Airbus and Boeing watch out - one of the world’s largest aircraft owners says passenger planes could see their wings clipped by the rapid spread of flying taxi startups. Commercial air travel already faces competition from high-speed trains in parts of the world. But the head of Irish aircraft leasing firm Avolon said competition would shift skywards as it invested up to $2 billion in aerial shuttles. Avolon is among the launch customers for up to 1,000 electric Vertical Take-Off and Landing (eVOTL) aircraft being developed by Britain’s Vertical Aerospace, which plans to go public through a merger with a blank-check firm. German air shuttle startup Lilium said in March it would float on the U.S. stock market via a similar process. A rendering of Vertical Aerospace's VA-X4 airc...
Read More
You must be logged in to post a comment.