The Federal Aviation Administration announced an air taxi pilot program Friday two months after President Donald Trump's executive order.
The Federal Aviation Administration said it's launching a pilot program to speed up the rollout of air taxis.The announcement follows President Donald Trump 's executive order in June that outlined the creation of an air taxi pilot testing program.
, major players in the electric vertical takeoff and landing, or eVTOL, space, said they are participating in the program. Shares of each were higher on Friday. The program will establish at least five projects through public-private partnerships with state and local governments to promote safe usage of electric vertical takeoff and landing aircraft. "The next great technological revolution in aviation is here," said U.S. Transportation Secretary Sean Duffy in a release. "The United States will lead the way, and doing so will cement America's status as a global leader in transportation innovation." Archer said supervised trials could begin in the U.S. as soon as next year, ahead of FAA certification. Joby is set to begin FAA flight testing early next year.Larry Ellison is $100 billion richer after blowout Oracle earnings reportProponents of eVTOL's have touted the technology as a method to slash emissions and ease traffic. Archer, Joby and their competitors have been steadily working toward FAA approval."These early flights will help cement American leadership in advanced aviation and set the stage for scaled commercial operations in the U.S. and beyond," he wrote.
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