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Innovations in the aviation market

Airbus and Boeing (NYSE: BA) – one of the world’s largest aircraft owners, say passenger planes can see their “wings cut off” by the rapid proliferation of flying taxis.

Commercial air travel is already facing competition from high-speed trains in some parts of the world. But the head of the Irish aircraft leasing company Avolon said competition would shift to the sky as it invests up to $ 2 billion in air shuttles.

Avolon is among customers for launching up to 1,000 electric vertical takeoff and landing aircraft (eVTOL), developed by the British company Vertical Aerospace, which plans to make it public by merging with a blank-check company.

The deals reflect the growing interest in rechargeable aircraft that can take off and land vertically, offering a new way for passengers to beat traffic and travel between cities.

Aircraft manufacturers have invested in such projects.

An order was made by Avolon for 310 pcs. eVTOL worth $ 1.25 billion and 190 options worth $ 750 million.

They will join a fleet owned or operated from 568 passenger planes all the way to the 396-seat Boeing 777-300ER.

Vertical Aerospace says eVTOL aircraft can help the industry meet its zero-emission carbon targets and, where possible, renewable energy.

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 Junior Trader Nikolay Petrov

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