Horizon Aircraft

New Horizon Aircraft Ltd. is a publicly traded company headquartered in Lindsay, Ontario, which is developing a hybrid eVTOL aircraft for regional air mobility.

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]

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] A few months later in 2024, Horizon merged with the 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 the Indian private jet operator JetSetGo.^[5] As of October 2025, Horizon Aircraft has approximately 22 employees.^[6]

• Archer Aviation
• EHang
• Joby Aviation
• Lilium
• Vertical Aerospace

• Official website
• Business data for Horizon Aircraft:
  • Google
  • Reuters
  • SEC filings
  • Yahoo!