Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) (“Volatus” or “the Firm”) is happy to announce that the Firm has been issued a Canadian Transportation Company (CTA) License for home service, all-cargo plane. This license builds on the prevailing capabilities licensed by CTA licenses held by Volatus subsidiaries Companion Jet Inc. (Volatus Aviation) and Synergy Aviation.
The addition of this license permits the Firm to construct its drone cargo functionality underneath the Volatus model in preparation for the anticipated Transport Canada/FAA regulatory adjustments.
“Positioning Volatus with this license is a vital step towards our long-term imaginative and prescient of drone cargo operations, after we are scheduled to take supply of the primary 3.8 tonne Natilus Kona uncrewed regional feeder plane (introduced in a press launch on January 25, 2022),” says Glen Lynch, CEO of Volatus Aerospace Corp. “It’s nonetheless early days for giant, business drone cargo and our major revenues for the subsequent few years will proceed to return from knowledge, analytics, intelligence and gear gross sales.”
“In the present day, our cargo enterprise is restricted to smaller drones, that are sensible for inter-island, distant areas, industrial websites, medical and offshore functions. These present use instances proceed to construct our expertise and popularity as an operator of cargo drones,” added Michael Hill, Regional Director for Volatus.
