American and Virgin Place Orders for Flying Taxis

The video discusses the development and future of flying taxis by Vertical, a company that launched in 2015. They have developed prototypes and are working with major airlines. The technology used is existing and repurposed from the automotive sector. Safety and certification are key challenges, but the benefits include reduced noise, cost, and emissions compared to helicopters. The service aims to be affordable and accessible, with certification expected by 2024-2025 and implementation within five years.

What are the expected benefits of the new flying taxi technology compared to traditional helicopters?

When does the speaker anticipate that flying taxis will become a reality for consumers?