, in addition to the items noted, there were additional costs relating to accounting fees associated with the carve-out and additional SEC filings required following the sale of the Passenger business. (4) Represents corporate staff costs related to employees who transferred to Joby Aviation following the sale of the Passenger business on August 29, 2025. This adjustment is intended to enhance period-to-period comparability by excluding from all periods, costs associated with transferred employees whose corporate functions were not replaced. Under U.S. GAAP (ASC 205-20), these costs were required to remain in continuing operations prior to the divestiture because they were not directly attributable to discontinued operations.

RECONCILIATION OF NET INCOME (LOSS) FROM CONTINUING OPERATIONS TO ADJUSTED EBITDA (in thousands except percentages, unaudited)
		Three Months Ended March 31,				Three Months Ended March 31,				Three Months Ended December 31,
			2026				2025				2025
Net income (loss) from continuing operations		$	2,402			$	(1,612	)		$	(5,388	)
Add (deduct):
Depreciation and amortization			3,060				1,224				3,008
Stock-based compensation			5,035				3,809				6,586
Change in fair value of warrant liabilities			(1,459	)			(2,752	)			(1,416	)
Change in fair value of assets and other liabilities			(3,444	)			—				1,037
Interest income, net			(473	)			(1,321	)			(638	)
Legal expenses and regulatory advocacy fees(1)			209				358				274
Impairment of property and equipment			—				—				1,655
M&A transaction costs and integration of the acquired company(2)			650				17				1,069
Reorganization and rebranding costs related to the sale of the Passenger business(3)			419				—				610
Corporate staff costs included in the sold Passenger business(4)			—				693				158
Other			11				—				—
Adjusted EBITDA		$	6,410			$	416			$	6,955
Adjusted EBITDA as a percentage of revenue			9.5	%			1.2	%			10.4	%
(1) For the three months ended March 31, 2026, mainly includes settlement fees related to one specific legal matter. For the three months ended March 31, 2025 and December 31, 2025 comprised of legal fees related to theDruliasclass action lawsuit which the parties entered into a Stipulation of Settlement to fully resolve the matter in December 2025. We consider those matters to be non-recurring and not representative of the legal and regulatory advocacy costs typically incurred in the ordinary course of business. (2) For the three months ended March 31, 2026 and December 31, 2025 consists of M&A transaction costs (including legal fees and professional fees related to financial, legal, and tax due diligence) for potential acquisitions; and costs of integrating Keystone into a public company environment, including enterprise resource planning migration and software development costs to enhance its internally developed software to meet internal control standards. For the three months ended December 31, 2025, in addition to the items noted, there were additional costs relating to SOX compliance, preparation of standalone audited financial statements and pro forma financial information required for significant acquisitions (as defined by the SEC). (3) For the three months ended March 31, 2026 and December 31, 2025, consists of rebranding costs related to the decommissioning of the Blade brand and the introduction of the Strata brand; one-time reorganization costs related to the restructuring of Strata headquarters following the transfer of certain positions to the Joby Buyer; and software application costs incurred to separate our software from the Passenger platform. For the three months ended December 31, 2025, in addition to the items noted, there were additional costs relating to accounting fees associated with the carve-out and additional SEC filings required following the sale of the Passenger business. (4) Represents corporate staff costs related to employees who transferred to Joby Aviation following the sale of the Passenger business on August 29, 2025. This adjustment is intended to enhance period-to-period comparability by excluding from all periods, costs associated with transferred employees whose corporate functions were not replaced. Under U.S. GAAP (ASC 205-20), these costs were required to remain in continuing operations prior to the divestiture because they were not directly attributable to discontinued operations.

RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW MEASURES (in thousands, unaudited)
		Three Months Ended March 31, 2026
Net cash provided by operating activities		$	3,885
Capitalized software development costs			(302	)
Purchase of property and equipment, net of proceeds from disposal			(5,179	)
Free cash flow		$	(1,596	)
Aircraft and engine acquisition capital expenditures(1)			3,678
Free cash flow before aircraft and engine acquisitions		$	2,082
(1) Represents capital expenditures for aircraft and engine acquisitions, excluding capitalized maintenance subsequent to initial acquisition.

About Strata Critical Medical 

Strata is a time-critical logistics and medical services provider to the U.S. healthcare industry. We operate one of the nation’s largest air transport and surgical services networks for transplant hospitals and organ procurement organizations, offering an integrated “one call” solution for donor organ recovery.

Strata’s core services include air and ground logistics, surgical organ recovery, organ placement and normothermic regional perfusion for the transplant industry, as well as perfusion staffing and equipment solutions for cardiovascular surgery centers, offered under the Trinity Medical Solutions and Keystone Perfusion brands.

The post Strata Critical Medical Announces Q1 2026 Results appeared first on HeliHub.com.

The addition of the Bell 429 helicopters represents a transformative step in QPS’s aviation capabilities, enabling the force to address complex challenges with greater efficiency and precision. These state-of-the-art aircraft will be deployed for patrolling and supporting on-ground policing efforts across the state, further strengthening QPS’s ability to serve and protect its communities.

Advanced Technology for Public Safety

The newly commissioned Bell 429 helicopters are equipped with cutting-edge safety features, high-resolution cameras, and night vision capabilities. These advancements significantly enhance QPS’s aerial capabilities, ensuring effective responses to critical incidents, improved surveillance, and seamless support for ground operations.

