Aerospace

Porsche and Boeing are getting into the urban aircraft market

The companies team up to create electric powered aircraft

Porsche and Boeing are putting their heads together to create a new luxury, electric-powered aircraft for people who want to get about town without having to worry about traffic.

The two companies have signed a non-exclusive memorandum of understanding to explore the premium urban air market and the extension of urban traffic into airspace. As part of the partnership, the companies will create an international team to address various aspects of urban air mobility, including analysis of the market potential for premium vehicles and possible use cases.

Boeing, Porsche and Boeing’s subsidiary Aurora Flight Sciences are also developing a concept for a fully electric vertical takeoff and landing vehicle. Engineers from both companies, as well as Porsche subsidiaries Porsche Engineering Services GmbH and Studio F.A. Porsche, will implement and test a prototype.

A 2018 study by Porsche Consulting forecasts that the urban air mobility market will pick up speed after 2025. The study also indicates that urban air mobility solutions will transport passengers more quickly and efficiently than current conventional means of terrestrial transport, at a lower cost and with greater flexibility.

The urban air taxi service seems to be picking up interest with a number of companies including Airbus all looking to get into this new market.

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