Boeing-owned Wisk expects to begin carrying passengers 'later in the decade'
By Abhijith Ganapavaram
FARNBOROUGH, England, July 22 (Reuters) -Boeing-owned Wisk Aero expects its pilotless air-taxi to begin carrying passengers "later in the decade" as it works with the U.S. regulator to secure approvals, its CEO said on Monday, amid scepticism among industry analysts about certification timelines.
Wisk is one of several electric vertical take-off and landing (eVTOL) aircraft makers that have emerged over the last few years with a promise to provide an environmentally-friendly mode of transport in congested cities.
But the industry faces technological hurdles such as making batteries powerful enough for companies to make more trips on a single charge. They also need to convince regulators and the public that the aircraft are safe, a barrier that is higher when the aircraft is autonomous.
Wisk is developing a four-seater autonomous aircraft that will have a range of 90 miles (145 km).
"We are right now testing and producing the elements of this aircraft that we will hope to fly around the end of this year," CEO Brian Yutko told reporters at the Farnborough Airshow.
Wisk's strategy is a departure from other major air-taxi makers, which are developing models that will require a pilot to fly the aircraft. The company has said operators of its aircraft will save on pilot costs.
But industry experts at Bain say a full autonomous passenger flight is not expected before the late 2030s and pilotless aircraft will face competition from autonomous vehicles on the road.
"Maximising passenger occupancy and avoiding return trips with empty aircraft will be crucial for operator profitability," said Mattia Celli, one of the authors of the Bain report.
Mountain View, California-based Wisk was previously a joint venture between Boeing BA.N and Kitty Hawk Corp. It became a fully-owned subsidiary of the U.S. planemaker last year.
Reporting by Abhijith Ganapavaram; Editing by Mark Potter
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
