Good news! When will we see the first traffic jams in the air? 😊
"The Federal Aviation Administration announced Friday it is launching a fast-tracked pilot program to speed up the rollout of air taxis.
Archer Aviation and Joby Aviation, both 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.
Officials said the commitment is expected to create high-paying manufacturing jobs, expand economic opportunities, and deliver futuristic air taxis to transform travel and product transport.
The action follows a Trump administration executive order calling for “American drone dominance,” beginning with this Electric Vertical Takeoff and Landing Integration Pilot Program."
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