Despite nuisances of long security lines, smaller airplane seats and crowded airplanes, most people still find getting to the airport the biggest issue in air travel. Depending on the location, it can be very inconvenient and inefficient, and environmentalists will point out that it is not environmentally friendly. United Airlines has just invested over a billion dollars in a start-up company that develops aircrafts with vertical landing and takeoff, powered by electrical aggregates. The goal is to have passengers come to the airport using these crafts as taxi vehicles.
- United Airlines is investing $1 billion in Archer Aviation, a developer of electric vertical takeoff and landing aircraft.
- The eVTOLs will be capable of carrying passengers 60 miles on a charge and reaching speeds of 150 mph.
- Archer is also merging with a special purpose acquisition company and being listed on the New York Stock Exchange.
“It could be a prescient move. Morgan Stanley predicts that the market for eVTOLs could reach $1.5 trillion in the next 20 years. If that prognostication bears out, early investors stand to be rewarded handsomely.”