Horizon Aircraft
Canadian aerospace company
From Wikipedia, the free encyclopedia
New Horizon Aircraft Ltd. is a publicly traded company headquartered in Lindsay, Ontario, which is developing a hybrid eVTOL aircraft for regional air mobility.
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| Horizon Aircraft | |
| Company type | Public |
| ISIN | CA64550A1075 |
| Industry | Aviation, Advanced Air Mobility |
| Founded | 2013 |
| Founders |
|
| Headquarters | Lindsay, Ontario, Canada |
Area served | Worldwide |
Key people | Brandon Robinson (CEO), Brian Robinson (CTO), Jason O'Neill (COO), Brian Merker (CFO) |
| Products | Electric Vertical Takeoff and Landing aircraft |
 $5.2 million (2025) | |
| Total assets | $8.4 million (2025) |
| Total equity | $2.6 million (2025) |
Number of employees | 22 (2025) |
| Website | horizonaircraft |
It is designing the Horizon Cavorite X7 as a hybrid-electric 6-passenger aircraft that has electric fans for vertical takeoff and landing and a turboprop engine for forward flight. Horizon Aircraft expects that its hybrid architecture will result in greater range compared to electric-only VTOL aircraft, while having 20–30% lower operating costs and twice the speed of a traditional helicopter.[1] Development of a full-scale prototype is ongoing with the intent of having the Cavorite X7 certified and flying before 2030.[2]
History
Horizon Aircraft was founded in 2013 by Brian and Brandon Robinson to develop an amphibious aircraft.[3] After investigating available technologies, the company pivoted to developing an electric VTOL aircraft augmented by conventional propulsion.
In June 2021, Horizon was acquired by Astro Aerospace Ltd. in an all-stock deal. In August 2022, Astro and Horizon agreed to unwind the deal and Horizon was sold back to its original shareholders.[3]
In September 2023, Horizon announced that their planned full-scale aircraft would be scaled up from the 5-seater Horizon Cavorite X5 to a 7-seater called the Horizon Cavorite X7 after positive results from flight tests.[4]
In 2024, Horizon merged with special-purpose acquisition company Pono Capital Three to go public on the Nasdaq stock exchange, and signed a letter of intent to sell 50 Cavorite X7 aircraft to Indian private jet operator JetSetGo.[5]
As of October 2025[update], Horizon Aircraft had approximately 22 employees.[6]
Design
The Cavorite series uses a split-wing design. The Cavorite 7 uses 5 battery-powered vertical lift fans in each of two wings along with 2 fans in the nose canards. At altitude, a gas-powered propeller powers forward flight. The 6-passenger (plus one pilot) is planned to achieve 280 miles per hour (450 km/h) could offer a 500 mile range by 2030.[7]