Horizon Aircraft Partners with Great Lakes Helicopter for Cavorite X7 Maintenance and Training

TORONTO, September 29, 2026 /CourierPR/ -- Horizon Aircraft, a Canadian aerospace company developing one of the world's first hybrid-electric Vertical Take-off and Landing (VTOL) aircraft, has announced a significant partnership with Great Lakes Helicopter, an Ontario-based aviation company. The agreement, formalized through a Letter of Intent (LOI), aims to support the commercialization of Horizon Aircraft's Cavorite X7 aircraft by providing maintenance, repair, and overhaul (MRO) services, pilot training, and aircraft purchases.

According to Chad McIntosh, Managing Director of Great Lakes Helicopter, the company is expanding its capabilities to support the next generation of aircraft technologies.

The proposed partnership is intended to establish the operational infrastructure needed as Horizon Aircraft advances the Cavorite X7 toward commercialization.

Horizon Aircraft Co-Founder and CEO Brandon Robinson emphasized the importance of this partnership.

Great Lakes Helicopter, based in Ontario, Canada, provides helicopter flight training, commercial operations, aircraft maintenance, repair, and overhaul (MRO), aircraft sales, and aviation support services. Through its affiliated companies, including Rotor Services Ltd., GLH serves operators, pilots, and aviation customers across Canada. The company is focused on safety, innovation, and workforce development, with plans to expand its capabilities to support the next generation of aircraft technologies.

Horizon Aircraft's Cavorite X7 is designed to fly most of its mission in traditional wing-borne flight, offering industry-leading speed, range, and operational utility. Upon successful completion of testing and certification of its full-scale aircraft, Horizon Aircraft intends to scale unit production to meet expected demand from regional aircraft operators, emergency service providers, and military customers.

The partnership between Horizon Aircraft and Great Lakes Helicopter marks a significant step in the commercialization of the Cavorite X7. Both companies are committed to advancing the next generation of VTOL aircraft and ensuring the safe and efficient operation of these innovative aircraft.

Information on Horizon Aircraft's website does not constitute a part of and is not incorporated by reference into this press release.

This press release contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "aim," "future," "opportunity," "plan," "may," "should," "will," "would," "target," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates, and projections, and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Horizon Aircraft competes, including with respect to its competitive landscape, technology evolution, or regulatory changes; (ii) the risk that Horizon Aircraft will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Horizon Aircraft's industry and market size; (v) financial condition and performance of Horizon Aircraft, including the condition, liquidity, results of operations, the products, the expected future performance, and market opportunities of Horizon Aircraft; (vi) Horizon Aircraft's ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (vii) successful completion of testing and certification of Horizon Aircraft's Cavorite X7 eVTOL; (viii) the targeted future production of Horizon Aircraft's Cavorite X7 aircraft; and (ix) other factors detailed by us in the Company's public filings with the SEC and under the Company's profile on sedarplus.ca, including the disclosures under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2026, filed with the SEC and filed under the Company's profile on sedarplus.ca on July 16, 2026.