Speaker 0:  been talking about this for a while. we had two or three episodes, but it's finally happening. air taxis have been approved by the faa to start flights in twenty twenty five.

Speaker 1:  yeah. this came out of left field completely out of, by surprise, but i think it's because and correct me if i'm wrong because we've done so much and i've read so much. did europe approve, air taxis? did we cover something about that?

Speaker 0:  well, we know they were applying for approval. i don't remember them being fully approved. i think they were expecting approval by twenty thirty.

Speaker 1:  i'm surprised that the faa is ahead of europe on this, if anything. maybe

Speaker 0:  we can google that while we're chatting here.

Speaker 1:  for sure. yeah. so this is really cool because, this is a huge step to evtols, which is what they're calling them, to be able to fly and offer services. i know there's there's a lot of companies who have developed, this technology like joby aviation, archer aviation. what was the one that we were talking? there was, anyways, there was another one, that's more well known. and so yeah. so this is cool because now this is a viable potential, form of mode of transportation come going forward starting next year.

Speaker 0:  so in june of twenty twenty two, the european union aviation safety agency published rules for the operation of air taxis in cities. so it's the first comprehensive proposal, but i don't think they've approved anything yet.

Speaker 1:  okay. so they haven't created what the faa has done, by creating, like, what did they do? they passed a bunch of rules or they passed a rule, that kind of and a a certification and what's the word i'm looking for? definition, i think. so yes. yeah.

Speaker 0:  so they defined it. so they're paving the way for this to happen. yeah. it seems like when i'm looking at this that, they have approved electric jets and a couple other things, but i don't think and they've released the new certification criteria for air taxis, but i don't know if they've act and they propose rules. so, yeah, i don't know if there's actually anything approved yet.

Speaker 1:  okay. yeah. so yeah. but, like, we obviously need the infrastructure. we need the verta ports and charging stations, and, like, there's gonna be a lot of, significant investment into the infrastructure. the other thing is the public acceptance, which i don't think is gonna be a challenge too much. i don't know about you, but, it's essentially to me, it's like a helicopter. like, you're taken up you're taken off vertically, and you're landing vertically. so i'm i don't i think just maybe because of the newer technology, there might be a little bit of hesitation, but i don't think that that's gonna be a hurdle. i don't know about you.

Speaker 0:  i'm not sure if that's gonna be a hurdle too, especially in the eu. like, we've talked about this before, and as i'm jumping around here, so to make sure we have the right information. so this, back in november twenty three, they're talking to the flying taxi company gets approval, eu for electric jet. so these are electric, like, basically what do you call it? vertical lift?

Speaker 1:  evtols?

Speaker 0:  well, you know, you call them the same thing as a helicopter taking off.

Speaker 1:  yeah.

Speaker 0:  but they're delivering these expect plans to purchase ten of its electric jets and become an exclusive dealer. the deliveries are expected to start in twenty twenty six with the customers with a maintenance program pilot and two char training and two charging stations. so that all comes with the jets. but there's expected delivery is twenty twenty six in the eu. so that's the earliest we've seen.

Speaker 1:  yep. yeah. and what i was reading was you here or not here, but in the us, united airlines is planning to launch a route in the us between manhattan and newark liberty international by twenty twenty five. so that's their big plan there.

Speaker 0:  yeah. and so the evtol technology has been revolutionized, the aviation industry largely driven by archer aviation and joby aviation.

Speaker 1:  yeah. we covered something about joby aviation once.

Speaker 0:  yeah. and i think that's what you're talking about. so the development of air taxis has been underway for years, but in twenty now, you know, the ffa have finally certified several air taxi models, including archer, midnight, and joby's evtol, allowing them to operate as an on demand passenger flight starting in twenty twenty five.

Speaker 1:  yeah. and for those of you that don't know, joby, archer, and, lilium, they're all backed by aerospace giants like boeing and airbus. so they're not just these, off the like, these little startups that don't really have any backing. like, they have, like, they've got clout.

Speaker 0:  so key players driving this resolution include united airlines and delta, which they plan to integrate air taxi into existing travel infrastructure. like you mentioned, united airlines, for instance, plans to launch air taxi routes in twenty twenty five, offering ten to twenty minute flights from city centers to airports like newark, liberty, international, and chicago air o'hare. the goal, to turn what used to be an hour long commute into a seamless quick emission free flight.

Speaker 1:  yeah. and this would make sense for toronto too, eliminating the up express, you go from union to the airport. right?

Speaker 0:  yep.

Speaker 1:  but yeah. or even, like, toronto to ottawa would be a great, would be a great path too. but i don't know if they can handle that long flight yet. but yeah.

Speaker 0:  so archer aviation, apparently, is that one of the ones at the forefront, as i mentioned, and they've secured over one billion dollars in orders for its e e b t o l, e tall. how do you say that? e tall. evtol. got it. so, you know, how was

Speaker 1:  it it stands for electric vertical takeoff and landing.

Speaker 0:  yeah. i don't know when they put the acronym together like that, i'm like, oh, yeah. so this is a game changer by the way, this article we're looking at is on toronto starts dot com. go check it out. these air taxis will use vertiport, specialized hubs often located on rooftops or repurposing parking structures to quickly recharge between trips. so this looks pretty interesting.

Speaker 1:  yeah. and i was just looking at archer's, evtols. i'm not i don't like them that much. i do like jobys better. they look more compact. but yeah.

Speaker 0:  well, it depends how many people you're trying to get in it. what's the one that they're called the midnight? what's that one

Speaker 1:  that's like? midnight. yeah. yeah. it looks like a plane with a bunch of propellers on it.

Speaker 0:  the evtol market is expected to reach one trillion dollars by twenty twenty four according to industry analysts driven by the growth demand.

Speaker 1:  twenty twenty four?

Speaker 0:  sorry. twenty forty. my bad.

Speaker 1:  i was kidding. i feel early in the morning. yep. that's crazy.

Speaker 0:  in addition, the adoption of air taxis is expected to create thousands of new jobs in the aviation tech infrastructure sectors, building verta ports about new air traffic management systems, training pilots, and technicians. the new form of transportation will expect economic growth in cities that embrace the technology.

Speaker 1:  love it.

Speaker 0:  yeah. this is pretty cool. go check out the article on toronto starks dot com that this this, podcast is attached to, and, check it out.