Horizon Aircraft to purchase 50 Cavorite X7 aircraft with option for 50 more

Hybrid-electric eVTOL (electric vertical takeoff and landing) aircraft developer Horizon Aircraft has signed an agreement with JetSetGo, enabling the Indian regional air operator to purchase up 50 Cavorite X7 aircraft. The Letter of Intent also includes an option for a further 50. With a purchase price of up to $5 million per aircraft, both deals could be worth in the region of $500 million. Primarily focusing on private jet charter services, JetSetGo currently operates five mid-size Hawker business jets and six other aircraft ranging from large cabin jets to helicopters. “This partnership will help JetSetGo profitably enter new markets by