bbc.com

European Flying Taxi Ventures Struggle Amid Financial Turmoil

European electric flying taxi companies face significant challenges, with Volocopter’s plans for a Paris Olympic service unfulfilled due to funding issues. The company is now seeking investment from China’s Geely. Similarly, Lilium has entered insolvency proceedings after failing to secure critical financing despite promising technology. Vertical Aerospace is also under financial strain, needing urgent investment to continue operations. In contrast, Airbus’s CityAirbus project appears stable, backed by robust resources. The future of eVTOL aircraft hinges on regulatory approvals and market viability, as high costs continue to deter investors.

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