A new report predicts that the global market for air taxis will grow at a CAGR of 19.6 percent over the next five years, reaching an estimated value of just over $2.3 billion by 2027.

The UK-based startup is seeking to optimise existing superconductor technology to develop its Forerunner family of electric-ducted-fan engines to power flights of up to around 600 km.

The Swedish start-up has attracted new investments from Air Canada and Saab to bring the ES-30 into commercial service in 2028, which is two years later than the in-service date that had been announced for the smaller ES-19 aircraft.

Eviation announced on September 15 that GlobalX has signed a letter of intent to buy 50 of the all-electric Alice commuter aircraft, with the first deliveries expected in 2027.

As the aviation industry enters a new “golden age” ripe with innovation, federal regulators must be flexible to keep up with the rapid pace of technological advancements, says the FAA's Lirio Liu.

The eVTOL aircraft developer is developing the recharging infrastructure needed to make electric vehicles viable and will make facilities available to operators of multiple vehicle types via a mobile app.

The convertible road/air vehicle will be on display at Oxford Airport from September 20 to 22, and PAL-V's new facility in the UK will offer a simulator for new users to try out the flying car.

According to a Deloitte study, the AAM sector is projected to create more than 25,000 jobs and generate $152 million in state tax revenue for New Jersey over the next 15 years.

German eVTOL developer Volocopter has partnered with Aviation Safety and Quality Solutions, an Austrian software company, to help it design and produce aircraft to certification standards.

The U.S. major airline’s agreement with Eve marks its latest commitment for aircraft in the urban air mobility sector.

Japanese helicopter operator Hiratagakuen has partnered with Airbus to bring advanced air mobility services to Japan’s Kansai region. 

The global market for fixed-wing VTOL drones, or uncrewed aerial vehicles (UAVs), is expected to grow from $750 million in 2021 to nearly $4.5 billion by 2030, according to a market research report.

Testing of the 150-kW propulsion system paves the way for flight testing of a nine-seat eSTOL vehicle.

The Chinese company rolled out the first full-scale example of the lift-and-cruise design on September 2, at an airfield in Yixin, a city near Shanghai.

The proposed transaction would expand Safran’s position in electrical power generation.

The company aims to provide eVTOL transportation routes connecting all major regions in the Québec province by 2030, and it intends to expand its operations to 1,500 vertiports across five continents by 2045. 

Jeju Island has announced its intention to launch eVTOL air taxi routes for tourists in 2025, making it South Korea’s first municipality to adopt plans for urban air mobility.

Destinus, a Swiss start-up that aims to develop a hydrogen-powered hypersonic aircraft for high-speed cargo deliveries, has resumed test flights with its Jungfrau technology demonstrator.

The specialist helicopter manufacturer believes it can save lives and costs by replacing crewed helicopters with its new 500-pound autonomous vehicle for military resupply missions.

The U.S start-up has been supported by Bureau Veritas Marine & Offshore as it steps up the certification process for its family of sea gliders. It now expects to engage with the U.S. Coast Guard on the next stage in the process.