Airlines Plan to Plow Billions Into Flying Taxis | Siddharth Philip, Justin Bachman and Mary Schlangenstein

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(Bloomberg) — Flying taxis moved a step closer to becoming a fixture buzzing across urban skyscapes, as a closely watched effort was unveiled in Los Angeles and startups in the U.K. and Brazil made commercial breakthroughs.Vertical Aerospace Group, based in Bristol, England, won conditional orders for as many as 1,000 electric aircraft that could total $4 billion from buyers including American Airlines Group Inc. and Virgin Atlantic Airways Ltd., it said late Thursday.Meanwhile, Brazil’s Embrae
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