“The Bell 429 is more than just an aircraft; it is a symbol of innovation and reliability,” said Daniel McQuestin, Bell’s business development director, Australia, New Zealand, and the Pacific Rim. “Together with QPS, we are advancing aviation technology while strengthening and increasing trust and collaboration, ensuring communities are protected and served with excellence. The Bell 429 is a proven platform that delivers unmatched performance, reliability, and versatility, making it an ideal choice for public safety operations. We are proud to support QPS in their dedication to enhancing operational capabilities and safeguarding the people of Queensland.”

QPS POLAIR’s Proven Impact with Bell 429

Recent QPS POLAIR helicopter statistics reveal that the introduction of Bell helicopters has significantly bolstered its air capabilities, enhancing police operations and delivering measurable results for Townsville since October 1, 2024:

• Responded to 1,672 calls for service
• First QPS asset on scene for 825 jobs
• Assisted with 24 searches for vulnerable or missing persons
• Assisted with the arrest of 601 offenders, including 225 young offenders

• Attended 292 serious domestic violence incidents as a first response capability and involved in containing or locating 175 respondents
• Responded to 264 stolen vehicle jobs and recovered 130 stolen vehicles

Bell remains dedicated to providing world-class support and services to ensure the continued success of operators’ critical missions worldwide. The Bell 429 continues to set the standard for public safety operations globally, offering tailored solutions to meet the unique needs of law enforcement agencies.

The post Bell celebrates launch of operations of B429 with Queensland Police appeared first on HeliHub.com.

Why it matters: The $324 million contract builds on the Army’s acquisition strategy to get critical equipment in the hands of the warfighter sooner and increases the number of CH-47F Block II aircraft under contract to 24.

Driving the news: “Consistent production awards reflect the Army’s confidence in the CH-47F Block II as a critical capability for handling logistics in challenging environments across different domains and in varying operations,” said Heather McBryan, vice president and program manager, Cargo Programs, for Boeing Defense, Space & Security. “Block II Chinooks provide commanders greater operational reach, faster resupply and enhanced protection for forces operating in austere and contested environments.”

Catch up quick: The Lot 6 agreement follows two other awards last year, including the first contract as part of the Army’s Rapid Fielding decision.

• Boeing has delivered six CH-47F Block II production helicopters to the Army.
• The Army is preparing to field the first unit equipped no later than mid-2028 after delivery of the Lot 3 Block II aircraft.

Go deeper: The CH-47F Block II features improved capabilities.

• A strengthened drivetrain and airframe add 4,000 pounds (more than 1,800 kilograms) to the aircraft’s maximum gross weight for significantly greater lift capability.
• Innovative fuel-system changes extend the mission radius for nearly all payloads.
• Improved sustainment enables affordable future upgrades.

The post US Army orders six more CH-47F Block II Chinooks appeared first on HeliHub.com.

The award supports the Army’s Medium Range Reconnaissance (MRR) initiative, one of the Army’s ongoing unmanned systems procurements.

“Being selected for the Company-Level Directed Requirement validates VAPOR CLE’s performance, adaptability, and mission value,” said Jason Hendrix, Vice President and General Manager of SUAS at AV. “This award reflects AV’s commitment to delivering operationally relevant, rapidly deployable solutions that meet the Army’s urgent needs and evolving mission requirements.”

The Army’s CoLvl DR effort delivers commercially available SUAS capabilities to Brigade Combat Teams (BCTs) to meet immediate operational needs, emphasizing UAS as a complete system. This approach enables modular, reconfigurable, and attritable payloads for reconnaissance, surveillance, and target acquisition, while enhancing adaptability, operational effectiveness, and soldier-driven experimentation to shape future requirements.

Engineered for demanding missions, the VAPOR CLE all-electric helicopter UAS sets a new standard for endurance, payload capacity, and field adaptability. Designed for operations across austere environments — from Arctic terrain to contested maritime conditions — the platform combines rugged reliability with a compact, deploy-anywhere design. Its modular open architecture and multi-sensor payload bay make it one of the most versatile small VTOL systems available.

Its folding airframe and compact pack-out system enable case-to-flight in as little as two minutes, delivering exceptional portability and speed to launch. Ruggedized for extreme weather and harsh sea states, VAPOR CLE can carry up to 24 pounds of payload or lethal munitions and deliver up to two hours of endurance, outperforming other all-electric quadcopters and competing helicopter UAS platforms in its class.

The post US Army awards Aerovironment with Medium Range Reconnaissance Program contract appeared first on HeliHub.com.

On 14 April 2026, Vertical became the second company globally to complete a two-way piloted transition flight in a full-scale tiltrotor eVTOL and the first to do so under civil aviation Design Organisation Approval regulatory oversight.

Chief Test Pilot Simon Davies completed the flight – transitioning from vertical take-off to wingborne cruise and back to vertical landing – all in one continuous flight. This builds on Vertical’s thrustborne transition on 2 April 2026 and marks the completion of two-way transition, the defining capability of eVTOL aviation.

Put simply, this is what makes electric air taxis possible. Transition flight validates the technology which will enable Valo, Vertical’s commercial aircraft, to take off vertically from a city-centre vertiport or rooftop with passengers, fly efficiently at speed like an airplane, and land vertically at its destination – comfortably, quietly and without a runway. This unlocks planned real-world routes such as Canary Wharf to Heathrow or JFK to Manhattan, making them operationally and commercially viable.

