Chinese Flying Taxi Sector Claims Global Lead Thanks To Regulatory Support

A Shanghai flying taxi company says that China's "low altitude" industry is edging ahead of western rivals, thanks to more supportive regulators, technological breakthroughs and cut-throat competition in the Chinese logistics sector. From a report: The total market created by electric vertical take-off and landing, or eVTOL, aircraft is forecast to be worth $1.5tn a year by 2040 in a base-case assessment by Morgan Stanley analysts, with potential customers across airlines, logistics, emergency services, agriculture, tourism and security operations. China's AutoFlight Group won airworthiness certification from the Civil Aviation Administration of China in late March for the design and parts for its unmanned CarryAll aircraft -- a global first for an eVTOL weighing more than 1 tonne being cleared by regulators. Kellen Xie, AutoFlight vice-president, said that while the company is also seeking similar approvals in Europe, the CAAC has been "quite supportive" of the new industry. "They work longer hours... they are determined to actually speed up the process of bringing this new technology into reality," he said. EVTOL aircraft take off vertically, like helicopters, but then transition into fixed-wing mode for travelling at higher speeds, offering faster and more efficient transport than ground-based options. Analysts point to a labyrinth of regulatory and safety hurdles, but supporters say the technology could fundamentally reshape how humans travel and freight is moved, in a level of disruption akin to the introduction of mass-market cars and commercial airlines. Most eVTOL aircraft are still in the testing stages and vary widely in terms of how fast and high they can fly and how much weight they can carry.

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