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.
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.
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.
United Airlines would buy no less than 200 air taxis with which they want to transport their passengers to airports over the next five years.