---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-003533"
form_type: "8-K"
ticker: "HOVR"
cik: "0001930021"
company_name: "New Horizon Aircraft Ltd."
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:30:33.788588+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Horizon Aircraft signs $250M LOI with JetSetGo for 50 Cavorite X7 eVTOL aircraft

## Summary
- LOI with JetSetGo for 50 Cavorite X7 aircraft at ~$5M each, total $250M; option for 50 more ($500M).
- JetSetGo is a leading regional air operator in India servicing multiple mission profiles.
- Horizon Aircraft CEO: Cavorite X7 hybrid eVTOL needs no expensive charging infrastructure.
- JetSetGo CEO Kanika Tekriwal: partnership will help usher in sustainable air travel in India.

## SEC filing metadata
- accession: 0001213900-24-003533
- form_type: 8-K
- ticker: HOVR
- cik: 0001930021
- company_name: New Horizon Aircraft Ltd.
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1930021/000121390024003533/0001213900-24-003533-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930021/000121390024003533/ea191639-8k_newhorizon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-003533
- JSON: https://secwatch.observer/filing/0001213900-24-003533.json
- Plain text: https://secwatch.observer/filing/0001213900-24-003533.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.