Vertical Aerospace Receives Crucial CAA Permit to Fly, Entering Final Flight-Test Phase to Validate VX4’s Hover-to-Wingborne Transition Capability

Vertical Aerospace Ltd. (NYSE:EVTL) is one of the best NYSE penny stocks to invest in right now. On November 13, Vertical Aerospace announced that it received the crucial Permit to Fly approval from the UK Civil Aviation Authority/CAA. This regulatory milestone allows the company to begin ‘Phase 4 – Transition’ flight testing, the final stage of its VX4 prototype flight-test programme.

This phase focuses on testing the prototype’s defining maneuver: seamlessly shifting between hover (helicopter mode) and wingborne flight (airplane mode). The ‘Phase 4 – Transition’ testing follows the successful completion of Phases 1-3 earlier in the year, which confirmed the VX4’s flying qualities and included flying in open airspace for the first time.

To prepare for the piloted transition flight, the company’s teams completed extensive simulation, ground, and flight testing, verifying all 200 Minimum Safe Aircraft requirements in collaboration with the UK CAA. In support of the Permit to Fly, Vertical updated and submitted more than 20,000 pages of safety and technical information to the CAA.

Vertical Aerospace Ltd. (NYSE:EVTL) is an aerospace and technology company that designs, manufactures, and sells zero operating emission electric vertical takeoff and landing/eVTOL aircraft for use in the advanced air mobility market in the UK.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.