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Jason Pritchard, executive editor of eVTOL Insights, says it is also likely to appeal to flying clubs in order to train new members:

"The eVTOL aircraft industry is still in its infancy with initial operations a few years away, but it also needs to train large numbers of pilots in the coming years," he says.

There are no eVTOL aircraft currently permitted to fly in the UK.

Mr Mudrick said: "This agreement underscores our appreciation of Vertical Aerospace’s position in the eVTOL sector and a team that has demonstrated its ability to deliver groundbreaking solutions for the future of sustainable aviation."

Vertical is one many companies around the world trying to develop an all-electric vertical take-off aircraft, or eVTOL.