First and foremost, the high development costs, with estimates varying depending on whether these are electric air taxis ...

When berating a dumb idea on social media, we, your correspondent included, will often say, “Silicon Valley Reinvents The [X] ...

More than 150 technology companies from all around the world are estimated to be developing eVTOL (electric vertical take-off ...

Guangzhou-based flying taxi company EHang has signed a partnership with a subsidiary of contractor China Communications to develop the industry. The deal with China Communications Information & ...

On the heels of eVTOL startup Lilium shutting down, air taxi builder Volocopter may close its doors having filed for insolvency due to lack of funds. On December 26, 2024, the Karlsruhe Local ...

German eVTOL manufacturer Volocopter has announced it is restructuring as it looks for investments to continue building its VoloCity air taxi. The company was due to enter the market by the end of ...

The company filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas on Dec. 22, 2024. In a letter to ...

Germany's Volocopter has entered insolvency proceedings in its home country after a number of successful prototype demos in recent months. The startup's craft uses a large number of individual ...

Silver Airways filed for Chapter 11 bankruptcy on Dec. 30. The airline cited Covid-19 debt and rising costs. Bankruptcy court allowed Silver Airways to continue operating. A Hollywood-based ...

U.S. Bankruptcy Judge Stacey Jernigan approved the sale at a court hearing in Dallas, Texas, saying that it would help preserve a well-known American brand. "I'm glad that TGI is going to continue ...