Boeing Becomes Sole Owner of Air Taxi Manufacturer Wisk Aero

Facing slowdown in 737 Max deliveries, aviation giant takes full ownership of eVTOL developer.

Jack Daleo

Thursday, June 01, 2023 at 02:22 PM ET

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Wisk’s Generation 6 air taxi prototype was unveiled in October. [Courtesy: Wisk Aero]

Key Takeaways:

Boeing has fully acquired Wisk Aero, the self-flying air taxi developer it has backed since 2019, making it a wholly-owned subsidiary after acquiring Kitty Hawk Corp.'s shares.
Wisk is focused on developing autonomous eVTOLs and is taking a deliberate approach to certification, expecting to enter the market later than competitors due to the complexities of self-flying aircraft approval.
Boeing's significant and continued investment in Wisk highlights its long-term strategic commitment to the autonomous urban air mobility sector, despite facing challenges in its core aircraft deliveries.

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As it contends with a slowdown in 737 Max deliveries at present, Boeing also has its eye on the future.

According to reports this week, the aerospace powerhouse is now the sole owner of Wisk Aero, the self-flying air taxi manufacturer it has been backing since 2019, alongside Google co-founder Larry Page’s Kitty Hawk Corp. Kitty Hawk ceased operations last year but continued to invest in the electric vertical takeoff and landing (eVTOL) aircraft developer.