Vertical Aerospace (EVTL) said Wednesday it completed its first piloted thrustborne flight maneuvers, advancing its VX4 aircraft from hover to low-speed flight.
The milestone follows approval from the UK Civil Aviation Authority to expand its Permit to Fly.
The test is crucial for assessing the aircraft's stability, battery efficiency and performance, the company said.
The company said it will work with the UK Civil Aviation Authority to expand its Permit to Fly, clearing the path for phase 3, wingborne flight tests, necessary for the VX4's full certification.
Shares of the company rose more than 11% in premarket activity.
Price: 11.50, Change: +1.15, Percent Change: +11.11
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