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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Tech

Airport planned for ‘Jetsons’-like flying cars

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The Associated Press
The Associated Press
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By
The Associated Press
The Associated Press
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November 11, 2020, 3:30 PM ET

The nation’s first regional hub for “flying cars” is being built in central Florida and once completed in five years, the vehicles will be able to take passengers from Orlando to Tampa in a half hour, officials said Wednesday.

The Tavistock Development Corp. said it was constructing a Jetsons-like aviation facility in Orlando’s Lake Nona area, the mixed-use planned community it built. Lake Nona already is home to several medical and research facilities.

The aircraft will be supplied by Lilium, a Germany-based aviation company that manufacturers the industry’s only five-passenger “electric vertical takeoff and landing” aircraft. At the moment, the Lilium Jets can travel up to 185 miles (298 kilometers) on a one-hour charge.

Passengers wanting a ride on the aircraft will be able to book reservations via their phones in a way similar to ride-share companies Uber and Lyft, officials said.

The vehicles flying and landing out of the Lake Nona Vertiport will accommodate four passengers and a pilot. The cost will be similar to a first-class, though the price will likely go down as the service becomes more popular, officials said.

Unlike airplanes and helicopters, the vehicles offer quick point-to-point personal travel, at least in principle. They could do away with the hassle of airports and traffic jams.

Battery sizes, air traffic control and other infrastructure issues are among the many potential challenges to commercializing them, according to experts. Experts compare the buzz over flying cars to the days when the aviation industry got started with the Wright brothers and the auto industry with the Ford Model T.

The Lake Nona Vertiport has applied for approval from the Federal Aviation Administration and Department of Transportation.

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