Air Taxi

Archer Aviation is now the third air taxi developer to start public trading since August—the second just this week—after it successfully completed a merger with a special purpose acquisition company, also known as a SPAC. As of Friday, the Palo Alto, California-based company appears on the New York Stock Exchange under the ticker symbol ACHR. […]

Air taxi developer Lilium officially launched on the Nasdaq stock exchange Wednesday, days after shareholders of special purpose acquisition company (SPAC) Qell Acquisition Group approved a merger on September 10. The Germany-based company is now trading as “LILM.” It’s the latest development in the growing eVTOL industry, aimed at providing convenient, fast, and environmentally friendly […]

A merger Tuesday has cleared the way for a third air taxi developer, Archer Aviation, to begin trading on a major U.S. stock exchange. Shareholders of Atlas Crest Investment Corp., a special purpose acquisition company (SPAC), voted to merge with Archer, which beginning Friday will be traded on the New York Stock Exchange under the […]

Joby Aviation this week became the first company to fly an all-electric vertical takeoff and landing (eVTOL) aircraft as part of NASA’s Advanced Air Mobility Nation Campaign. The effort by NASA aims to promote public confidence in emerging aviation markets, such as passenger air taxis, through flight testing in realistic scenarios and data analysis that […]

Air taxi eVTOL developer Archer Aviation is seeking $1 billion in damages from rival Wisk Aero, escalating an ongoing dispute over allegations of trade secret theft. It’s the latest in a series of legal challenges between the two companies. In April, Wisk sued Archer, claiming that former employees took a number of proprietary documents—including aircraft, […]

Volocopter’s mission is simple: bring urban air mobility to life. A Volocopter 2X flight at EAA AirVenture on Tuesday, July 27, helped refine that mission. It represented the first ever publicly-crewed test flight of a fully electric vertical take-off and landing (eVTOL) air taxi in the US. The aircraft took off at 2:45 pm and […]

With the increased global focus on green energy and the introduction of a variety of hybrid-electric aircraft, Honeywell Aerospace has announced the development of a turbogenerator that would power electric motors for such products. The unit is specifically designed to supply the high-powered electric motors and to recharge the batteries of urban mobility aircraft, such […]