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Advanced air mobility – Snapshot April 2025


The Cirium Ascend Consultancy team has seen continuing dynamic developments in the advanced air mobility sector since the beginning of the year.

Cirium Appraiser of the Year

Read all of the latest updates from Ascend Consultancy experts who deliver powerful analysis, commentaries and projections to airlines, aircraft build and maintenance companies, financial institutions, insurers and non-banking financiers. 

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YIRU ZHANG

Team Perspective

Yiru Zhang
Senior Valuations Analyst
Cirium Ascend Consultancy

The Cirium Ascend Consultancy team has seen continuing dynamic developments in the advanced air mobility sector since the beginning of the year. To date, the Cirium team has registered over 11,000 order commitments for 27 different eVTOL OEMs, reflecting a continued market interest despite the hurdles.

Data coverage includes:

MARKET GROUPINGMANUFACTURERTYPECOMMENT
Regional Electric – SmallAura AeroERAProgram temporarily paused
Regional Electric – SmallHeart AerospaceES-30
Regional Electric – SmallLYTE AviationLA-44 Skybus
Regional Electric – SmallMaeve AerospaceMaeve 01 
Regional Electric – SmallJektaPHA-ZE 100
eVTOL – Urban Air MobilityAerofugiaAE200
eVTOL – Urban Air MobilityARC Aero SystemsLinx P9 
eVTOL – Urban Air MobilityDufour AerospaceAero3
eVTOL – Urban Air MobilityBETA TechnologiesALIA-250
eVTOL – Urban Air MobilityManta AircraftANN2
eVTOL – Urban Air MobilityAscendance Flight TechnologiesAtea
eVTOL – Urban Air MobilityOverair IncButterfly
eVTOL – Urban Air MobilityHorizon AircraftCavorite X7
eVTOL – Urban Air MobilityPlanaCopterPlane CP-01
eVTOL – Urban Air MobilityWisk Aero LLCCora
eVTOL – Urban Air MobilityTCab TechE20 eVTOL
eVTOL – Urban Air MobilityThe ePlane Companye200XNewly added
eVTOL – Urban Air MobilityEhangEH216
eVTOL – Urban Air MobilityEve Air MobilityEve
eVTOL – Urban Air MobilityCrisalion MobilityIntegrity
eVTOL – Urban Air MobilityJaunt Air MobilityJourney
eVTOL – Urban Air MobilityLilium GmbHLilium JetFiled for bankruptcy as of Feb 2025
eVTOL – Urban Air MobilityArcher AviationMidnight
eVTOL – Urban Air MobilityOdys AviationOdys eVTOL
eVTOL – Urban Air MobilityAutoFlightProsperity 1
eVTOL – Urban Air MobilityJoby AviationS4
eVTOL – Urban Air MobilitySkyDriveSD-05
eVTOL – Urban Air MobilitySirius AviationSirius Jet
eVTOL – Urban Air MobilityXTI Aircraft CompanyTriFan 600
eVTOL – Urban Air MobilityAMSL AeroVertiia
eVTOL – Urban Air MobilityVolocopter GmbHVoloCityIn Insolvency proceeding as of Dec 2024
eVTOL – Urban Air MobilityVolocopter GmbHVoloConnectIn Insolvency proceeding as of Dec 2024
eVTOL – Urban Air MobilityEhangVT-30
eVTOL – Urban Air MobilityVertical Aerospace Group LtdVX4
eVTOL – UAV/UASBETA TechnologiesALIA-250c
Business Electric – Single EngineVoltAeroCassio 330
Business Electric – Single EngineBETA TechnologiesCX300
Business Electric – Multi EngineEviationAlice
Business Electric – Multi EngineBeyond AeroBYA-1Newly added
Business Electric – Multi EngineBye AerospaceeFlyer 800
Business Electric – Multi EngineElectraElectra eSTOL
Business Electric – Multi EngineElectronElectron 5
Business Electric – Multi EngineElflyNoemiNewly added
Business Electric – Multi EngineAirflowM200
Business Electric – Multi EngineMD AircraftMDA1 

The eVTOL-Urban Air Mobility sector remains the most active segment of the market. The space now has a total of just under 11,000 order commitments and about 40 in-service EH216s captured by Cirium Fleets Analyzer. The drop in total order commitments was largely caused by the cancellation of over 800 Lilium Jet and 140 VX4 order commitments. Eve Air Mobility and Vertical Aerospace continue to lead the sector with 2,950 and 1,400 commitments respectively.

