ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Air Taxis Set to Transform Urban Commutes with Speed and Efficiency

With the capability of vertical take-off and landing, these air taxis will revolutionize the way we travel.
PUBLISHED FEB 21, 2024
Cover Image Source: Supernal's eVTOL vehicle at the Farnborough International Airshow 2022 | Photo by John Keeble | Getty Images
Cover Image Source: Supernal's eVTOL vehicle at the Farnborough International Airshow 2022 | Photo by John Keeble | Getty Images

The commencement of the use of air taxis in various global locations, including France, Italy, South Korea, UAE, and Central America, with China already leading the way, marks a significant milestone in the evolution of transportation. This introduction heralds the advent of Advanced Air Mobility (AAM), a burgeoning global movement aimed at introducing a novel mode of transportation utilizing large-scale passenger drones, commonly referred to as electric vertical takeoff and landing (eVTOL) aircraft.



 

Despite the somewhat cumbersome terminology, the underlying concept is both quiet and sustainable: to facilitate the swift and safe movement of people and goods, surpassing traditional car travel while emitting less noise and carbon emissions than conventional helicopters.

"These things will be coming on the scene, and our job is to try and be ahead of the curve," said Paul Fontaine, an assistant F.A.A. administrator who oversees the modernization of the air transportation system.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Air Taxi (@flyairtaxi)


 

While the initial foray into air taxi deployment is still in its infancy, industry analysts anticipate that approximately six models will receive commercial certification by 2026, with widespread integration into mainstream urban transportation systems within the next decade.

"With a lot of new aircraft technology, you bring on one very novel thing, and you work your way through that," said Pat Anderson, a professor at Embry-Riddle Aeronautical University and a co-founder of VerdeGo Aero, a hybrid air taxi company. "In these vehicles, we’re trying to bring many, many things forward, all at once."



 

Distinguished from single-passenger electric aircraft used primarily for recreational purposes and regional eVTOLs slated to augment existing commercial airline operations, these multi-passenger air taxis are purpose-built for urban environments.

"We think that similar to what we have with cars today, this will be a standard means of transportation for our whole society. And it will become as normal for us in 2030, '40, '45 time frame to use an eVTOL as we're using cars today," said Daniel Wiegand, co-founder, and CEO at Lilium- Air Mobility Company.

Image Source: A prototype of the Volocopter air taxi | Photo by Ore Huiying | Getty Images
Image Source: A prototype of the Volocopter air taxi | Photo by Ore Huiying | Getty Images

These vehicles are poised to become ubiquitous fixtures in major urban centers such as New York, London, and Paris, while also playing a pivotal role in alleviating ground congestion in sprawling megacities like Sao Paulo, Mumbai, and Cairo. The overarching goal of AAM, however, extends beyond mere accessibility, aiming to increase the frequency of aviation-related benefits for a broader demographic.

Air taxis are expected to operate via the concept of the Small Airport Transportation System (SATS), which aims to use thousands of local airports in the US instead of relying on large ones. However, the authorities are still trying to develop safer and more affordable routes for small aircraft that can operate alongside major airliners whilst providing the benefit of costs.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Pakscience (@pakscience)


 

While air travel remains an experience largely inaccessible to approximately 80 percent of the global population, the advent of air taxis promises to reshape this landscape dramatically.

While the concept of air taxis holds great promise, there are still several challenges that need to be addressed before they become a widespread reality. These include regulatory frameworks, infrastructure development, safety measures, noise concerns, and public acceptance.

MORE ON MARKET REALIST
"How is this even possible? I’m sick," she wrote in the caption of the video. 
5 hours ago
The player had to choose between walking away with his winnings or playing for a car.
10 hours ago
She was seen wearing a New York sweatshirt and a pair of black pants with boots.
1 day ago
The contestant suggested that Carey wasn't going to let her have the card.
1 day ago
As per Closer Weekly, Harvey is now being compared to former "Wheel of Fortune" host Pat Sajak.
1 day ago
The player couldn't hold her excitement after winning one of the toughest games on the show.
1 day ago
Carey and DeGeneres are both comedians who have turned hosts for their respective shows.
1 day ago
The TikTok creator warned her viewers to throw out any broccoli bought in the past two months.
2 days ago
Fans debated the mathematical possibility of something like this happening and questioned the odds.
2 days ago
Trujillo admitted that the product wasn't patented and that was a major red flag for sharks.
3 days ago
The entrepreneurs even pitched a snack hat, which was a plate that people could wear.
3 days ago
The excited contestant nearly took out the host and wrestled the celebrity guest to the floor.
3 days ago
Rich Fields is one of the few lucky ones to introduce both Barker and Sajak on TV. 
3 days ago
The host had to stop the timer in the Fast Money round to recover from the shock.
3 days ago
One can imagine how hilarious it was when the two iconic hosts shared the stage.
4 days ago
Gwendolyn Osborne said that Carey changed the history of television and set a new standard.
4 days ago
The player brought his parents on the stage and that made things even more emotionally charged.
4 days ago
The player did lose everything that he had won but also get another shot and made a stunning recovery.
5 days ago
Steve Harvey has previously shared style tips with fans in a behind the scenes clip.
5 days ago
The founders of "The Long Hairs" made a rocking pitch that had the sharks headbanging.
6 days ago