A response from Canadian based eVTOL company Horizon Aircraft to the statement today
on sustainable aviation from The Honourable François-Philippe Champagne, Canada’s
Minister of Innovation, Science and Industry, at the Paris Air Show

• An investment of $350 million to support Canada’s new Initiative for
Sustainable Aviation Technology (INSAT) aimed at accelerating the green
industrial transformation of the aerospace industry.

Brandon Robinson, CEO, Horizon Aircraft

“We welcome today’s Initiative for Sustainable Aviation Technology (INSAT) announcement from
the Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and
Industry, at the Paris Air Show on sustainable aviation and the important role Canada has to play
in this.
“Recent independent research* we commissioned with Canadians reveals 73% support the
development of the electric Vertical Take-off and Landing (eVTOL) industry in Canada to support
the country’s economy while also helping cut greenhouse gap emissions by reducing traffic
congestion.
“The global air taxi and urban air mobility industry is forecast to see revenues grow from $2.3
billion in 2021 to as much as $30.7 billion by 2031, with more than 430,000 air taxis operating
worldwide, and given Canada’s geography and landmass, it has major advantages over other
countries to become a clear world leader in this fast-growing industry. Today’s announcement
will provide further support to helping Canada achieve this.
“eVTOLS and advanced air mobility technology promise to move people and cargo in ways that
will make a positive impact on our lives and the environment. The Government of Canada’s
backing for this pivotal initiative will enhance our country’s transportation capabilities, foster
growth within the domestic supply chain, and bolster the competitiveness of Canadian aerospace
suppliers. We are thrilled to see support for ambitious enterprises in pursuit of innovation and the
development of sustainable, net-zero aerospace technology, that will show benefits domestically
and internationally.
 
“The advancement of autonomous aircraft technology not only enhances safety measures but
also paves the way for unprecedented operational efficiencies. By leveraging advancements in
automation and artificial intelligence, we can optimize flight operations and reduce human errors.
The incorporation of autonomous flight systems has the potential to revolutionize cost structures,
offering air operators and passengers a more affordable and accessible travel experience. This
funding announcement marks a significant step towards a future where sustainable, autonomous
aircraft play a pivotal role in shaping the aviation industry for the better.”

*Study conducted by independent research agency Pure Profile among a nationally
representative sample of 1,000 Canadians aged 18-plus, which included 203 who currently live in
or have lived in a remote area of Canada

Source: Horizon Aircraft