financetom
Business
financetom
/
Business
/
Boeing-owned Wisk expects to begin carrying passengers 'later in the decade'
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing-owned Wisk expects to begin carrying passengers 'later in the decade'
Jul 22, 2024 9:03 AM

By Abhijith Ganapavaram

FARNBOROUGH, England, July 22 (Reuters) - Boeing ( BA )-owned

Wisk Aero expects its pilotless air-taxi to begin carrying

passengers "later in the decade" as it works with the U.S.

regulator to secure approvals, its CEO said on Monday, amid

scepticism among industry analysts about certification

timelines.

Wisk is one of several electric vertical take-off and

landing (eVTOL) aircraft makers that have emerged over the last

few years with a promise to provide an environmentally-friendly

mode of transport in congested cities.

But the industry faces technological hurdles such as making

batteries powerful enough for companies to make more trips on a

single charge. They also need to convince regulators and the

public that the aircraft are safe, a barrier that is higher when

the aircraft is autonomous.

Wisk is developing a four-seater autonomous aircraft that

will have a range of 90 miles (145 km).

"We are right now testing and producing the elements of this

aircraft that we will hope to fly around the end of this year,"

CEO Brian Yutko told reporters at the Farnborough Airshow.

Wisk's strategy is a departure from other major air-taxi

makers, which are developing models that will require a pilot to

fly the aircraft. The company has said operators of its aircraft

will save on pilot costs.

But industry experts at Bain say a full autonomous passenger

flight is not expected before the late 2030s and pilotless

aircraft will face competition from autonomous vehicles on the

road.

"Maximising passenger occupancy and avoiding return trips

with empty aircraft will be crucial for operator profitability,"

said Mattia Celli, one of the authors of the Bain report.

Mountain View, California-based Wisk was previously a joint

venture between Boeing ( BA ) and Kitty Hawk Corp. It became a

fully-owned subsidiary of the U.S. planemaker last year.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Interfor Q3 sales miss estimates, net loss widens
Interfor Q3 sales miss estimates, net loss widens
Nov 6, 2025
Overview * Interfor ( IFSPF ) Q3 sales miss analyst expectations, reflecting weak lumber market conditions * Company reports Q3 net loss of C$215.8 mln, impacted by non-cash duty items * Adjusted EBITDA loss of C$183.8 mln in Q3, includes C$147.4 mln duties expense Outlook * North American lumber markets, over near-term, expected to remain volatile due to economic and...
High-power fiber lasers provider nLIGHT's Q3 revenue beats estimates on record aerospace & defense sales
High-power fiber lasers provider nLIGHT's Q3 revenue beats estimates on record aerospace & defense sales
Nov 6, 2025
Overview * nLIGHT Q3 2025 revenue grows 18.9% yr/yr, beating analyst expectations * Adjusted EBITDA for Q3 2025 beats consensus, reflecting operational leverage * Company expects continued A&D revenue growth in Q4 2025 Outlook * nLIGHT expects Q4 2025 revenue between $72 mln and $78 mln * Company anticipates full-year 2025 A&D revenue growth to exceed 40% * nLIGHT forecasts...
UPS plane crash investigation will probe maintenance history, NTSB says
UPS plane crash investigation will probe maintenance history, NTSB says
Nov 6, 2025
* MD-11 freighter was on the ground for repairs in Texas in weeks before crash * FAA records show plane had a crack on a structural piece inside the center wing fuel tank * At least 12 people have died in crash, including three UPS pilots By Allison Lampert Nov 6 (Reuters) - U.S. safety investigators said on Thursday they...
American Realty Investors' Q3 net income rises
American Realty Investors' Q3 net income rises
Nov 6, 2025
Overview * American Realty Q3 net income improves to $0.1 mln from $17.5 mln loss last yr * Revenue rises $1.2 mln in Q3, driven by multifamily and commercial properties * Company sold Villas at Bon Secour, using proceeds for debt repayment and corporate purposes Outlook * American Realty Investors ( ARL ) did not provide specific future guidance Result...
Copyright 2023-2026 - www.financetom.com All Rights Reserved