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Air Taxi Startup Going Public Gets Big Backing From Top Tech, Airline Stocks

UK-based electrical aircraft maker Vertical Aerospace said it has landed “up to 1,000” preorders from American Airlines (AAL) and others — a move that represents the latest bet from the aviation’s old guard on a cleaner air-taxi future.




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The announcement, made late Thursday, came on what amounted to an eventful day for the electric-aircraft industry.

Vertical also said it had landed investments from the likes of American, Honeywell (HON) and Microsoft‘s (MSFT) venture capital fund. The air taxi maker also said it plans to go public via a SPAC, making it the latest such company to do so.

Meanwhile, rival Archer, which is backed by United Airlines (UAL), unveiled its own air taxi.

Archer and Vertical expect certification or commercial launch for their aircraft as early as 2024. But some observers have cautioned that such a timeline could be too optimistic.

Air Taxi Stocks

Vertical Aerospace says it plans to go public via a merger with Broadstone Acquisition Corp. (BSN)….

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