Stuart Simpson, CEO, Vertical Aerospace, said: “This is now the most significant technical milestone in our history. Full piloted transition is the most critical and complex challenge in eVTOL development, and we’ve achieved it under more rigorous regulatory oversight than anyone in the category. We’re not just participating in this industry – we are helping to define it. Our focus now is on executing our roadmap and bringing certified electric flight into commercial service.”

Path to Certification

As with all Vertical flight tests since 2023, this milestone was achieved under the direct oversight of the UK Civil Aviation Authority (CAA), who are working in close collaboration with the European Union Aviation Safety Agency (EASA) toward Type Certification of Valo. Testing is conducted under Vertical’s Design Organisation Approval, a pre-requisite for entry into service.

With all phases of flight now proven – vertical take-off, wingborne flight and transition between the two – Vertical is moving into the next stage of certification testing. This will include critical design review, when the aircraft design is locked, followed by the build of seven pre-production Valo aircraft in the UK for compliance and verification testing with the CAA and EASA.

Vertical is targeting certification of Valo in 2028 to the highest safety standards in the category, with entry into service expected shortly thereafter. The certification approach is designed to be transferable to other regulators, including the US Federal Aviation Administration (FAA), Brazil’s National Civil Aviation Agency (ANAC) and the Japan Civil Aviation Bureau (JCAB), supporting global deployment with airline and operating partners including American Airlines, Avolon, Bristow, GOL and Japan Airlines.

Steve Johnson, Vice Chair and Chief Strategy Officer, American Airlines, said: “Advanced air mobility represents a natural extension of American’s broader commitment to innovation and shaping the next era of aviation. As both an investor and long-term supporter of Vertical Aerospace, we share a clear ambition to make safe, scalable, and sustainable eVTOL flight a reality, and today’s news is a foundational step toward that end. Together, we’re not just imagining the future of travel, we’re actively building it.”

UK Secretary of State for Business and Trade, Peter Kyle, said: “This is a fantastic milestone not only for Vertical, but for the UK’s position in the future of aerospace as we continue to lead the way on zero emission flight.

“Through our Industrial Strategy and the Aerospace Technology Institute we’re backing companies like Vertical who are demonstrating the kind of innovation, engineering excellence and export potential that can keep Britain at the forefront of the global aerospace industry, and create high-skilled jobs for local people.”

Bob Buddecke, president, Electronic Solutions, Honeywell Aerospace, said: “Successful transition flight represents meaningful progress not only for Vertical, but for the entire advanced air mobility industry.

“Our Compact Fly-by-Wire team worked closely with Vertical’s team to help enable the successful flight, and we expect countless more to come. Vertical’s progress underscores the strength of our joint engineering approach and the importance of disciplined system integration in bringing next-generation aircraft to market.”

A Major Opportunity for the UK

As Europe’s only eVTOL developer to achieve full piloted transition, this milestone reinforces the UK’s position at the forefront of next-generation aerospace.

Vertical expects its UK-based manufacturing and supply chain to support thousands of high-skilled jobs and significant export growth, with its ecosystem projected to grow to over 2,000 jobs by 2035.

Progressing Key Strategic Milestones

Vertical will continue its focus on executing key strategic milestones over the next twelve months and beyond. These include public flight demonstrations, including at Farnborough International Airshow in July, progression of the hybrid-electric demonstrator, expansion of the Vertical Energy Center, advancement of the manufacturing facility, and production of the first full-scale Valo certification aircraft.

Vertical’s piloted flight test programme explainer:

• Phase 1: Tethered – stabilised hover while tethered (Completed September 2024)
• Phase 2: Thrustborne – vertical take-off, landing and low-speed manoeuvres (Completed February 2025)
• Phase 3: Wingborne – conventional take-off, flight and landing (Completed September 2025)
• Phase 4: Transition – transitioning between thrustborne and wingborne flight
  • Thrustborne transition (vertical take-off to wingborne flight): Completed April 2026
  • Two-way transition (including return to vertical landing): Completed April 2026

The post Vertical Aerospace achieves Two-Way Piloted Transition Flight appeared first on HeliHub.com.

The Bell 429 sets the standard for multi-mission capability. Whether it is for corporate transport, helicopter emergency medical services (HEMS), or law enforcement operations, the aircraft combines speed, range, and instrument flight rules (IFR) capability with unmatched flexibility, safety, and durability. In addition, it also features a fully integrated glass cockpit.

Agencies across the globe have already embraced Bell 429 as a critical asset in their operations, especially in the law enforcement sector. Notable operators include New South Wales Police, Queensland Police, and the Royal Thai Police. Its ability to adapt to diverse missions, combined with its superior performance, makes it a trusted partner in protecting communities and maintaining public safety.

“Bell is committed to supporting operators with innovative solutions that enhance their operational capabilities,” said Daniel McQuestin, Bell’s business development director for Australia, New Zealand, and the Pacific Rim. “As our customers face increasingly complex challenges, the Bell 429 remains a trusted ally in ensuring mission success and it is also a testament of Bell’s dedication to providing reliable, efficient, and mission-ready aircraft.”

Just recently, Bell announced that it has successfully signed purchase agreements for three Bell 429s in the United Kingdom and Estonia. Earlier in the year, Nakanihon Air Co., Ltd. (NNK), one of Japan’s largest helicopter operators, has also signed a purchase agreement for two additional Bell 429 aircraft to support helicopter emergency medical services.

