In a strategic move to strengthen its presence in the emerging air taxi market, Stellantis has committed up to $370 million to support the production of air taxis by Archer Aviation. This substantial investment will specifically target the manufacturing of Archer’s Midnight aircraft, with production targets set at approximately 650 units annually.
01
Aug
Aug
The unveiling of Eve’s eVTOL prototype has generated significant excitement in the aviation industry. With nearly 3,000 pre-orders from various companies, the demand for these innovative aircraft is evident, even before production has commenced. This strong market interest underscores the potential of eVTOLs to revolutionize urban transportation and short-distance air travel.
30
May
May
For some of us, the very idea of an air taxi evokes scenes straight out of science fiction. But in our quest to conquer gravity and reimagine transportation, Archer Aviation has been painstakingly crafting its eVTOL air taxi, “Midnight”. In a major leap toward that vision, the California-based pioneer has prepared its first working model of the air taxi, marking a significant milestone since it unveiled the design last November.
08
Mar
Mar
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.
05
Dec
Dec
The United Airlines aircraft is the first in history to use 100 per cent sustainable fuel on a commercial flight – estimated to have emitted 75 per cent less carbon dioxide into the atmosphere than kerosene.
15
Jul
Jul
US-based United Airlines and its regional partner Mesa Airlines have signed a conditional purchase agreement with Heart Aerospace for a total of 200 electric-powered regional aircraft capable of carrying 19 passengers.
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