Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

U.S. forms team to set strategy on flying air taxis

Published 05/16/2023, 09:24 AM
Updated 05/16/2023, 10:25 AM
© Reuters.

By David Shepardson

WASHINGTON (Reuters) -The Biden administration said Tuesday it has formed an interagency team to develop a national strategy relating to advanced air mobility efforts such as flying taxis.

Electric vertical takeoff and landing aircraft (eVTOL) have been touted as the future of urban air mobility. Low-altitude urban air mobility aircraft has drawn intense global interest, with numerous eVTOL companies going public.

The U.S. Transportation Department said the team includes NASA, Transportation Security Administration, Federal Aviation Administration and Federal Communications Commission.

The FAA earlier this month issued an "updated blueprint" for airspace and other changes to accommodate future air taxis. Last year, it issued a proposal to update its air carrier definition to add "powered-lift" operations to regulations covering other commercial operations like airlines, charters and air tours.

The FAA said that under the blueprint, air taxi operations will begin at a low rate, similar to helicopters, and using existing routes and infrastructure such as helipads and vertiports.

The FAA is separately developing a powered-lift operations rule for certifying pilots and operating requirements to fly eVTOLs. The agency expects to publish the proposal this summer.

Acting FAA Administrator Billy Nolen has said the agency does not expect the first eVTOL to begin commercial operations until late 2024 or early 2025.

Airlines and other companies are looking at developing transport services using battery-powered aircraft that can take off and land vertically to ferry travelers to airports or for short city trips, allowing them to beat traffic.

© Reuters. FILE PHOTO: Adam Goldstein (R) and Brett Adcock, co-founders and co-CEOs of flying taxi company Archer Aviation, pose for a picture as they rehearse for the unveiling of their all-electric aircraft from a facility in Hawthorne, California, U.S. June 8, 2021.  REUTERS/Mike Blake/File Photo

Last year, the FAA issued the airworthiness criteria that air taxi startup Joby Aviation will need to meet for its Model JAS4-1 eVTOL aircraft and Archer Aviation for its air taxi to be certified for use.

Delta Air Lines (NYSE:DAL) invested $60 million in Joby in a partnership that aims to offer passengers air taxi transport to and from airports in New York and Los Angeles within a few years.

Latest comments

The FAA under Biden and Buttplug cannot keep the current airline system safe and operational.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.