On the evening of June 10th, California-based Archer unveiled its new electric take-off and landing vehicle (eVTOL) at an event held at the Hawthorne Hangar Operations in L.A. The debut of the aircraft dubbed Maker was also live-streamed to a global audience. To demonstrate what Maker is capable of, the participants were invited to take part in a simulated flight.
UNITED STATES
<strong>Yellen urges debt funding</strong>
Debt relief for poor and developing countries would be hampered without new funding, while US$2.7 billion in current unmet US commitments to the World Bank, IMF and other institutions would grow, Secretary of the Treasury Janet Yellen on Thursday told members of the House of Representatives Committee on Appropriations. The G20 Debt Service Suspension Initiative (DSSI) for poor countries and a new debt restructuring “Common Framework” need funding from congress, she said. “Without new funding, the United States could be forced to delay the multilateral debt process under the Common Framework and charge much higher interest
United Airlines has formed an investment company called United Airlines Ventures, through which the carrier intends to invest in emerging clean-energy technologies.
United Air, Moelis invest in electric air-taxi developer
Justin Bachman, Bloomberg News The Manhattan skyline stands past a United Airlines Holdings Inc. airplane on the tarmac at Newark International Airport (EWR) in Newark, New Jersey, U.S., on Tuesday, June 9, 2020. Airline losses are surging to unprecedented levels expected to be more than three times those following the 2008 global economic slump, according to the industry s main trade group. , Bloomberg
United Airlines Holdings Inc. is investing US$20 million in an electric-aircraft startup and may eventually buy as many as 200 of the companyâs small flying taxis to whisk customers to the airport in crowded cities.