Horizon Aircraft

Developing the Cavorite X7, a seven-seat hybrid-electric VTOL aircraft using patented fan-in-wing technology to take off vertically then fly as a conventional fixed-wing aircraft. Has flown a 50%-scale prototype.

• Filed its FY2026 annual report in July 2026, reporting 58 employees and 66,825,837 Class A ordinary shares outstanding. sec.gov ↗

• Completed flight testing of a 50%-scale Cavorite X7 prototype through hover and transition to forward flight, and is assembling a full-scale demonstrator. sec.gov ↗

• Selected BETA Technologies in July 2026 to supply flight control computers and software for the Cavorite X7. aerospaceglobalnews.com ↗

• Marshall Aerospace delivered a six degrees-of-freedom flight dynamics model for the Cavorite X7 in June 2026. evtolinsights.com ↗

• Pre-revenue per its FY2025 10-K: "We have not yet started commercial operations", with first Cavorite X7 delivery not anticipated "until 2029 at the earliest". sec.gov ↗

• A half-scale Cavorite X7 prototype completed hover, wind tunnel and forward-transition flight testing in 2025; the full-scale demonstrator is still being built. sec.gov ↗

1. Initiative for Sustainable Aviation Technology - amount booked as receivable against a $10.5M project at up to 40% reimbursement. The programme's $350M is a fund-wide figure, not a company award

   C$308.0K2025sec.gov ↗

2. Canadian Council for Aviation & Aerospace - reimbursement of aerospace engineering co-op student compensation

   C$35.0K2026sec.gov ↗

3. Green Fund via Downsview Aerospace Innovation and Research - engineering of an eVTOL wing

   C$75.0K2024sec.gov ↗

1. Jul 9, 2026Product

   Horizon Aircraft picks BETA flight control system for Cavorite X7 hybrid VTOL

   Horizon Aircraft selected BETA Technologies to supply the flight control computers and software for its Cavorite X7 hybrid-electric VTOL aircraft, supporting development, testing and certification of the programme.

   aerospaceglobalnews.com ↗
2. Jun 12, 2026Partnership

   Horizon Aircraft advances Cavorite X7 flight model through partnership with Marshall Aerospace

   Horizon Aircraft and Marshall Aerospace completed a flight dynamics and control model to support development and certification of Horizon’s hybrid-electric VTOL aircraft, working with Marshall’s Aero Engineering Services.

   evtolinsights.com ↗
3. Apr 13, 2026Partnership

   Horizon Aircraft partners with MHIRJ to develop Cavorite X7 VTOL aircraft

   Horizon Aircraft partnered with MHI RJ Aviation Group to further develop the Cavorite X7. MHIRJ engineering services will design and optimize flight test instrumentation, with the flight test programme anticipated to start in early 2027.

   aviationpros.com ↗
4. Feb 6, 2026Product

   Horizon refines Cavorite X7 prototype configuration

   Aviation Week reported from the Singapore Airshow that Horizon Aircraft is simplifying the configuration of its full-scale fan-in-wing Cavorite X7 hybrid-electric VTOL prototype, assembly of which is underway, compared with the 22-ft-wingspan subscale demonstrator that used 14 lifter units.

   aviationweek.com ↗
5. Jan 23, 2026Product

   Horizon Aircraft unveils key advances for its full-scale Cavorite X7 hybrid-electric VTOL aircraft

   Horizon Aircraft shared technical updates on the full-scale Cavorite X7, following the May 2025 transition flight of its large-scale prototype that validated its patented fan-in-wing technology. The refined design was developed with mobility designer Andrea Mocellin.

   evtolinsights.com ↗