Hail A Taxi, It Flies, Lands On Top Of Your Office: It's Coming Soon
NDTV
Britain's Vertical Aerospace is set to raise $394 million in a merger with a blank-cheque New York-listed company.
Fed up with traffic jams? Imagine a world where your taxi takes to the skies and lands on top of your office building, recharges and sets off afresh.
That's the vision of Stephen Fitzpatrick, founder and CEO of Britain's Vertical Aerospace, which is set to raise $394 million in a merger with a blank-cheque New York-listed company, and who says his aircraft will be flying by the mid-2020s.
And he's not alone. Some of the world's most high-profile engineers and airlines believe Vertical is onto something with its plan for zero-emission mini-aircraft to almost silently take four passengers through the skies for up to 120 miles (193 kms).
American Airlines, aircraft lessor Avolon, engineers Honeywell and Rolls-Royce, as well as Microsoft's M12 unit are investing in the merger, which is expected to complete by the end of the year.
