New Horizon Aircraft, doing business as Horizon Aircraft, an aerospace engineering company and developer of the world’s first hybrid eVTOL capable of performing most of its mission exactly like a normal turboprop-powered aircraft, has received the Industry Excellence Award.
This Award is for Innovation and Technology in Small Business at this year’s Aerospace Industry Awards, hosted by the Aerospace Industry Association of Canada. The prestigious award celebrates Horizon Aircraft’s outstanding contribution to the Canadian aerospace industry, particularly for technological advances and innovation in eVTOL.
AIAC’s annual awards recognize individuals and organizations that drive Canada’s aerospace industry forward through revolutionary ideas, technological advances, and an unwavering dedication to excellence. Horizon Aircraft joins a select group of awardees celebrated for their outstanding achievements this year.
Horizon Aircraft’s unique Cavorite X7 aircraft will have a gross weight of an estimated 5,500 lbs with a projected useful load of 1,500 lbs. With an estimated maximum speed of 250 miles per hour and an average range of over 500 miles with fuel reserves, Horizon believes that this experimental aircraft, if eventually licensed for commercial use, would be well-positioned to excel in medical evacuation, critical supply delivery, disaster relief, and special military missions. The Company believes that the proposed aircraft would also be attractive for Regional Air Mobility – moving people and cargo 50 to 500 miles.
