Volatus Aerospace Expands Drone Operating Authorities Nationwide in Canada

Drone Delivery Canada ( (TSE:FLT) ) has shared an announcement.

Volatus Aerospace has received expanded nationwide Special Flight Operations Certificates from Transport Canada, allowing for broader and more flexible commercial drone operations. This regulatory advancement enables Volatus to conduct beyond visual line-of-sight operations across Canada, including in restricted airspace and during night, enhancing their capabilities in sectors such as energy, telecommunications, and public safety, and supporting operations like wildfire response and high-altitude missions.

Spark’s Take on TSE:FLT Stock

According to Spark, TipRanks’ AI Analyst, TSE:FLT is a Neutral.

The overall stock score of 46 reflects significant financial challenges and weak technical indicators, overshadowed by a positive outlook from strategic corporate events aiming to strengthen financial and market positions. The valuation remains poor due to ongoing losses, and technical indicators suggest bearish momentum.

To see Spark’s full report on TSE:FLT stock, click here.

More about Drone Delivery Canada

Volatus Aerospace Inc. is a leading provider of innovative aerial intelligence and logistics solutions, focusing on scalable and high-value drone operations across Canada.

Average Trading Volume: 309,478

Technical Sentiment Signal: Sell

Current Market Cap: C$67.21M

For a thorough assessment of FLT stock, go to TipRanks’ Stock Analysis page.