American and Virgin Place Orders for Flying Taxis

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.” Tune in below as Vertical Aerospace Group CEO Stephen Fitzpatrick breaks down the purchases and the opportunity for growth in the aerospace market.

Host: So obviously a lot going on, so let’s just start with the opportunity here, where are you in your own flight path?

Fitzpatrick: Yeah, Thanks so much for having me, vertical launched in 2015. So we’re six years in and we’ve flown two full scale prototypes already, the vehicle that we’re launching and launching and that we’re partnering with American and Virgin with its x4, four passengers piloted. The moment in the test flight program will start later this year, Q4.

Host: OK, so flying taxis sounds amazing, especially if I was trying to get around in rush hour. And yet there is a question of, first of all, how feasible. It is. I mean, I’m probably not going to happen and drive why nobody wants to see that. And also whether this is catering to the common man and woman. Can you give a sense of how you envision flying taxis falling into the transportation ecosystem?

Fitzpatrick: Yeah, sure. So first of all, I think one of the most important things is that people who are skeptical, and that’s completely justified, right so these are new aircraft and we have a lot to prove. The one thing I would say is the technology that we’re using. It already exists today. This is not based on some new battery system or some new electric motor that we need to invent. All of the technology we use in vertical is based on today’s existing technology, most of it developed for the automotive sector. And now we’re repurposing it for aerospace. But, you know, we still need to be able to build and most importantly, certify these aircraft to the same safety standards as today’s commercial airlines. And that’s a really, really high bar. Airplanes are safe for a reason. Regulations are extremely challenging to meet. And and so that’s the challenge for us and for all (flight) companies. But the benefits are huge. So if you think about helicopters, they’re really useful. They’ve been around for 50, 60 years, but they’ve got a lot of problems. They’re dirty, they are high emissions, they’re noisy, they’re expensive and they are dangerous.

And if you look at the vehicles we’ll be developing, we’re talking about transportation that’s 100 times safer than a helicopter, same standard as a commercial airliner. It’s 100 times wider and it’s a fifth of the price. So it’s about $1 per passenger mile, which in Europe, that’s about the same price as rail fare. In the us, it’s about the same price as taking a taxi on your own. So this is definitely going to democratize urban air mobility, what we would call helicopter travel. And you’re talking about JFK to Manhattan, 12 minutes and $40 a ticket. So really affordable for every man.

Host: So let me just ask you, Stephen, obviously big airlines are interested. They’re investing. You know, they see something here right around the world. It’s that last mile, I guess, that’s appealing. How long before at least is hopping on in an air taxi? How long before people are actually using the service and it’s affordable?

Fitzpatrick: So we think certification is going to be around 2024, 2025. Like I said, we’re using existing technology and we’re already well through our certification program. And you’re going to see, you know, first of all, a relatively slow ramp up. Obviously, there’s going to need to be city permitting, the local airspace regulation, but this is going to be a reality in the next five years. And as I said, airlines are already getting well into this night to see how this is going to change their business models and how they’re going to connect passengers to the airports.


*Bloomberg contributed to this content

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook –
LinkedIn –

Follow us on social media for the latest updates in B2B!



Next generation of security solutions
The Future of Security: Discovering the Next Generation of Security Solutions at ISC West
April 23, 2024

The recently concluded International Security Conference & Exposition West 2024 (ISC West) proved to be an indispensable platform for discovering the next generation of security solutions, providing attendees with invaluable insights into the future of the industry. At a recent episode of MarketScale’s roundtable show Experts Talk, Cathal Walsh, Vice President and Chief Security […]

Read More
Cyber Resilience: To Protect Corporate Assets, Businesses Must Invest in Cybersecurity Training
April 23, 2024

As cyberattacks occur at increasing frequency, cybersecurity has become a cornerstone of corporate security strategies across all sectors. With businesses increasingly reliant on digital infrastructures, the quality of a company’s cybersecurity training is no longer just an operational requirement — it is a strategic asset. The stakes are high, as a breach can lead […]

Read More
Forming Relationships with Industry Insiders Can Quell Sales Cycles and their Length of Time
April 23, 2024

New companies are facing more and more challenges in the security industry as sales cycles are experiencing lengthier times. One of those reasons is due to the complexity of the security industry itself, along with the unique and special business models every new company will come in with. But there is a solution to […]

Read More
Cyber-first approach
From Bollards to Bytes: Why Security Firms Need to Adopt a Cyber-First Approach
April 23, 2024

How can the security industry effectively navigate the shift from traditional physical security measures to adopting a cyber-first approach in its sales and integration strategies? The transition from physical to digital security solutions was a major theme at the International Security Conference & Exposition West 2024 held earlier this month. On a recent episode of […]

Read More