financetom
Business
financetom
/
Business
/
Hyundai's Supernal partners with two firms for its battery-powered aircraft
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Hyundai's Supernal partners with two firms for its battery-powered aircraft
Oct 22, 2024 12:13 PM

(Reuters) - Hyundai Motor's Supernal said on Tuesday it had partnered with a private jet charter firm and a passenger helicopter operator for the development of its air taxi infrastructure.

Supernal plans to launch its five-seat, battery-powered electric vehicle take-off and landing (eVTOL) aircraft in 2028 for commercial intra-city passenger journeys.

It is one of a bevy of firms worldwide developing battery-powered aircraft that can take off and land vertically to ferry travelers on short city trips, allowing them to beat traffic.

The concept has been touted as the future of urban air mobility, drawing intense global interest, with numerous eVTOL companies going public.

However, the industry needs to tackle regulatory hurdles and overcome battery limitations. They also have to convince the public that their aircraft are safe.

Under the first agreement, Supernal and private jet charter provider Clay Lacy will prepare Clay Lacy's fixed base operator (FBO) locations for take off and landing operations.

Announced on Tuesday, this marks Supernal's first FBO partnership.

The other agreement, with Blade Urban Air Mobility, will focus on joint exploration of advanced air mobility network and operations.

Under the three-year agreement, Blade, an air transport platform, and its operator partners will provide Supernal with feedback on aircraft design and safety for various operating markets.

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 >
--Southwest Airlines Sued by US Transportation Department for Chronically Delayed Flights
--Southwest Airlines Sued by US Transportation Department for Chronically Delayed Flights
Jan 15, 2025
03:35 PM EST, 01/15/2025 (MT Newswires) -- Price: 32.92, Change: -0.22, Percent Change: -0.65 ...
US sues Southwest Airlines over chronically delayed flights
US sues Southwest Airlines over chronically delayed flights
Jan 15, 2025
WASHINGTON (Reuters) - The Biden administration on Wednesday sued Southwest Airlines, accusing the carrier of illegally operating multiple chronically delayed flights and disrupting passengers' travel. The U.S. Transportation Department said in its civil suit filed with the Justice Department that the carrier had operated unrealistic schedules, and said it is seeking maximum civil penalties. The department said Southwest operated two...
Sector Update: Consumer
Sector Update: Consumer
Jan 15, 2025
03:31 PM EST, 01/15/2025 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 2.5%. In corporate news, Netflix ( NFLX ) is poised for subscriber growth, driven by the success of Squid Game season 2, live events including...
Senators demand US trade chief Tai halt late talks on investor protections
Senators demand US trade chief Tai halt late talks on investor protections
Jan 15, 2025
WASHINGTON (Reuters) - A bipartisan group of U.S. senators on Wednesday called on U.S. Trade Representative Katherine Tai to stop secret negotiations with Mexico, Canada and Colombia that would weaken investor protections in some U.S. free trade deals during the Biden administration's final days. The letter, led by Senate Finance Committee Chairman Mike Crapo, a Republican, and the panel's top...
Copyright 2023-2026 - www.financetom.com All Rights Reserved