Aligning stakeholder roles for responsible AAM implementation2 AAM advances require aligned roles and responsibilities, structured priorities and enabling actions and a commitment to responsible implementation. With AAM moving steadily towards real-world implementation, it is necessary to identify the collaborative steps needed to unlock further progress. While certain applications have already gained traction, unlocking additional use cases and integrating AAM into transportation networks remains a long-term effort, as outlined in Section 1. This evolution demands not only innovation but also system-wide collaboration across a dynamic and evolving value chain. To get there, the industry needs to overcome a set of persistent hurdles: –Technological readiness: The development of AAM solutions requires advances in battery technology, autonomy capabilities, air traffic management systems and vehicle reliability. Ensuring seamless integration into existing airspace infrastructure remains a major milestone. –Operational maturity: Scalable deployment of AAM relies on the ability to manage fleets efficiently, secure take-off and landing zones and integrate AAM into broader multimodal transport networks. –Regulatory evolution: Authorities worldwide are still defining the frameworks for AAM, balancing innovation with public safety, privacy and societal acceptance. Without clear regulatory pathways, large-scale investment and deployment remain constrained. –Market viability: The economics and value unlock of AAM must be compelling for both public and private investors. Business viability, cost- efficient infrastructure and value-add use cases are critical to making AAM commercially viable.The challenges in these four categories do not exist in isolation. For example, a breakthrough in one area – such as vehicle technology – adds value only if other parts of the system (e.g. regulation, infrastructure and economics) are ready to support it. This interconnectedness underscores the need for strategic alignment and collaborative execution among stakeholders across the AAM value chain. Thus, AAM will only reach maturity through a gradual, collaborative shift. Moreover, implementing AAM at scale is not a linear process; it is a multidimensional challenge that demands synchronized efforts from stakeholders across different domains. All stakeholders involved play a role in driving AAM forward – the stakeholders together make up the value chain necessary for AAM implementation. However, to drive progress, value chain stakeholders must take ownership of distinct priorities while recognizing the critical role of collaboration in achieving them. Each group carries unique responsibilities, with specific priorities that reflect their role in scaling AAM responsibly: –Authorities define the legal and regulatory frameworks that shape safety, airspace integration, certification and societal acceptance. Their priorities include closing transportation gaps, enabling growth beyond societal concerns, establishing international standards and promoting stakeholder engagement. –Investors provide funding for early pilots, industrial ramp-up and infrastructure deployment – balancing risk with long-term growth potential. Priorities for investors include applying mission- oriented investment strategies, getting clarity on business potential, ensuring economic viability, diversifying funding sources and promoting environmental, social and governance (ESG) investments and sustainable life cycle. Advanced Air Mobility: Paving the Way to Responsible Implementation 10

Advanced Air Mobility 2025