Source: Cirium fleets data

The global market for eVTOLs shows a varied regional distribution. Since surpassing North America as the region with the most orders at the end of 2024, APAC remains its leading position, with a total of 3,777 order commitments, representing a 34% share.

Source: Cirium fleets data

Source: Cirium fleets data

Latest Developments in Urban Air Mobility

  • Lilium filed for insolvency for the second time: ​In February 2025, German electric air taxi developer Lilium filed for insolvency for the second time, following a series of financial setbacks. The company’s German subsidiaries had in October 2024 entered insolvency after failing to obtain essential funding, including a €50 million loan guarantee from the Bavarian government.

In January 2025, Lilium announced a new investor in Mobile Uplift – a consortium of investors from Europe and North America – which intended to acquire the operating assets of the subsidiaries Lilium GmbH and Lilium eAircraft GmbH. However, the acquisition failed and in February 2025, Lilium again filed for insolvency.

Lilium GmbH was founded in 2015. The aircraft, the Lilium Jet, was powered by 36 electrical motors and was intended to accommodate six passengers and one pilot. The Lilium Jet’s entry into service was scheduled for 2026. Media reports indicate that the shutdown of operations affected around 750 employees.

  • Blade’s commuter helicopter service: In January 2025, Blade introduced a new commuter service offering $95 helicopter rides from Long Island and New Jersey to Manhattan’s West Side. This reflects the growing demand for urban air transport in major metropolitan areas such as New York City. Blade currently holds 50 order commitments for Beta Technologies’ ALIA-250 and Wisk Aero’s Cora. Additionally, Blade serves as a key target operator for numerous eVTOL OEMs and has established partnerships with several of them. The expansion of Blade’s routes could also provide benefits for the future adoption and operation of eVTOL aircraft.

Multi-engine Business Electric

  • Electra’s EL-2 Goldfinch hybrid-electric short takeoff and landing (eSTOL)continues to lead in this sector, with total order commitments of 1,348.
  • Aura Aero recentlypushed back its targeted entry into service for its ERA design from 2028 to “before 2030”. The ERA design is a hybrid using kerosene, rather than a fully electric aircraft.
  • Heart Aerospace successfully conducted initial ground tests of its ES-30 demonstrator in 2024’s third quarter. A maiden flight is scheduled for later this year. The ES-30 order backlog now stands at 532, reflecting continued interest in regional hybrid-electric aircraft solutions.
  • In February, Eviation Aircraft paused work on its nine-passenger Alice design as it sought new investment. The company has reportedly laid off 30 employees. Eviation chief executive Andre Stein told Geekwire that the temporary pause was necessary to focus on “identifying the right long-term partnerships to help us make electric commercial regional flight a reality”, adding: “We at Eviation are proud of what we have accomplished in advancing electric flight. This decision was not made lightly.”

Source: Cirium fleets data

Financial and regulatory challenges persist in the AAM sector, but the industry’s commitment to achieving commercial success remains strong. The next few years will be pivotal in identifying which OEMs can effectively overcome these obstacles and establish themselves as leaders in this rapidly evolving market.

The Cirium Ascend Consultancy AAM team will continue to provide valuable insight into the market. We would be pleased to hear any thoughts, comments or feedback you may have, so do not hesitate to contact us.

Sara Dhariwal
Lead Appraiser – Helicopters & AAM

Yiru Zhang
Senior Valuations Analyst

YIRU ZHANG

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