New forecast follows relocation of operations from Sweden to California and shipment of HX-1 to the US

Move marks a new phase for the company’s X1 and X2 prototypes; Swedish operations to be closed

The prototype of the Swedish aircraft was unveiled at the company’s Gothenburg facility and is expected to make its maiden flight in the second quarter of 2025

Swedish startup has given up the ES-19 in favor of the larger ES-30, but which uses hybrid-electric propulsion. Saab and Air Canada have become partners in the program

Airlines and the Breakthrough Energy Ventures fund announced investment in Heart Aerospace, a company that develops aircraft capable of carrying up to 19 passengers and is expected to enter service in 2026