Commercial air travel already faces competition from high-speed trains in parts of the world. But the head of Irish aircraft leasing firm Avolon said competition would shift skywards as it invested up to $2 billion in aerial shuttles.
Vertical's VA-X4 has a range of 120 miles but that could be extended further, Avolon Chief Executive Domhnal Slattery said on late Thursday. "You have got to think that you have these machines that can disintermediate the legacy helicopters through just being 100 times quieter and no emissions," Slattery said.
Slattery said Avolon had not decided how to deploy the air taxis, whose relatively short product development cycles mark a shift for leasing companies used to long-term jet investments.
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