EU’s Revolutionary €350 Million Aviation Advancement Initiative
Unveiling the Champions of the Single European Sky Research Programme
The third phase of the Single European Sky research programme has yielded a stellar lineup of winning projects, all aimed at realizing the Digital European Sky’s ambitious objectives.
In recent years, eVTOLs (electric vertical take-off and landing vehicles) have emerged as a promising alternative to conventional air transportation, offering the possibility of urban air mobility and reduced carbon emissions. As these innovative aircraft take to the skies, ensuring their safety is of paramount importance.
As urban landscapes become more congested and the demand for efficient transportation continues to grow, electric Vertical Takeoff and Landing (eVTOL) aircraft are emerging as a promising solution for urban air mobility. These electrically powered, innovative flying machines hold the potential to revolutionize the way we travel within cities and between regions. But before they can take to the skies and ferry passengers seamlessly, they must first navigate a complex web of regulations and certifications.
The electric flying vehicle market is poised to become a lucrative business, with the potential to grow to a thousand billion dollars by 2040, according to Marcello Motta, an analyst at JPMorgan. Motta suggests now is the time to invest in the most promising company in the industry, and he recommends Eve Holding Inc, a Brazilian subsidiary of Embraer, as a prime target for investors.
Following EASA regulations, CycloTech received permission from the national aviation safety authority, Austro Control, to perform outdoor flights with its 85kg demonstrator starting March 2023.
The world’s longest-ever flight by an electrically-powered aircraft, capable of taking off and landing from a fixed position, took place on 23 February. The futuristic-looking aircraft flew 250.3 kilometres without landing.