Landmark insurance policy clears Shenzhen’s flying vehicle for Hong Kong lift-off

A groundbreaking cross-border insurance policy covering a piloted aircraft has cleared a key regulatory obstacle, allowing the Shenzhen vehicle to take to the sky in Hong Kong. Shenzhen-based aircraft developer Yivtol recently obtained a policy for an electric vertical take-off and landing (eVTOL) aircraft, underwritten in its home city but issued in neighbouring Hong Kong. With a total liability of HK$20 million (US$2.6 million) covering the one-year period ending in June 2027, this marks the...