After UK and Brazilian start-ups have achieved commercial breakthroughs and watched efforts have been announced in Los Angeles, flying taxis are one step closer to becoming a bustling fixture in the skyscapes of cities around the world.
Bristol-based Vertical Aerospace Group said last week that it had won conditional orders for 1,000 electric aircraft, which could amount to $ 4 billion, from buyers such as American Airlines Group and Virgin Atlantic Airlines. T.
Brazil’s Embraer SA has soared its share price, confirming separately that it is in talks to integrate its division of electric vertical take-off and landing aircraft (eVTOL) into a public company.
Meanwhile, in California, startup Archer Aviation Inc. exhibited a future electric aircraft after raising a $ 20 million investment from United Airlines Holdings Inc.
Although not yet licensed for commercial use, European aviation regulators expect to obtain approval for electric flying taxis as early as 2024. People on long trips are under pressure for carbon emissions and the effects of pandemics.
“We believe this is the beginning of the next major evolution of urban air mobility,” said Avolon Holdings Ltd, an aircraft lender investing $ 15 million in vertical aerospace. Said Domhnal Slattery, Chief Executive Officer of. “This is probably as important as in the jet era.”
Flying taxis, like electric helicopters, are designed to accommodate a few passengers. However, they utilize multiple small electric rotors, are quieter, more agile, and have no emissions.
The aircraft is designed to fly short distances of 160 kilometers or less, to carry wealthy commuters over congested urban areas, for example to airports and weekend vacations. Expected to be used. Many eVTOL manufacturers plan to eventually move to pilotless aircraft.
The popularity of special purpose acquisition companies (SPACs) has served as a catalyst for emerging industries.
Vertical Aerospace will be made public through a reverse merger with Broadstone Acquisition Corp., and the combined value of the company’s shares will be approximately $ 2.2 billion.
Archer, based in Palo Alto, California, said it plans to merge with SPAC, which is supervised by investment banker Ken Moelis, in February. Its value is about $ 3.8 billion.
Embraer surged 15% on Thursday after confirming that it was in talks to merge its Eve Urban Air Mobility division with blank-checking firm Zanite Acquisition Corp. and give it a valuation of approximately $ 2 billion.
Two other eVTOL companies, Joby Aviation and Lilium GmbH, have agreed to make it public through the merger of SPAC. Another German startup, Volocopter GmbH, is backed by airport operators such as Atlantia SpA.
Last week, Eve said it had entered into a partnership with Halo Aviation Ltd., a US and UK helicopter travel provider, which will begin delivering 200 aircraft from 2026.
Patrick Key, executive director of the European Union Aviation Safety Agency, said in May that commercial use of eVTOL would begin with carrying luggage and then with passengers.
Unmanned flight will take at least another five years, Ky said, as EASA is working on a coordinated approach with the US Federal Aviation Administration and other international regulators.
In an era of false alarms and information overload Quality journalism is more important than ever.
By subscribing, you can tell the story correctly.