The Bell 429 continues to set the standard for law enforcement helicopters, offering unparalleled performance, versatility, and safety. With over 500 Bell 429s operating worldwide, the platform has consistently demonstrated its value in demanding missions and challenging environments.

The post Bell showcases B429 multi-mission at Rotortech 2026 appeared first on HeliHub.com.

UAVOS Inc., a developer and manufacturer of advanced unmanned systems and components, today announced it is supplying high-performance rotor blades to U.S. aerospace startups participating in the DARPA Heavy Lift Challenge. The competition calls on developers to design and build an unmanned helicopter capable of carrying four times its own weight, a breakthrough capability with no precedent in operational rotorcraft. In this effort, UAVOS is supporting participating startups as a technology and supply partner, providing rotor blades engineered to meet the demanding performance standards required for advanced heavy-lift unmanned rotorcraft.

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Headquartered in Borgomanero (NO), Mecaer is a leading Italian industrial group in the development and manufacture of flight-critical systems and components, including flight control, actuation and landing systems for helicopters and business jets, as well as the design and development of cabin interiors and maintenance services. The Group operates through seven production and maintenance facilities in Italy, North America and Canada, and serves the sector’s leading global Original Equipment Manufacturers (OEMs), as well as major international Tier-1 suppliers.

In 2025, Mecaer recorded revenues of €242 million, substantially doubling its performance compared to that recorded at the time of FICC’s entry in 2021. The company has achieved consistent expansion through a combination of organic growth and selective M&A, supported by a strong order book and resilient underlying aerospace markets.

PAI and FII will work alongside the company’s CEO Marco Acca, Chairman Bruno Spagnolini and the management team to strengthen Mecaer’s competitive position by expanding its presence across new and existing best-selling platforms, supporting consolidation opportunities in the aerospace sector and driving further growth in key markets, particularly Italy, the rest of Europe and North America.

This transaction represents the second investment made by PAI MMF II following the acquisition of Orion, a leading provider of environmental monitoring services, and the fourth transaction for FICC II, confirming its role in supporting consolidation in highly fragmented areas of Italian industrial excellence with strong international growth potential. The transaction also represents FICC’s fourth successful exit, confirming the quality of the value creation process achieved since the 2021 transaction.

Raffaele Vitale, a Partner in PAI’s Mid-Market Fund, said: “Mecaer is a high-quality business with strong engineering capabilities, long-standing customer relationships and a clear track record of international growth. We are delighted to partner with management, Fondo Italiano and the founders to support the next phase of the company’s development as we look to expand its mission-critical systems and high value-added services.”

Guido Figliola, Partner at Fondo Italiano d’Investimento SGR, said: “FICC II’s investment in Mecaer, alongside PAI, following that made by FICC with Stellex, represents a further commitment by Fondo Italiano to support a globally leading example of Italian industrial excellence. The transaction confirms Fondo Italiano’s ability to forge partnerships with leading international financial investors. We would like to thank the management, Stellex and the founding families for their work in strengthening the company and bringing it to a scale and technological level that is fully competitive on international markets. We also extend our sincere appreciation to LGT Capital Partners as co‑investor, whose participation further confirms the strength and ambition of the project.”

Marco Acca, CEO of Mecaer Aviation Group, said: “We are proud to embark on a new phase of development alongside PAI and Fondo Italiano. I would like to thank Fondo Italiano, Stellex and my predecessor Bruno Spagnolini for the support received over the years, which has enabled Mecaer to strengthen its role as a strategic partner for leading OEMs in the A&D industry. Mecaer has achieved significant growth, supported by strong development of its industrial platform. The substantial strategic investments made, particularly in North America, lay the foundations for a solid starting point for the Group’s future growth phase.”

Bruno Spagnolini, Chairman of Mecaer Aviation Group, said: “The transaction ensures full strategic and operational continuity for the Group and the management team, while aiming to further strengthen strategic partnerships with our customers, working on multiple fronts in engineering, technology and product development, to continue supporting increasingly complex and high-value-added programmes.”

The transaction is expected to be completed later this year following customary regulatory approvals.

The sellers were advised by Lazard and KPMG Corporate Finance as financial advisers, Latham & Watkins on all legal aspects, and KPMG Transaction Services and Tax on accounting and tax matters. PAI and FII were advised by BNP Paribas and Mediobanca as financial advisers, A&O Shearman on contractual matters and legal due diligence, Cleary Gottlieb on legal matters relating to the financing, New Deal Advisors for financial due diligence, Chiaravalli e Associati and Atoz regarding tax due diligence and the tax aspects of the transaction, BCG for business due diligence, Ramboll for ESG, EHS and climate due diligence, and Marsh for insurance due diligence and W&I.

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In 2025, Rotortrade completed transactions across more than 30 countries in APAC and MEA, including Australia, New Zealand, Indonesia, India, Japan, UAE, South Africa, Nigeria, Zambia and Tajikistan. The company delivered a wide range of helicopter types, including H225, AW139, AW169, 412EP, H145, AW109SP/T, 135T3, 119Kx and AS350/H125, supporting diverse mission profiles such as offshore (OGP), EMS, firefighting, utility, passenger transport and VIP operations.

Together, APAC and MEA accounted for more than 40% of Rotortrade’s total revenue and profit contribution in 2025, continuing to reflect their leading role within the company’s global footprint.

