This futuristic flying taxi startup took a giant leap towards making $70 rides a reality within 6 years

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This futuristic flying taxi startup took a giant leap towards making $70 rides a reality within 6 years
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Lilium says it won't need to subsidise its air taxis, and will charge around $70 per passenger.

Lilium, the German flying taxi startup, completed the first maiden flight for its prototype vertical take-off and landing electric jet.

German startup Lilium is among a crop of startups working on flying taxis — electric, on-demand aircraft that transport you around or between cities for the price of a long taxi ride. Gerber says no."Some of the ride-hailing plays ultimately subsidised rides in order to gain dominant positions, but we will [have] a positive revenue markup," he said."It will not just be a negative type of business model. It will be completely different, but still entirely affordable."

Another difference is that Lilium will need to hire trained pilots — pricier than cab drivers — and it plans to manufacture and maintain its own fleet of aircraft. It also has to make sure that aircraft can take off and land vertically, that it can really run on jet power and batteries, reduce noise, and create the infrastructure in cities for these vehicles to take off, land, and charge. That seems like a lot of additional expense., experts say.

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