Aerial Solutions Company for Aircrafts (ASCA) proudly announces the signing of a strategic Letter of Intent (LOI) with Vertixi and the Bank of China during the prestigious China International Import Exhibition (CIIE). This pivotal agreement marks a major step forward in the development and production of a next-generation unmanned logistics and passenger eVTOL aircraft, setting a new milestone for the future of air mobility.

The LOI was formally signed by Dr. Mansour Al Eid, Chief Executive Officerin the presence  of ASCA Chief Operating Officer Luis De León and Chief Production Officer Qingqiang Zhou.

The event demonstrates ASCA’s commitment to pioneering transformative aviation technologies and strengthening international partnerships that accelerate innovation in unmanned systems.

Shaping the Future of Air Mobility

This collaboration combines:

• ASCA’s leadership in UAV operations and BVLOS-certified capabilities,
• Vertixi’s advanced eVTOL engineering and manufacturing expertise, and
• The Bank of China’s strategic financial support and global aviation investment framework.

Together, the three organizations aim to co-develop a cutting-edge unmanned eVTOL platform capable of transporting cargo and passengers with unprecedented efficiency, safety, and sustainability.

This eVTOL initiative will support:

• Logistics operations
• Emergency response
• Urban mobility
• Industrial and energy-sector transport
• High-value payload delivery

A Vision Aligned with National and Global Innovation Goals

The signing of this LOI reinforces ASCA’s dedication to shaping the next era of advanced aerial mobility technologies, while supporting Saudi Arabia’s Vision 2030 objectives in localization, technological independence, and global leadership in emerging aviation sectors.

Executive Perspective

“This partnership represents a transformative leap forward in unmanned aviation,” said Dr. Mansour Al Eid, CEO of ASCA.
“By joining forces with Vertixi and the Bank of China, we are accelerating the development of an unmanned eVTOL platform that will redefine logistics and passenger transport capabilities worldwide.”

ASCA continues to expand its global footprint and technology portfolio through strategic alliances that deliver high-impact aerial solutions for commercial, industrial, and government sectors.