Considering that ticket fares aren’t being collected until 30 days before the flight, how is this financing anything - vapor or not?
Investors. Nothing brightens their eyes and loosens their wallets more than guaranteed revenue ( sorta)!
After 120 years of testing and new technology, we have learned what works (and what has not) for certified passenger airline service. Orville and Wilbur would not be successful in selling their aircraft in the current airliner market either.
Vaporware… LOL nailed it John! LOL
The arc of aerospace technology has been towards lighter, stronger aircraft to enable advances in design and capability. This single-criteria fuel source of lithium and other rare earth minerals to make a battery that weighs what it weighs is the antithesis of progress. Imagine if aluminum had been outlawed in the early 20th century and all aircraft had to be made of steel or wood in order to comply with a government mandate. What would aircraft have been? Heavy clunkers powered by enormous engines voraciously consuming fuel. Electric powered aircraft represent such a stifling of creativity in order to be in compliance with the “electric-or-nothing” agenda.
It must be the season for wild announcements. The Boeing transsonic Twin Otter with Cessna 172 struts got some press yesterday, obscuring that they had also taken over a driverless 4 person electric air taxi company that hadn’t even yet gone through a SPAC to accumulate excess naive investor $$$. The Boeing vision looks a lot like the picture above, but is much bigger. The aircraft above, you notice, has a big cargo pod, which is probably filled with more battery weight than the passenger compartment above will carry.
Well said
This seems premature.