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BERLIN, July 6 (Reuters) – German flying taxi start-up Volocopter on Tuesday announced the acquisition of long-standing partner DG Flugzeugbau to ensure compliance with the aviation safety regulator’s production standards of the European Union.
The acquisition, the terms of which were not disclosed, means that Bruchsal-based Volocopter now has production organization approval in accordance with the European Union Aviation Safety Agency (EASA) , in addition to the existing EASA design approval.
“Volocopter is now the first and only electric vertical take-off and landing company to hold both the design and production organization approvals necessary to advance its aircraft toward commercial launch,” he said. stated in a press release.
Volocopter hopes to bring its two-seater flying taxi, which looks like an oversized drone, into regular service in time for the Paris 2024 Olympic Games. It is also developing a similar cargo transport drone. Read more
It recently raised 200 million euros ($ 237 million) to fund its certification campaign. Well-funded rivals Lilium and Joby have meanwhile announced their intention to enter the US stock market by merging with listed shell companies. Read more
($ 1 = 0.8442 euros)
Reporting by Douglas Busvine; Editing by Kirsten Donovan
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