APAC continues to show strong momentum. In 2025, the region recorded bottom-line contribution growth of up to 50% year-on-year, aligned with Rotortrade’s overall global performance, representing 25% of total company sales and margin and 35% of total transactions. Rotortrade’s activity spanned 12 countries across ANZ, Southeast Asia, China, India, Japan and Central Asia, with demand primarily driven by utility and EMS missions, alongside OGP, Corporate/VIP and SAR operations.

In Australia and New Zealand alone, Rotortrade secured 7 helicopter bookings in 2025, including 6 twin-engine and 1 single-engine aircraft, reflecting sustained demand for both light twin and mission-capable platforms in the region.

Across APAC and MEA, market activity continues to be supported by demand for versatile and cost-efficient helicopters, ranging from light single- and twin-engine platforms to medium twins supporting offshore and mission-critical operations. These dynamics remain broadly consistent with global trends, where EMS, utility and VIP configurations continue to represent a significant share of transaction volumes.

Rotortrade’s ability to operate across these markets is supported by its integrated model combining helicopter sales, financing and leasing solutions, and in-house maintenance (MRO) capabilities. This end-to-end approach enables the company to deliver aircraft that are fully prepared for operations, while supporting customers throughout the asset lifecycle.

Commenting on the regional performance, Philippe Lubrano, Founder & CEO of Rotortrade, stated: “We continue to see Asia-Pacific and the Middle East & Africa as leading regions within our global business. The diversity of missions and the increasing operational requirements across these markets support steady demand for reliable, well-configured aircraft. Our focus remains on delivering solutions that go beyond the transaction, supporting our customers with the right aircraft, financing structures, and technical capabilities over the long term.”

Aurélien Blanc, Executive VP, Head of Region APAC & MEA at Rotortrade, added: “Our focus has been on building strong foundations across these regions, with an emphasis on consistency, customer satisfaction, and long-term partnerships. This groundwork allows us to respond to operational requirements with the right level of support, combining aircraft availability, financing solutions, and maintenance capabilities. Over time, this approach continues to strengthen our relationships with operators across both mature and developing markets.”

As Rotortrade continues to expand its international footprint, APAC and MEA remain central to its long-term strategy, supported by ongoing investment in regional capabilities and global infrastructure.

The post Rotortrade reports APAC and MEA market growth appeared first on HeliHub.com.

Delivered as part of the Elevations program, the full-day course brought together aviation and ground professionals for an operationally focused training experience centered on real-world search-and-rescue (SAR) missions.

Built around real-world scenarios, the course addressed the full mission lifecycle—from pre-mission planning through execution and post-mission debrief. Participants worked through complex scenarios including swift water rescue, challenging terrain operations, and downed aircraft response, with a strong emphasis on coordination across air, ground, and specialty teams.

The course also included discussion and interaction around the role of canine teams in SAR operations, highlighting how K9 capabilities are integrated into mission planning, search strategies, and coordinated response efforts. This added perspective reinforced the importance of training as a fully integrated, multi-discipline operation.

“The level of engagement we saw reflects a clear need across the industry,” said Chris Gadbois, CEO of SRT Helicopters. “Operators are looking for training that mirrors real-world operations, where aviation, ground teams, and specialized units work together in dynamic environments.”

The session reinforced a broader shift toward mission-specific, scenario-based training, where readiness is built through realistic, team-based environments rather than isolated skill development.

Attendees responded strongly to the interactive format and the opportunity to exchange insights across agencies and disciplines highlighting the value of training that prepares teams for the complexity of modern SAR operations.

SRT Helicopters continues to advance mission-focused training that reflects the realities of modern operations, supporting operators with programs designed to improve coordination, decision-making, and real-world readiness.

The post SRT Helicopters highlights strong response to SAR course appeared first on HeliHub.com.

Tabula has partnered with Helitak Fire Fighting Equipment to deliver an integrated aerial firefighting solution that connects drop execution directly with fireground decision-making — helping operators and incident controllers move from estimation to informed action.

Built around the Helitak Fire Tank, the integration combines Helitak’s proven aerial delivery system with Tabula’s FireVision platform to capture and share targeted drop data in real time. The result is a more connected fireground, where every drop contributes to a clearer operational picture.

Closing the loop between drop and decision

Aerial firefighting has traditionally relied on post-drop observation and radio communication to assess effectiveness. This new integration removes that disconnect.

By linking the Helitak Fire Tank system with Tabula FireVision, operators can:

• Capture precise data on where and how drops are deployed

• Share that information instantly with fireground command

• Enable faster, more accurate retargeting for follow-up drops

• Reduce reliance on manual reporting and interpretation

This creates a continuous feedback loop — from execution in the air to decision-making on the ground — improving both efficiency and effectiveness in fast-moving fire environments.

Simplifying the cockpit, strengthening the response

As part of the integration, a dedicated screen is removed from the aircraft, reducing cockpit clutter and allowing pilots to stay focused on the task at hand.

Drop data is captured and transmitted automatically through the connected system, removing the need for additional in-cab hardware while still delivering detailed operational insight to fireground teams.

A joint solution built for real-world operations

The partnership brings together two complementary strengths:

• Helitak’s globally recognised aerial firefighting hardware

• Tabula’s real-time operational visibility and data platform

Together, the solution is designed to fit seamlessly into existing workflows, supporting both pilots in the air and teams coordinating response on the ground.

