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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

Frankfurt Airport Wants to Offer Electric Air Taxi Services

By
Renae Reints
Renae Reints
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By
Renae Reints
Renae Reints
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February 12, 2019, 1:51 PM ET
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Fraport AG, the transport company that manages Germany’s Frankfurt Airport, says it is working on conceptual plans for electric air taxi services.

The company partnered with Volocopter GmbH, which makes two-person multi-rotor electric aircraft that can be flown by a pilot or autonomously. The aircraft is based on drone technology—a fact visible in the machine’s design.

What is required to offer air taxi services at an airport?
We are cooperating with @Airport_FRA to find out exactly this by developing concepts for the necessary ground infrastructure and operations. Find the full information right here: https://t.co/C1D12iIx6S #Volocopter pic.twitter.com/aZiHNC5luQ

— Volocopter (@volocopter) February 12, 2019

Touting its product’s safe, quiet, and emission-free travel, Volocopter GmbH says it hopes to ease urban congestion by adding taxis in the sky.

“In the future, Volocopter Ports could link existing urban transportation junctions with one another and provide connections to and from Frankfurt Airport,” the company said in a statement announcing the Fraport partnership.

Frankfurt Airport—which saw more than 69 million passengers last year, according to Fraport—could be the first airport in Europe to implement such technology. However, the legal framework will first need to be completed and the aircraft will have to be certified for passenger use before this becomes a reality, the Associated Press reports.

Volocopter’s products have been flight tested in Dubai, where the government encourages the use of autonomous vehicles. Boeing and Uber are also working on their own air taxis and the regulatory framework that will allow them to become ubiquitous in American society.

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