It’s hard to decide whether flying taxis are arriving very late or extremely early. On the one hand, the promise of airborne cabs zipping between skyscrapers has been a science fiction staple for decades. On the other, it wasn’t long ago that air taxis were filed in the ‘we’ll see’ folder of future technology, alongside hoverboards and hotels on the Moon.
But after years of wishful thinking, it’s suddenly happening. Investment in advanced aerial mobility (as the sector is known) has more than tripled in the last year, and analysts at Morgan Stanley expect the global air taxi market to be worth £2.7tr by 2050.