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Flying Cars Get Off the Ground, Business and Industry Trends Analysis

Once relegated to the realm of science fiction, the idea of flying cars and taxi-like services provided by aircraft may be part of the near future thanks to the efforts of a number of entrepreneurs, including Google co-founder Larry Page, companies such as Uber and Airbus, and the government of Dubai.  Although each party developing unique machines, the concept is similar:  lightweight commuter vehicles that are easy to fly.  Many take off and land vertically.
An early pioneer in flying taxis was Kittyhawk (launched by Larry Page) which created a 12-rotor, single-propeller aerial taxi called Cora that is roughly the size of a Cessna 150.  The craft can travel at speeds of up to 93 mph and has an all-electric range of 62 miles.  Additionally, Kittyhawk worked on developing two vertical take-off and landing (VTOL) aircraft, the Flyer and Project Heavyside.  In 2019, Kittyhawk entered into a strategic partnership with Boeing (which conducted a successful test flight of its own autonomous air taxi in early 2019) to collaborate on further projects.  Kittyhawk and Boeing established a joint venture called Wisk Aero.  In late 2022, Kittyhawk shut down operations, leaving Wisk as an active subsidiary of Boeing.  As of mid-20224, Wisk had agreements with airports in Houston, Texas and with Airservices Australia to implement infrastructure and set up management and associated services to begin autonomous air taxi service in the near term.  Also in 2024, Wisk acquired aerospace software firm Verocel, Inc.


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