Aerospace industry, Airline industry, Business, Transport, UK news, Technology Business | The Guardian
Vertical’s crash and cash crisis highlight challenge of making flying taxis a reality after nearly a century of effortsOn a dreary November day in the Cotswolds, England, the VX4 – a cross between a plane and a helicopter – rose from an airport runway, hovered a few feet off the ground and set back down.It might not have reached a heady altitude, but for its British owner, Vertical Aerospace, it was a crucial moment. The company, which has received millions of pounds in UK taxpayer support, is running short of cash. Continue reading…
Vertical’s crash and cash crisis highlight challenge of making flying taxis a reality after nearly a century of efforts
On a dreary November day in the Cotswolds, England, the VX4 – a cross between a plane and a helicopter – rose from an airport runway, hovered a few feet off the ground and set back down.
It might not have reached a heady altitude, but for its British owner, Vertical Aerospace, it was a crucial moment. The company, which has received millions of pounds in UK taxpayer support, is running short of cash.
