Horizon Aircraft “Secures CAD6.7 million Investment from Canso Counsel”

Hori­zon Air­craft, devel­op­er of the split-wing Cavorite X7 Hybrid eVTOL Air­craft, has announced a CAD6.7 mil­lion (Cana­di­an dol­lars) from Can­so Invest­ment Coun­sel, reports a press release.

Bran­don Robin­son, co-Founder and CEO of Hori­zon Air­craft, com­ment­ed, “Since its incep­tion Can­so has a strong his­to­ry of sup­port­ing the growth of numer­ous busi­ness­es across Cana­da. The com­pa­ny is an expe­ri­enced investor in avi­a­tion and space tech­nol­o­gy and a cham­pi­on of Cana­di­an aero­space com­pa­nies. This invest­ment is a land­mark moment for our organ­i­sa­tion and will play a major part in Hori­zon Aircraft’s vision of build­ing a bet­ter future and pro­vid­ing long-term val­ue for our share­hold­ers.”

Nic Des­jardins, Port­fo­lio Man­ag­er at Can­so Invest­ment Coun­sel, remarked, “Hori­zon Aircraft’s man­age­ment team give us the con­fi­dence to be able to sup­port an inno­v­a­tive Cana­di­an aero­space com­pa­ny that is mak­ing con­sid­er­able progress with their project. We made this invest­ment because we believe in their lead­er­ship, the val­ue propo­si­tion of their unique tech­nol­o­gy and approach to devel­op­ing it.” Adding, “We hope that the Cavorite pro­gram will have a resound­ing, pos­i­tive impact on Canada’s com­mu­ni­ties and our cit­i­zens.”

Nic Des­jardins

Robin­son and sev­er­al of Canso’s senior staff hail from the Cana­di­an mil­i­tary and hold avi­a­tion back­grounds. Hori­zon believes that the invest­ment will strength­en the air­craft company’s posi­tion as a leader in the eVTOL mar­ket and accel­er­ate its devel­op­men­tal time­line.

For more infor­ma­tion

www.horizonaircraft.com

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