“This is about more than capturing data — it’s about making every drop count,” said Michael Whittaker, CEO & Executive Chairman of Tabula. “By connecting what happens in the air with decision-making on the ground, we’re giving fireground teams the information they need to respond faster and more effectively.”

“We’re always focused on delivering practical, reliable solutions for aerial firefighting operations,” said Jason Schellaars, CEO & Chief Engineer.  “Working with Tabula allows us to extend the capability of the Helitak Fire Tank by linking it directly into a broader operational system.”

Supporting more targeted aerial firefighting

With increasing pressure on firefighting resources, the ability to deploy aircraft more precisely and measure impact in real time is becoming critical.

By closing the loop between drop execution and fireground intelligence, Tabula and Helitak are helping operators move toward a more targeted, data-driven approach — improving coordination, reducing waste, and supporting safer, more effective outcomes.

The post Tablua brings real-time fireground intelligence in Helitak partnership appeared first on HeliHub.com.

Joby is in the final stages of certifying its revolutionary aircraft for commercial operations and last month completed a set of piloted demonstration flights across the San Francisco Bay Area. With one of the world’s most recognizable skylines as a backdrop, the company showcased its operational readiness, demonstrating that air taxis are not just a concept, but making rapid progress towards becoming a commercial reality.

“Park Elm Residences at Century Plaza is expected to become the first residential development in Los Angeles to offer an in-house air taxi service integrated into residents’ lifestyles. Owners will be able to book a Joby air taxi on demand, for flights within the greater Los Angeles area, turning drives that can exceed two hours into flights as short as five minutes.”

In addition to the vertiport, Joby plans to build a dedicated passenger lounge, drawing on its experience operating Blade lounges around the world. Blade, a division of Joby, and the leading urban air mobility company in the world, currently operates nine passenger lounges in the New York area and across the South of France. This newly planned lounge will be Joby’s first in a residential building.

“At Park Elm Residences, we’re redefining luxury living. Direct access to Joby air taxi service is a truly unique amenity that elevates the resident experience today and points to a future where expanded vertiport access across Los Angeles transforms everyday convenience,” said Jordana Yechiel, Director of Residential Design for Reuben Brothers.

“Given its Century City location, Park Elm Residences at Century Plaza, South Tower is ideally positioned to anchor a broader Los Angeles vertiport network,” said Rob Wiesenthal, CEO of Joby’s Blade Air Mobility division. “We expect this network to completely reshape how residents move through the city, beginning with airport trips.”

Joby and Reuben Brothers is jointly seeking all necessary local, state, and federal approvals required to launch the service. Joby will be responsible for the vertiport and lounge build-out, as well as operations, flight arrangements, and the passenger experience. Reuben Brothers will integrate Joby’s air taxi service into the amenity offerings for all Park Elm residents.

Joby has partnered with Delta Air Lines and Uber and was recently selected as a partner in multiple winning applications under the White House-backed eVTOL Integration Pilot Program (eIPP). Through the program, Joby has the opportunity to begin early operations this year in 12 states, marking a major milestone for the U.S. air taxi industry with the potential to significantly accelerate Joby’s path to commercial service.

The post London Heliport owners unveil Joby Vertiport in Los Angeles appeared first on HeliHub.com.

Bell Textron Inc., a Textron Inc. company, announced its formation of a subsidiary in Ukraine and plans to open a dedicated office as part of its long-term approach to industrial cooperation in the country.

The post Bell starts process for Ukraine office appeared first on HeliHub.com.

Building on the success of the Super D20B, the Super D20R integrates proven Super D airframe enhancements with the Rolls-Royce 250-C20R engine, delivering increased power and significantly improved hot-and-high performance. The upgrade enhances mission capability while retaining the aerodynamic and structural advantages of the Super D platform

The Super D20R includes:

• Extended main and tail rotor blades for increased lift
• Tail rotor gearbox extension for improved control authority
• Modified tailboom with updated empennage
• Redesigned vertical and horizontal stabilizers for enhanced stability

“These upgrades are focused on delivering real operational value,” said Ryan Weeks, President and CEO of MD Helicopters. “The Super D20R gives operators more power, better performance in demanding environments, and a clear path to modernize their aircraft without replacing them.”

The Super D20R is part of MD Helicopters’ modular upgrade strategy, enabling operators to enhance aircraft capability incrementally based on mission needs and budget. Aircraft already equipped with earlier Super D configurations can transition to the D20R through an engine upgrade, preserving prior investments while expanding performance.

With more than 1,000 MD 500-series aircraft operating worldwide, the Super D20R reinforces MD Helicopters’ commitment to extending the lifecycle, safety, and operational capability of its global fleet.

The Super D20R upgrade is now available through MD Helicopters’ global network of Authorized Service Centers. The MSRP is $386,000 USD, including labor. This upgrade replaces several high-value components; the resale value of removed parts may be retained by the operator, effectively reducing the net cost of the upgrade.

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Aircrews with the Madison-based 1st Battalion, 147th Aviation Regiment trained on the installation’s South Post, practicing water pickup and aerial drop techniques critical to combating wildfires.

During the training, crews used Bambi buckets suspended beneath their helicopters to dip water from Big Sandy Lake before delivering it to simulated fire targets.

The training emphasized precision flying, crew coordination, and rapid water delivery—key skills required during wildfire response missions.

Bambi buckets, which can carry hundreds of gallons of water, allow helicopter crews to quickly access nearby water sources and deliver targeted drops in areas inaccessible to ground crews.

