At face value, 2021 was a hugely impactful year for the nascent advanced air mobility (AAM) sector, which once again seemed impervious to the monumental challenges posed by Covid to the mainstream air transportation industry. The pandemic has now cast its long shadow over our lives for some 22 months since March 2020, and yet in roughly the same timeframe from now, the first eVTOL air taxi services could begin operations in 2024.
The past year yielded yet more hype, garnished by loudly heralded “orders” for eVTOL and eSTOL aircraft in a flurry of announcements that did little to conceal the reality that the vast majority were provisional, with no money changing hands. Nonetheless, the 4,000-plus reported sales apparently passed the smell test of some deep-pocketed investors as evidence of prospective rewards for their risk; and the presence of major blue-chip airlines, such as United and American, among the customer base bolstered credibility.
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