financetom
Business
financetom
/
Business
/
Defence opportunity could finally make flying taxis a reality
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Defence opportunity could finally make flying taxis a reality
Jun 19, 2025 8:39 AM

*

Trump orders regulators to speed up certification of

eVTOLs

*

Flying taxi makers securing work with US military

*

Seen as cheaper, quieter alternative to helicopters

By Paul Sandle

PARIS, June 19 (Reuters) - Opportunities in defence,

emergency healthcare and cargo could help make flying taxis a

reality in the next few years after the sector recently received

backing from the Trump administration, executives in the

industry said at the Paris Airshow.

President Donald Trump this month told regulators to speed

up certification to accelerate the development of electric

vertical take-off and landing aircraft (eVTOLs), aiming to

secure a U.S. lead over Asia in the technology.

The executive order gave fresh impetus to an industry that

has struggled to win over critics and regulators.

"We take a lot of spears, people are like 'batteries are too

heavy'," said Kyle Clark, founder and chief executive of BETA

Technologies, at the show. "But the reality is, if you put the

airplanes in the right places, the benefits are real."

Flying taxis - seen in predictions of the future for decades

- need to shake off the idea that they are just for the rich to

become viable at scale.

Their manufacturers say emergency medical services, cargo

and defence could help, where they offer a cheaper and quieter

alternative to helicopters in areas from passenger and goods

transport to rescue missions.

BETA, Joby Aviation ( JOBY ) and Archer Aviation ( ACHR ) are in the U.S. Air

Force Agility Prime Program, which aims to develop technologies

for autonomous cargo and hybrid-electric aircraft.

Joby and Archer have previously signed military contracts

worth $131 million and up to $142 million, respectively.

"We have two aircraft at Edwards Air Force Base, and we are

really grateful for all the support and all the learning we've

gotten out of that," Joby Aviation's ( JOBY ) founder and chief executive

JoeBen Bevirt said. "We think there's incredible opportunities

on the defence side."

BETA's Clark, who flew its conventional takeoff and landing

aircraft in Paris, said the company had a clear position in

defence: reliable aircraft that showed up to every mission.

"We've gone to somewhere near 10 bases," he said. "We've

done 1,000s of takeoffs and landings with the military, we've

had an exceptional dispatch rate.

"We didn't just dabble in there. We've got contracts. I

think that, like, we've got hundreds of millions of dollars of

actual, tangible dollars flowing into us with defence."

The three companies, along with Wisk Aero, said Trump's

order was a big deal in boosting the sector's prospects.

U.S. Transportation Secretary Sean P. Duffy and acting FAA

Administrator Chris Rocheleau announced a U.S.-led alliance with

Britain, Canada, Australia and New Zealand to streamline the

certification of eVTOLs globally at the Paris show on Tuesday.

Wisk Aero, owned by Boeing ( BA ), differs from its rivals

in that it is focused on launching fully automated services.

"We have the political support, we have the industry support

and then we have the money to make it happen," CEO Sebastien

Vigneron said.

Public concern over automated driving systems in cars

suggests fully automated flying could have some convincing to do

to gain wider acceptance.

BETA's Clark said once the aircraft were in the hands of

customers, the business case would be clear.

He said he had flown passengers from the Hamptons to JFK

airport in New York using only $7 of electricity.

"You basically flip opex and capex on its head for recurring

costs, and it just tells you what type of customers and

applications you want for these airplanes," he said.

"It's not a once-a-week flyer, it's a three, four, 10

times-a-day flyer where you exploit the benefits of electric

propulsion."

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 >
Impinj Proposes Private Offering of $150 Million in Convertible Notes
Impinj Proposes Private Offering of $150 Million in Convertible Notes
Sep 2, 2025
04:21 PM EDT, 09/02/2025 (MT Newswires) -- Impinj ( PI ) said late Tuesday it plans to offer $150 million of convertible senior notes due 2029 in a private offering, subject to market conditions. The company said it expects to give the initial buyers of the notes an option to buy up to an additional $25 million of the notes....
PennantPark Floating Rate Capital Acquires $250 Million Asset Portfolio
PennantPark Floating Rate Capital Acquires $250 Million Asset Portfolio
Sep 2, 2025
04:20 PM EDT, 09/02/2025 (MT Newswires) -- PennantPark Floating Rate Capital ( PFLT ) said late Tuesday it acquired $250 million of assets, including from TSO Puma, an affiliate of Towerbrook Capital Partners. The company said it acquired the assets at the latest fair market value, which will be accretive to its quarterly net investment income by around $0.02 per...
US judge orders Google to share search data with competitors
US judge orders Google to share search data with competitors
Sep 2, 2025
(Reuters) -Alphabet's Google must share data with rivals to open up competition in online search, a judge in Washington ruled on Tuesday, while rejecting prosecutors' bid to make the internet giant sell off its popular Chrome browser and Android operating system. Google CEO Sundar Pichai expressed concerns at trial in the case in April that the data-sharing measures sought by...
US judge orders Google to share search data with competitors
US judge orders Google to share search data with competitors
Sep 2, 2025
* Google has said data sharing would give away its IP * Company avoids forced Chrome sale * Google has said it will file an appeal in the case (Adds detail in paragraphs 1, 4-5, bullet points) By Jody Godoy Sept 2 (Reuters) - Alphabet's Google must share data with rivals to open up competition in online search, a judge...
Copyright 2023-2026 - www.financetom.com All Rights Reserved