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American Airlines is making an investment in the future of aviation with a $1 billion pre-order for a new type of aircraft to fly over congested cities.
The Fort Worth, Texas-based airline is investing $25 million in Vertical Aerospace, a UK-based firm developing electric vertical takeoff and land aircraft, or eVTOLs, in a deal for up to 250 aircraft. EVTOLs are helicopter-like electric aircraft that aim to offer intra-city urban air mobility services and offer an alternative to driving.
Vertical Aerospace’s flagship VA-X4 aims to fly up to four passengers to distances exceeding 100 miles while achieving read more ⇒