Fort McCoy has long served as a premier location for this type of training due to its size, infrastructure, and available water sources.

The installation’s controlled training environment allows crews to conduct realistic fire-suppression scenarios without crossing public roadways, enhancing safety and efficiency, Fort McCoy Directorate of Plans, Training, Mobilization and Security officials said.

This annual training also builds on established partnerships between the Wisconsin National Guard, the Fort McCoy Fire Department, and natural resources personnel in past years. These collaborative efforts often coincide with prescribed burn operations on the installation, giving aircrews the opportunity to train in conditions similar to actual wildfire responses. The Black Hawk crews practiced separately in 2026.

Wisconsin National Guard aviation units routinely conduct Bambi bucket training each year to maintain readiness for state and national emergency missions, Wisconsin National Guard officials said. The training prepares crews not only for incidents within Wisconsin, but also for deployments to other states through mutual aid agreements, where Black Hawk crews have supported wildfire suppression efforts in places such as California.

By completing the April 13 training, Wisconsin National Guard aircrews are also likely to reinforce their capability to rapidly deploy and deliver lifesaving aerial firefighting support when called upon — ensuring they remain ready to protect communities and natural resources during wildfire season.

Fort McCoy’s motto beginning in 2026 is “Training the Total Force and Shaping the Future since 1909.”

The installation’s mission: “Fort McCoy strengthens Total Force Readiness by serving as a training center, Mobilization Force Generation Installation, and Strategic Support Area enabling warfighter lethality to deploy, fight, and win our nation’s wars.”

And Fort McCoy’s vision is, “To be the premier training center supporting the most capable, combat-ready, and lethal armed forces.”

Located in the heart of the upper Midwest, Fort McCoy is the only U.S. Army installation in Wisconsin. The installation has provided support and facilities for the field and classroom training of more than 100,000 military personnel from all services nearly every year since 1984.

Learn more about Fort McCoy online at https://home.army.mil/mccoy, on Facebook by searching “ftmccoy,” on Flickr at https://www.flickr.com/photos/fortmccoywi, and on X (formerly Twitter) by searching “usagmccoy.” Also try downloading the My Army Post app to your smartphone and set “Fort McCoy” or another installation as your preferred base. Fort McCoy is also part of Army’s Installation Management Command where “We Are The Army’s Home.”

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Engaged through international broadcast partners, the companies will deliver aerial broadcast services, including precision filming, dynamic tracking, and support for live production environments. Their scope includes the execution and coordination of aerial operations across designated host markets in tightly controlled airspace.

This engagement reflects a select group of aviation providers entrusted with supporting critical broadcast operations in key regions, including New York and South Florida.

“With the scale and visibility of the World Cup, execution matters,” said Javier Diaz, Founder of Wings Air Helicopters. “Our team is built for high-performance environments where precision, safety, and reliability are essential.”

With over two decades of experience spanning live broadcasts, film production, and mission-critical aviation, Wings Air Helicopters brings proven capability to complex, high-tempo operations.

Together, Wings Air Helicopters and Wave Helicopters provide coordinated coverage across multiple host markets, reinforcing their position as trusted partners for high-profile aerial broadcast missions.

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The aircraft underwent pre-delivery inspection, maintenance, and retrofit works at Rotortrade’s MRO facility in Tallard, France. Following completion, the helicopter was disassembled and transported via airfreight to Taiwan, where it was fully reassembled and returned to service by Rotortrade’s technical team. This project highlights Rotortrade’s ability to manage complex, end-to-end transactions combining technical expertise, logistics coordination, and operational readiness.

The aircraft is expected to support offshore wind farm operations, a sector experiencing significant growth in Taiwan. The country has developed one of the most dynamic offshore wind markets in Asia, with several large-scale projects underway, including developments set to rank among the largest in the region and supply power to hundreds of thousands of households.

“We are pleased to have supported Apex Aviation throughout this project, from acquisition to final delivery,” said Aurélien Blanc, Executive VP Head of Region APAC at Rotortrade. “This project is particularly meaningful as it supports the development of offshore wind infrastructure in Taiwan, a fast-growing and strategic market. I would also like to personally thank Wilson Kao for his trust and constructive support throughout this project, as well as the wider Apex Aviation team for their cooperation.”

Wilson Kao, Chief Executive Officer of Apex Aviation, added: “The arrival of the H145D3 marks a defining moment for Apex Aviation and for Taiwan’s offshore wind industry. We chose this aircraft for its proven performance in demanding environments, and it represents our first dedicated step into a sector we are fully committed to building. This sets the foundation for what comes next.”

This delivery represents a milestone for Apex Aviation, marking the company’s first helicopter dedicated to offshore wind operations and its entry into this segment in Taiwan.

The Airbus H145D3 is a proven multi-mission platform offering high performance, reliability, and operational flexibility, making it particularly well suited for offshore wind support missions.

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“Expanding our presence in Eastern Ohio and Western Pennsylvania is an important step in strengthening Strata’s regional clinical platform,” said Louis Verdetto, CEO of Strata’s Clinical Services Division. “These programs align well with our existing operations and allow us to further leverage our team of highly trained perfusionists to support cardiac surgery programs while continuing to expand advanced services such as ECMO support and organ recovery.”

