A new type of air terminal opens for flying taxis

A new type of air terminal opens for flying taxis
"Evtols" such as the VoloCity rely on electrically driven rotors to take off and land vertically. (Image: Getty)
The Economist
As the morning mist slowly clears over Pontoise-Cormeilles, a regional airport 40km north-west of central Paris, it is time to check in at the "vertiport". This is the name the aviation industry has adopted to describe a new type of air terminal. Vertiports will be used by evtols, or flying taxis as they are sometimes called. As the name indicates, these aircraft take off and land vertically, like helicopters. But instead of being powered by jet turbines, they rely on sets of electrically driven rotors, much like hovering drones....

More World

How TikTok is wiring Gen Z’s money brain
World

How TikTok is wiring Gen Z’s money brain

Endless videos about the economy are giving 20-somethings a case of ‘money dysmorphia’.

Wanted: Megabank chief willing to work for half pay
World

Wanted: Megabank chief willing to work for half pay

HSBC seeks a global CEO to work for a fraction of the pay of a US bank boss.

Buffett rules out ‘eye-popping’ returns, investors aren’t listening
World

Buffett rules out ‘eye-popping’ returns, investors aren’t listening

As investors gather this weekend, Berkshire is poised to hit a US$1 trillion valuation.

Fed acknowledges inflation setback, holds rates steady
World

Fed acknowledges inflation setback, holds rates steady

Officials approved a plan to slow the ongoing reduction of their US$7.4tn asset portfolio.