Horizon Aircraft signs LOI with V-Star for up to 100 Cavorite X7 hybrid eVTOLs valued at $600 million
HOVR•LOI covers initial 5-aircraft sale with options for 95 more
New Horizon Aircraft signed an LOI with Australia-based V-Star to sell 5 Cavorite X7 hybrid-electric VTOL aircraft.
The deal includes options for up to 95 additional aircraft, implying up to 100 units valued at USD 600 million.
V-Star plans a firm deposit to secure delivery slots once a definitive agreement is signed.
