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Horizon Aircraft, Inc.
Aircraft

Horizon Cavorite X7

BAN's World Gazetteer

Canada
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Customers back take off in Canada's air taxi market
New research shows growing support for the development of air taxi services in Canada, to help the country seize opportunities to create jobs and boost revenue, while also helping the environment.
The Cavorite X5 will fly most of its missions like a traditional aircraft, which should make it easier to certify than other radical designs.
Read this story in our July 2023 printed issue.

A nationwide study by Horizon Aircraft, a Canada-based eVTOL aircraft developer, found that 73 per cent of Canadians support the development of the air taxi and eVTOL industry.

Nearly four out of five (78 per cent) would be happy to fly in them once they are commercially operational, just seven per cent say they would never use an eVTOL, while 15 per cent are currently undecided. A major reason driving support for the industry is the potential to create jobs and boost the Canadian economy while also helping cut greenhouse gas emissions by reducing traffic congestion.

Separate industry data shows the global air taxi and urban air mobility industry is forecast to see revenues grow from $2.3 billion in 2021 to as much as $30.7 billion by 2031, with more than 430,000 air taxis operating worldwide.

Horizon's research found that 75 per cent of Canadians believe the jobs boost for Canada should increase government support for the sector, while 68 per cent want the government to target becoming a world leader in eVTOL development.

Nearly seven out of 10 (69 per cent) Canadians believe the country's geography and landmass give it major advantages over other countries and present a compelling case for developing a strong eVTOL market. Around 74 per cent believe using eVTOLs will benefit urban areas by cutting traffic congestion and its impact on the environment.

Horizon CEO Brandon Robinson says: “The eVTOL market is expanding rapidly and will soon be a major global industry, in which Canada can become a world leader. We already have strong support from regulators and the government, and public support is increasing as people see the opportunities to create jobs and generate revenue to support the economy while also benefiting the environment.”

Horizon's own eVTOL aircraft could enter service as early as 2026. The Cavorite X5 is built for longer-range regional passenger or cargo as well as special missions. It will have a maximum passenger capacity of four plus a pilot, a payload of 500 kg (1,100 lb) and an average range of 800 km (500 miles) with full fuel reserves. It will be powered by a hybrid electric system that can recharge the battery array in-flight.

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