Tuesday, August 9, 2022
Tuesday, August 9, 2022
Home Business Kenya Airways inks deal to purchase 40 flying taxis

Kenya Airways inks deal to purchase 40 flying taxis

by Val Lukhanyu
0 comment

Kenya Airways (KQ) has signed a deal with two Brazillian aviation firms Eve Holdings Inc and Embrear to buy 40 flying taxis as part of the airline’s diversification through its new subsidiary Fahari Aviation.

Fahari will support Eve’s aircraft and product development process, which will help guide the integration of Kenya Airways.

Speaking on Tuesday during the signing of the deal, KQ CEO Allan Kivaluka said the deal is part of the airline’s initiative to embrace drone technologies and establish drone cargo operations in Kenya

The flying taxis also known in technical terms as the electric vertical take-off and landing (eVTOL) aircraft, are a new technology that uses electricity to hover, take off, and land vertically, making it easier to move within cities while avoiding traffic jams.

The carrier said on Tuesday it had signed a letter of intent (LOI) with EVE UAM, LLC, a subsidiary of Eve Holding, Inc. (“Eve”) and a carve-out of Embraer S.A. (“Embraer”) which includes joint studies through a working group to develop and scale the Urban Air Mobility (UAM) market. The LOI also covers a business model for cargo drone operations in Kenya and the national carrier expects to start deliveries by 2026.

The (eVTOL aircraft, is a new technology that uses electricity to hover, take off, and land vertically, making it easier to move within cities while avoiding traffic jams experienced in most cities.

Nairobi for instance ranks the world’s 4th most congested city with an estimated travel average time of 57 minutes around the city according to a 2019 report by the Nairobi Metropolitan report

“The journey to realise the dream of eVTOL vehicles in Kenya is on course and the partnership with EVE UAM is a key achievement for us as part of the strategy to adopt new technologies as a growth strategy for the sustainable development of Africa,”  Kilavuka said

He explained that the airline is yet to enter into any financial contract until the studies are complete. “It is an LOI but we need to do the joint study first so we have no financial commitment for now. We have not acquired the vehicles it is an LOI,” he said.

The electric aircraft is emerging as the solution to navigating busy urban area transportation and has attracted global airlines in the race to secure new revenue streams.

The Business Daily also notes that Many aircraft concepts are being mobilized for urban taxi services, parcel delivery, medical assistance and recreation with minimal military use. Vertical Aerospace announced pre-orders for 1,000 aircraft in June 2021, including from American Airlines, Virgin Atlantic and planes lessor, Avalon Holdings.

The Embraer spinoff Eve Urban Air Mobility Solutions has signed contracts with 17 companies for 1,735 orders of its aircraft, valued at $5 billion (Sh568 billion) as of January 2022.

Eve has also signed a deal with Kenya Airways to develop operational models for urban air mobility through Fahari Aviation in an agreement that will work see Fahari establish its mobile network and the required urban air traffic management procedures and operating environment.

You may also like

%d bloggers like this: