The Peak Catch Up: The Week That Was 13 June 2021

The Peak Catch Up: The Week That Was 13 June 2021

A round-up of business and corporate news to digest this weekend!
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Flying Taxi Debuts!

Business news

Business news

U.S.-based Archer Aviation unveiled its first electric flying taxi “Maker” in a Tesla-style debut on Thursday, June 10, as an increasing number of investors and aviation companies pile into the hot but yet-to-be-approved urban air mobility space.

Archer expects Maker’s commercial launch to happen in 2024 in Los Angeles and Miami and is in the process of certifying the piloted four-passenger aircraft with the Federal Aviation Administration, co-founder and co-CEO Brett Adcock revealed. “Our real goal is to make a mass market transportation solution in and around cities,” Adcock said.

The taxis can fly at 240 km per hour for distances up to 100km, and passengers are expected to pay an entry-level price of between US$3 and US$4 per mile.

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