New Horizon Aircraft Expects Hybrid-Electric VTOL Aircraft, Cavorite X7, To Operate Up To 75% More Cost Efficiently Compared To Conventional Helicopters On Cost Per Available Seat Mile Basis

The Cavorite X7's Low Projected Operating Cost Has Been Verified by a Leading Independent Audit Firm

TORONTO, ON / ACCESS Newswire / March 5, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) is proud to announce that its hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft, the Cavorite X7, is forecasted to operate up to 75% more cost efficiently compared to conventional helicopters on a cost per available seat mile basis. The aircraft further offers greater redundancy, speed, and higher aircraft utilization by combining all-weather capability with low maintenance requirements.