Advanced air mobility has attracted US$6bn in investment. The aircraft fly. The companies cannot survive. This session presents a humility moment for the sector: cash exhaustion arrives 2026-2030, profitability arrives 2033-2035, and the three to five-year gap in between has no funding solution. SPAC projections missed actuals by 99%. Current shareholders face 70-85% probability of significant loss. Drawing on capital structure analysis across Joby, Archer, Beta and Vertical Aerospace, we detail why AAM must stop announcing and start surviving. The path forward requires consolidation, autonomous operations and infrastructure designed for the industry that will emerge – not the one being promoted.

• A frank assessment of why commercial AAM timelines require
• Actionable strategies for structuring vertiport investments with realistic, long-term horizons
• The shift from focusing on single eVTOL aircraft to building resilient, systems-level infrastructure