Flying taxis to take to the sky in mid-2020s, says UK's Vertical Aerospace

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LONDON : Fed up with traffic jams? Imagine a world where your taxi takes to the skies and lands on top of your office building, recharges and sets off afresh.That's the vision of Stephen Fitzpatrick, founder and CEO of Britain's Vertical Aerospace, which is set to raise US$394 million in a merger with a b

LONDON : Fed up with traffic jams? Imagine a world where your taxi takes to the skies and lands on top of your office building, recharges and sets off afresh.

American Airlines, aircraft lessor Avolon, engineers Honeywell and Rolls-Royce, as well as Microsoft’s M12 unit are investing in the merger, which is expected to complete by the end of the year. "We are going to sign deals. We're finding the appetite and the demand from airlines to be really strong," Fitzpatrick told Reuters.

The VA-X4 is still in construction and will start test flights early next year. Fitzpatrick believes Vertical's partnerships will help it emerge as a winner.

 

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