Flying Taxis Could Take Off as Early as 2024

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  • Bloomberg Quicktake: Now published this video item, entitled “Flying Taxis Could Take Off as Early as 2024” – below is their description.

    Flying taxis moved a step closer to becoming a fixture buzzing across urban skyscapes, as a closely watched effort was unveiled in Los Angeles and startups in the U.K. and Brazil made commercial breakthroughs.

    Vertical Aerospace, based in Bristol, England, won conditional orders for as many as 1,000 electric aircraft that could total $4 billion from buyers including American Airlines and Virgin Atlantic, it said late Thursday.

    Meanwhile, Brazil’s Embraer said it’s in talks to merge its unit developing electric vertical takeoff and landing aircraft into a public company, sending the stock surging.

    And in California, startup Archer Aviation showcased its future eVTOL after nabbing a $20 million investment from United Airlines. The carrier plans to buy as many as 200 of the aircraft, dubbed Maker.

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    In This Story: Brazil

    Brazil is the largest country in both South America and Latin America.

    Its capital is Brasília, and its most populous city is São Paulo. The federation is composed of the union of the 26 states and the Federal District. It is the largest country to have Portuguese as an official language and the only one in the Americas, as well as the most populous Roman Catholic-majority country.

    Its Amazon basin includes a vast tropical forest, home to diverse wildlife, a variety of ecological systems, and extensive natural resources spanning numerous protected habitats. Brazil is classified as an upper-middle income economy by the World Bank and a newly industrialized country.

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