The European Union Aviation Safety Agency has granted Lilium, an air taxi firm, "Design Organization Approval" to create and utilize its electric vertical takeoff and landing vehicles on a global basis. This is a huge step forward for the industry, which has been striving to make these vehicles available for commercial use for quite a while.
Lilium, a German air taxi firm, announced on Monday that it has been granted "Design Organization Approval" by the European Union Aviation Safety Agency. This license gives the company the ability to design and manufacture its electric vertical takeoff and landing vehicles.The CTO and head of design organization at Lilium, Alastair McIntosh, commented that the approval is a "license to operate" for the company and further motivates them on their path to commercializing the Lilium Jet. Luc Tytgat, the acting executive director of EU agency, noted the importance of establishing the right rules for operation, minimizing environmental impact, and ensuring high safety standards, while not setting up barriers for the new industry. He congratulated Lilium on achieving this approval, which is a key milestone for the industry as it works to get such vehicles ready for commercialization.
For decades, popular culture has been awash with the idea of cars taking to the sky - from "Chitty Chitty Bang Bang" to "The Jetsons" and "Blade Runner." Business people and investors have poured billions of dollars into such projects in recent years, though with limited success. Aiming to make domestic intercity travel easier, Lilium's vehicles, the Lilium Jet, are driven by electric motors and have propellers that help it take off and land, while propelling it while in flight. This Jet, when it is ready to be used commercially, will be able to travel 300 kilometers in an hour after a single charge; this is equal to a journey from London to Manchester. These commercial flights are expected to become available by 2025.
Lilium is up against a few major competitors, including Boeing and Airbus, as well as German start-up Volocopter, which is also working on a vertical takeoff and landing air taxi. Several stocks are identified by Wall Street as potential investments according to Warren Buffett. These stocks are singled out for their potential relating to the growing trend of artificial intelligence.
Kommentare