PARIS/TORONTO : A year ahead of the Paris Olympics, flying taxi maker Volocopter wants to prove to executives at the Paris Airshow it is on track to ferry customers around the sporting showcase and take off globally. The world's largest air show tends to focus on military and commercial planes. But electr
PARIS/TORONTO : A year ahead of the Paris Olympics, flying taxi maker Volocopter wants to prove to executives at the Paris Airshow it is on track to ferry customers around the sporting showcase and take off globally.
Germany's Volocopter is working to overcome these hurdles and launch the first commercial flying taxi service to take customers around Paris during the 2024 Olympics and will use the air show to demonstrate its progress.Success could boost the broader urban air mobility sector by persuading risk-averse investors that air taxis are worth putting money into, analysts and executives said.
Volocopter hopes to be the first, but still needs to run its aircraft through intensive weather tests and provide thousands of pages of documentation to Europe's regulator, the European Union Aviation Safety Agency .Intensive weather tests will take place in Germany next month, with a pilot and passenger.
"In combination with a difficult market, less liquidity in the market is a problem for the whole industry." Alan Wink, managing director of capital markets at U.S. accounting firm EisnerAmper which has worked on such deals, said he had seen a shift in investments toward drones amid concerns that air taxis will need to overcome greater regulatory hurdles than other types of electric vehicles.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ceasefire agreed as air strikes pummel Sudanese capital, killing 17Fighting between warring military factions in Sudan has entered a third month. Read more at straitstimes.com.
Read more »
New York’s air quality deteriorates to unhealthyThe smog isn’t likely to reach the intensity seen in the previous week, when the skyline turned orange. Read more at straitstimes.com.
Read more »
Singapore Airlines refutes Indian press' report that SIA is increasing stake in Air India - Singapore NewsThe report by Indian newspaper Mint suggested that Singapore Airlines sought to expand its influence in Air India and elevate the airline's status as a leading full-service carrier in India
Read more »
Commentary: Wildfire smoke and dirty air are also climate change problemsWildfires and thick smoke in eastern North America are not just a symptom of the worsening climate catastrophe, they also amplify ongoing warming, says this Duke University climate science professor.
Read more »
Alcaraz hopes to quickly adapt to grass after Paris disappointmentCarlos Alcaraz makes his Queen's Club Championships debut this week and the Spaniard knows he has a lot of adjustments to make to his game if he is to be a contender at the grasscourt event and at Wimbledon next month.Alcaraz is coming off a disappointing French Open where the 20-year-old, who had warmed
Read more »
Experiencing more turbulence on flights? Climate change could be a reasonClear-air turbulence, which is difficult to forecast, is expected to intensify as climate change worsens.
Read more »