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American Airlines and Virgin Atlantic order electric air taxis from UK startup

June 11, 2021. Summarized by summa-bot.

Compression ratio: 36.2%. 1 min read.

Vertical Aerospace, a UK electric aircraft manufacturer, has won the backing of American Airlines, Virgin Atlantic and Microsoft in its bid to make urban air travel a reality.

London (CNN Business)Vertical Aerospace, a UK electric aircraft manufacturer, has won the backing of American Airlines, Virgin Atlantic and Microsoft in its bid to make urban air travel a reality.

The startup revealed on Thursday that it has pre-orders for up to 1,000 of its zero-emissions VA-X4 vertical takeoff aircraft, worth as much as $4 billion, as it announced plans to go public in New York via a merger with blank check firm Broadstone Acquisition Corp.

Vertical Aerospace hopes that partnerships with Rolls-Royce and Honeywell (HON), among others, will allow it to quickly secure the same level of certification as large commercial airliners from the European Union Aviation Safety Agency (EASA) and enable production at scale.

"Emerging technologies are critical in the race to reduce carbon emissions and we are excited to partner with Vertical to develop the next generation of electric aircraft," said Derek Kerr, the chief financial officer of American Airlines.

"With 37 towns and cities with populations over 100,000 within 100 miles of London Heathrow Airport, the VA-X4 offers huge potential to support zero emissions short haul transfers for 7. 7 million customers outside of London," Virgin Atlantic said in a statement.

by summa-bot

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