The Federal Aviation Administration said on Tuesday it was finalizing comprehensive training and pilot certification rules for flying air taxis, addressing a key hurdle to the deployment of electric vertical takeoff and landing aircraft, Reuters’ David Shepardson reports. The White House cleared the FAA’s final rules on Friday that were first proposed in June 2023. FAA Administrator Mike Whitaker confirmed the final rule at a conference in Las Vegas on Tuesday. Low-altitude urban aircraft known as eVTOLs have drawn intense global interest, with numerous companies going public like Joby Aviation (JOBY) and Archer Aviation (ACHR), the author notes.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter