financetom
Business
financetom
/
Business
/
Wisk Aero partners with Airservices Australia as it readies air taxi launch
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Wisk Aero partners with Airservices Australia as it readies air taxi launch
Oct 17, 2024 1:06 PM

Oct 15 (Reuters) - Boeing ( BA )-owned Wisk Aero said on

Tuesday it has partnered with government agency Airservices

Australia to study how air taxis and other autonomous aircraft

can be integrated into the country's airspace.

The move comes as the electric air taxi maker aims to launch

its four-seater autonomous aircraft in Australia before the

Brisbane 2032 Olympic and Paralympic Games.

Wisk is one of the 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.

Earlier this year, peer Joby Aviation ( JOBY ) applied for

the certification of its eVTOL aircraft in Australia.

However, the industry faces technological hurdles such as

manufacturing batteries that are powerful enough to allow

companies to make more trips on a single charge.

Air taxi makers also need to convince regulators and the

public that such a mode of transport is safe, a barrier that is

higher when the aircraft is autonomous.

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 >
Australia sues grocery giants Woolworths and Coles over 'illusory' discounts
Australia sues grocery giants Woolworths and Coles over 'illusory' discounts
Sep 22, 2024
(Reuters) -Australia's consumer watchdog accused the country's two largest supermarket chains of misleading shoppers about discounts on hundreds of products in lawsuits filed on Monday, tightening pressure on the sector amid a cost-of-living crisis. The legal action marks a major move against the supermarket giants, which have faced scrutiny from lawmakers and regulators for hitting consumers with high prices at...
Simon Property Gets $3.5 Billion Revolving Credit Facility
Simon Property Gets $3.5 Billion Revolving Credit Facility
Sep 22, 2024
04:35 PM EDT, 09/19/2024 (MT Newswires) -- Simon Property ( SPG ) said Thursday its majority-owned operating partnership unit Simon Property Group ( SPG ) has amended and extended a $3.5 billion revolving credit facility. The facility, together with the company's existing $5 billion senior unsecured credit facility totals $8.5 billion of total revolving credit capacity, the company said. The...
What's Going On With VinFast Auto Stock?
What's Going On With VinFast Auto Stock?
Sep 22, 2024
VinFast Auto Ltd. ( VFS ) shares traded higher Thursday after the Federal Reserve cut interest rates by 50 basis points (bps) on Wednesday. The company will report its second-quarter results before Friday's opening bell and host a conference call at 8 a.m. ET to discuss the results. Here's A Look At What To Know  What Happened: VinFast Auto (...
--Two Harbors Investment Keeps Quarterly Dividend at $0.45/Share, Payable Oct. 29 to Holders on Oct. 1
--Two Harbors Investment Keeps Quarterly Dividend at $0.45/Share, Payable Oct. 29 to Holders on Oct. 1
Sep 22, 2024
04:59 PM EDT, 09/19/2024 (MT Newswires) -- Price: 14.14, Change: +0.05, Percent Change: +0.35 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved