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UK electric air taxi maker Vertical Aerospace to float in New York via SPAC merger

Virgin Atlantic and American Airlines plan to fly the company's emissions free aircraft from 2024

Astro Aerospace Ltd. Acquires Horizon Aircraft Inc. and Appoints Horizon CEO and Co-Founder Brandon Robinson as President - sUAS News

Astro Aerospace Ltd. Acquires Horizon Aircraft Inc. and Appoints Horizon CEO and Co-Founder Brandon Robinson as President

Astro expands its offerings in the fast-growing eVTOL Market expected to hit $1 Trillion by 2040(1) Dallas, Texas--(Newsfile Corp. - June 2, 2021) - Astro Aerospace Ltd. (OTCQB: ASDN) ("Astro" or the

Astro Aerospace Ltd completes acquistion of eVTOL rival Horizon Aircraft

Astro Aerospace completes acquistion of air taxi peer Horizon Aircraft Close to two-thirds of adults in a survey said they will fly in eVTOL air taxis once they are approved by regulators The Cavorite and its split wings Astro Aerospace Ltd (OTCQB:ASDN) has completed the acquisition of Horizon Aircraft, developer of an advanced electric vertical-take-off-and-landing vehicle. The company announced that Patricia Trompeter, currently a member of Astro’s board, will be chief executive officer of the enlarged group, with Astro CEO Bruce Bent becoming executive chairman. Trompeter, the company noted, brings more than 16 years of experience in mergers and acquisitions and 15 years in financial management experience, including a variety of executive positions at GE Capital, where she participated in over US$17bn in acquisitions and transactions.

Majority of global eVTOL professionals indicate commercial UAM routes will be operational by 2025

Research commissioned by Horizon Aircraft suggests near-future UAM market advancements and the development of new jobs, with Canada, China and the U.S. predicted to have the most advanced eVTOL markets.

Astro Aerospace announces definitive agreement to acquire Horizon Aircraft

Horizon Aircraft’s long-range Cavorite X5 hybrid eVTOL. Photo Credit: Astro Aerospace, Horizon Aircraft On April 30 Astro Aerospace Ltd. (Dallas, Tex., U.S.) a developer of electric vertical take-off and landing (eVTOL) aerial vehicles and drones, and Horizon Aircraft Inc. (Lindsay, Ontario, Canada), a developer of advanced eVTOLs, have entered into an agreement under which Astro will acquire privately held Horizon for five million common shares of Astro stock, the material terms of which are disclosed in the company’s related 8-K filing. The transaction, unanimously approved by the respective Boards of Directors, will reportedly broaden Astro’s capabilities, and enable the company to become a leading eVTOL platform while continuing to invest and innovate. Astro’s acquisition of Horizon is expected to close by May 10, subject to customary closing conditions. Upon closing the transaction, the CEO and Co-Founder of Horizon, Brandon Robinson, will be appointed as President of Astro and will sit on the Board of Directors. Jason O’Neill, Horizon’s chief operating officer, will be appointed executive vice president of Astro.

Astro Aerospace to Acquire Horizon Aircraft

Astro Aerospace to Acquire Horizon Aircraft 03 May 2021 Astro Aerospace Ltd., a developer of eVTOL aerial vehicles and drones, and Horizon Aircraft Inc., a developer of advanced eVTOLs, have entered into an agreement under which Astro will acquire privately-held Horizon. The acquisition will be realized for five million common shares of Astro stock, the material terms of which are disclosed in the Company's related 8-K filing. The transaction was unanimously approved by the respective Boards of Directors. The acquisition will broaden Astro's capabilities, and become a leading eVTOL platform while continuing to invest and innovate. The Company's acquisition of Horizon is expected to close in approximately ten days, subject to customary closing conditions. Upon closing the transaction, the CEO and Co-Founder of Horizon, Brandon Robinson, will be appointed as President of Astro and will sit on the Board of Directors. Jason O'Neill, Horizon's Chief Operating Officer, will be appointed Executive Vice President of Astro.

Astro Aerospace Ltd.: Astro Aerospace Sponsors Leading SPAC, Parsec Capital Acquisitions Corp.

Astro Aerospace Ltd.: Astro Aerospace Sponsors Leading SPAC, Parsec Capital Acquisitions Corp. Dallas, Texas--(Newsfile Corp. - April 21, 2021) - Astro Aerospace (OTCQB: ASDN) (" Company" or " Astro"), a global leader in electric vertical take-off and landing (eVTOL) aerial vehicles and drones, announced today its sponsorship of Parsec Capital Acquisitions Corp. (" Parsec"), an emerging SPAC investing in businesses within the space economy, technology and transport industries. Last month, Parsec CEO and Board member Patricia Trompeter was appointed to Astro's Board of Directors. The Parsec sponsorship is a huge development in driving Astro's mission to introduce greater environmentally and economically sustainable solutions to the aerial vehicle industry.

Astro Aerospace Ltd.: Astro Aerospace Appoints Former GE Capital IT Solutions North America CFO, Patricia Trompeter to Board of Directors

(2) Dallas, Texas--(Newsfile Corp. - March 10, 2021) - Astro Aerospace (OTCQB: ASDN) ("Company" or "Astro"), a global leader in electric vertical take-off and landing (eVTOL) aerial vehicles and drones, announced today that it has appointed Patricia Trompeter, M&A and financial expert, to its Board of Directors. Ms. Trompeter will serve on the Audit Committees. This board appointment brings Astro's total board membership to 2 Board Members. Ms. Trompeter brings more than 16 years of experience in mergers and acquisitions and over 15 years in financial management to Astro's Board. Ms. Trompeter held a variety of executive positions at GE Capital including CFO, Controller, Operations Leader, Quality Leader, and Mergers & Acquisitions. She was integral in GE Capital's successful acquisition of Guinness Peat Aviation, which contributes to the more than $17 Billion of acquisitions she has completed. Ms. Trompeter's experience at GE gave her a breadth of knowledge in the Aviation Industry from aircraft engines to spending a significant amount of time in GE Capital Aviation Services (GECAS).

Astro Aerospace Ltd.: Astro Aerospace Announces the Acquisition of Horizon Aircraft to Propel Itself as a Leader in the eVTOL market