Horizon Aircraft secures LOI with V-Star Powered Lift Aviation for the purchase of up to 100 hybrid eVTOLs for $600 million

Horizon Aircraft has signed a Letter of Intent with V-Star Powered Lift Aviation, an Australian-based aircraft operator specializing in advanced power-lift aircraft, to purchase 5 Cavorite X7 hybrid-electric VTOL aircraft with options to purchase up to an additional 95 aircraft. V-Star intends to secure the delivery slots for these 5 aircraft with a firm deposit upon execution of the definitive agreement. 

V-Star provides innovative, cost-effective aviation solutions with particular expertise in critical emergency services. The addition of Cavorite X7s into V-Star’s fleet will significantly reduce medevac response times and patient transfers, and search and rescue missions can be executed faster and more cost-efficiently.

V-Star CEO Tony Laws commented: “Flying at nearly twice the speed of helicopters, the addition of Cavorite X7s to our fleet will be a critical advantage to help people in need when minutes matter. V-Star is committed to delivering leading powered-lift technologies across Australia to improve outcomes on critical missions, and this LOI with Horizon Aircraft brings us one step closer to a new standard for emergency services operations and cost-effective transport solutions in regional Australia.”

Horizon Aircraft Co-Founder and CEO Brandon Robinson stated:“V-Star’s intentions of moving to a firm order to deploy Cavorite X7s for time-critical missions makes this LOI significant. As more operators learn how the X7 is a compelling operational and economic alternative to helicopters, we believe a significant transformation will occur across emergency air services worldwide.” 

V-Star Powered Lift Aviation is an Adelaide-based aircraft operator dedicated to bringing powered-lift aviation to Australia and the wider Oceania and Southeast Asia region. Formed through the merger of two established South Australian aviation businesses, V-Star provides safe, cost-effective, and operationally efficient aviation solutions, with expertise in emergency services, search and rescue, aeromedical, and regional transport. The Company offers a holistic service model spanning flight operations, training, infrastructure, logistics, and engineering support, and is working to establish next-generation powered-lift aircraft as a faster, more affordable alternative to traditional rotary-wing operations across the region.