Horizon Aircraft has successfully completed the construction of a half scale prototype VTOL aircraft and has entered into a binding agreement with Astro Aerospace for reprivatisation.

Patricia Trompeter, currently a member of Astro's board of directors, has agreed to take on the role of CEO of the strengthened company. Horizon co-founder and CEO Brandon Robinson has been appointed president.

The full-scale Cavorite X5, which is expected to travel up to an estimated 450 km/h with a 500 km range, is designed for reduced hydrocarbon emissions. A 1:6 scale model already flies, with a 1:2 version in the works.