“This transaction represents an exciting opportunity for our team and the programs we support,” said Richard Marcotte, Founder of Ohio Valley Perfusion Associates. “Through our partnership with Strata, we will gain access to additional clinical resources, technology, and infrastructure that will enable us to expand our services and better support our hospital partners across the region.”

“This bolt on acquisition is a perfect fit with our existing clinical operations and M&A strategy while coming at an attractive mid-single digit multiple of EBITDA, consistent with our target valuation framework,” said Mat Schneider, CFO of Strata’s Clinical Services Division. “The cardiac perfusion business has several highly attractive attributes including recurring revenue, multi-year contracts, high customer retention and the industry remains fragmented. In addition to our focus on growing our transplant related businesses, we view cardiac perfusion as an attractive platform to grow both organically and through acquisitions over the coming years.”

Ohio Valley Perfusion Associates serves customers in Ohio and Pennsylvania providing perfusion and related services including ECMO and autotransfusion with a team of eight highly trained and certified clinicians. The purchase price is approximately $1 million.

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Spectrum Aeromed welcomes Grant Ramage as Project Manager. In this role, he will oversee all phases of project execution, including coordination across engineering, production, and support functions while ensuring compliance with FAA and EASA requirements. Grant brings a strong aviation and engineering background, most recently serving in a leadership role at Northrop Grumman, where he led mission analysis teams and worked closely with customers to support operational requirements and timelines. His experience in technical leadership, cross-functional coordination, and customer engagement will play a key role in advancing Spectrum Aeromed’s project execution capabilities.

The company also welcomes Paul Sayler as an Engineer, following just over one year supporting Spectrum Aeromed as a contract engineer. In his new role, Paul will continue contributing to design, analysis, and product development efforts across a variety of aircraft platforms. He brings hands-on experience in product design, engineering analysis, and aircraft-related installations, and his familiarity with Spectrum Aeromed’s processes allows for a seamless transition into a full-time position.

Shannon Schell, President of Spectrum Aeromed, commented: “As we continue to see increased demand for our air medical solutions, strengthening both our engineering and project management capabilities is critical to supporting our customers and delivering projects efficiently. Grant and Paul both bring strong technical backgrounds and a collaborative mindset that aligns well with our team.”

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Conducted on Friday, May 1, at one of Manhattan’s most active heliports, the live demonstration showcased how next-generation electric aircraft can operate safely and seamlessly within existing urban aviation infrastructure. It offered an up-close look at a quieter, more sustainable mobility alternative and a real-world glimpse of how future air taxi services could serve one of the world’s most congested cities.

“For decades, the East 34th Street Heliport has served as a critical transportation link for New York City,” said Kevin Cox, CEO of VertiPorts by Atlantic. “But today represents something more: transformation. Advanced Air Mobility is no longer theoretical, and today it landed in Midtown Manhattan. Thank you to our partners at Joby, the Port Authority of New York and New Jersey and the New York City Economic Development Corporation for making this milestone possible.”

The flight demonstrated how existing aviation infrastructure can support eVTOL operations for takeoff, landing, ground handling, passenger service and recharging.

“Our focus is simple: to develop and operate the infrastructure that will enable this next era of air mobility,” Cox said. “As we build on the strength of Atlantic Aviation’s nearly century-long aviation legacy and expansive network, we are applying it to something entirely new: developing vertiports that are safe, scalable, and community-focused. Simply put, VertiPorts by Atlantic is where innovation lands.”

Joby’s New York City demonstrations this week follow New York’s selection in March as one of the approved projects under the federal eVTOL Integration Pilot Program (eIPP), established by executive order, which aims to accelerate commercial rollout of advanced air mobility across the U.S.

“New York has always been a city that defines the future by demanding better,” said JoeBen Bevirt, founder and CEO of Joby. “We first flew here in 2023, and now we’re showing what the next chapter looks like: a quiet, zero operating emissions air taxi service designed to better serve New Yorkers. This week, flying between JFK and Manhattan, we showed what the White House-backed eIPP initiative makes possible and offered New York a look at what’s coming.“

The milestone underscores the key role that public-private partnerships play in achieving the expected benefits of advanced air mobility, including reduced travel times, better connectivity and convenience, and broader access. The companies collaborated with the Port Authority of New York and New Jersey and New York City Economic Development Corporation to host today’s event.

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The addition of a fuel pump system to Recoil’s existing Expeditionary Fuel Tank (EFT) further expands its mission support capabilities for operators, providing increased, immediate access to fuel when needed most. Geared toward the ever-growing need for Forward Arming and Refueling Points (FARP) in remote locales, the EFS is both durable and lightweight – key aspects when operating in austere and/or unexpected locations. Recoil’s continued commitment to delivering dependable and mission-ready support to military and commercial customers worldwide is even more evident with this new system.

“Recoil is committed to supporting United States Army Aviation and its ground forces in the ever-expanding dynamic of the modern battlespace. Introducing the Expeditionary Fuel System provides the soldier with a modular, durable, and lightweight solution to agile FARP operations. The EFS provides a 1,000-gallon carbon fiber tank, 150 gallon per minute pump, filtration, 50-foot hose reel in a sling loadable, air droppable package, which is scalable with added 1,000-gallon Expeditionary Fuel Tanks. This is the capability gap closer we believe Army Aviation has been looking for,” said Joseph Rice, President of Recoil Aerospace.

The addition of the EFS reflects Recoil’s continued investment in updating and expanding its product line to support growing global demand.

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