What a surprise when you flying by taxi with your family member. It is a great surprise I think for you. It should be possible after 2024 because the aircraft leasing company Avolon has issued a $2 billion order for 500 electric vehicle take-off and landing (eVTOL) vehicles from British start-up Vertical Aerospace.
Avolon, which is based in Dublin, said the agreement will introduce the ‘ultra short-haul aircraft category” to commercial aviation, using zero-emissions aircraft.
The deal reflects a growing interest in the sector that code challenge the dominance of traditional short-haul aircraft carriers in the future.
The first flying taxi model Vartical’s VA-X4 currently has a range of 120 miles, long enough to travel from London to Cardiff, but Avolon chief executive Domhnal Slattery believes this can be extended further. The company try to range increase and very nearly it possible.
Vertical first unveiled his eVTOL vehicle last year and said it could begin commercial service by 2024. The model VA-X4 is 13 meters long with a 15-meter long wingspan, can carry five passengers, and cruises at around 150mph.
While prices for the air taxi services are initially expected to fall somewhere between a helicopter flight and a personal car, this is often expected to decrease as adoption grows.
Don’t Miss: Apple Targets To Electric Car Production By 2024
The new agreement will give Avolon equity within the firm alongside businesses including Microsoft, Rolls-Royce, Honeywell, and American Airlines.
It said the vehicles represent “the forefront of technological change” within the industry and lead the way towards electrification of air transportation . Planes that don’t run on fossil fuels will ultimately be needed if the planet goes to stay to Paris Agreement pledges to stay global climate change in restraint .
While larger electric planes are being developed for short-haul flights, longer-haul flights present a challenge.
Avolon reiterated Vertical’s intention to commence a late 2024 service and said that $1.25bn are going to be laid down first for 310 eVTOLs with the choice to accumulate a further 190 aircraft up to a worth of $750m.
“Our order with Vertical will accelerate the inevitable commercial roll-out of zero-emissions aircraft,” Slattery said. “Before the top of this decade, we expect zero-emission urban air mobility, enabled by eVTOLs, to play an increasingly important role within the global commercial aviation market.
“With Vertical, we’ll revolutionize aviation and still reduce the impact of our industry on the environment. As we emerge from the Covid-19 pandemic, aviation is going to be materially reshaped with airlines wanting to embrace emerging technologies that decarbonize aviation .”
Stephen Fitzpatrick, CEO of Vertical Aerospace, commented: “This agreement, with a longtime aviation company like Avolon, will allow us to plug into their global commercial network of airlines, reaching key decision-makers in a fast and efficient manner.”