Home Technology Air taxis are about to change the future of travel

Air taxis are about to change the future of travel

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August 19(ABC): Have you ever been stuck in bad traffic and daydreaming about how easy life would be if your car could just fly over the half-mile of honking metal in front of you? Well, those dreams could soon come true, sort of. The solution could be air taxis, which are basically exactly what they sound like: flying vehicles that are capable of taking a small number of passengers on short-range trips. Although it may seem like one of those futuristic ideas that are perpetually five years away, air taxis are already here, and some major companies have bought into the idea.

One of the most recent air taxi acquisitions was by United Airlines. The airline has already put down a $10 million deposit as part of a staggering $1 billion partnership with air taxi manufacturer Archer Aviation. The down payment will go toward the initial 100 air taxis United has ordered. Production on those aircraft is expected to begin in 2023, and the $1 billion deal could see United acquire 200 air taxis in total. In a statement, Archer Aviation CEO celebrated what he called the industry’s “first real cash commitment,” according to Popular Science.

United isn’t the only airline interested in air taxis and the possibilities they might bring. American Airlines and Boeing are also investing heavily in the concept. According to The Wall Street Journal, Boeing is throwing $450 million into a joint venture with Google co-founder Larry Page. If the Boeing/Page effort bears fruit, you could be whizzing around a city in a self-flying air taxi within the next few years. American Airlines has chosen to back Vertical Aerospace, a similar company to Archer Aviation, to the tune of $25 million.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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