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Flying Taxis Could Take Off as Early as 2024

Posted

June 11, 2021

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Flying taxis moved a step closer to becoming a fixture buzzing across urban skyscapes, as a closely watched effort was unveiled in Los Angeles and startups in the U.K. and Brazil made commercial breakthroughs.

Vertical Aerospace, based in Bristol, England, won conditional orders for as many as 1,000 electric aircraft that could total $4 billion from buyers including American Airlines and Virgin Atlantic, it said late Thursday.

Meanwhile, Brazil’s Embraer said it’s in talks to merge its unit developing electric vertical takeoff and landing aircraft into a public company, sending the stock surging.

And in California, startup Archer Aviation showcased its future eVTOL after nabbing a $20 million investment from United Airlines. The carrier plans to buy as many as 200 of the aircraft, dubbed Maker.

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Flying Taxis Could Take Off as Early as 2024 · Bloomberg News · Sentinel