Flying Taxis Get a Boost as Airlines Plow Into Startups (1)

Flying taxis moved a step closer to becoming a fixture buzzing across urban skyscapes, as a closely watched effort was unveiled in Los Angeles and startups in the U.K. and Brazil made commercial breakthroughs.

Vertical Aerospace Group, based in Bristol, England, won conditional orders for as many as 1,000 electric aircraft that could total $4 billion from buyers including American Airlines Group Inc. and Virgin Atlantic Airways Ltd., it said late Thursday.

Vertical Aerospace Group gets orders from major airlines.

Source: Bloomberg)

Meanwhile, Brazil’s Embraer SA said it’s in talks to merge its unit developing electric vertical takeoff and landing aircraft into a public company, sending the ...