Aviation has its fair share of problems. The current pilot shortage of about 17,000 is only expected to grow by the end of the decade, and industry sustainability commitments may not achieve the target of net-zero aviation emissions by 2030, to name a few. But these issues, dire as they may be, present opportunities for innovation.
Venture capital firm UP.Partners last week published the 2024 edition of its annual Moving World Report, a deep dive into the movers and shakers in aviation and transportation more broadly. Though the industry’s challenges are steep, the company believes the introduction of new aircraft types—such as electric vertical takeoff and landing (eVTOL), hydrogen-powered, and blended wing body designs—offers hope that they can be solved.
