New Horizon Aircraft reports over $70 million in cash and advances Cavorite X7 demonstrator development

New Horizon Aircraft Ltd. announced its financial and operating results for the quarter ended August 31, 2026, reporting over $70 million in cash and liquidity, which management expects to fund current operations for at least the next 24 months. The company has increased its research and development spending to accelerate the development of its full-scale Cavorite X7 demonstrator, with initial testing targeted for early 2027. Strategic partnerships and letters of intent represent over $1 billion in potential aircraft sales and leases.