Flying taxis could soon be a reality in the U.S. after the Federal Aviation Administration (FAA) issued a final rule on Tuesday that establishes a new category of aircraft called "powered lift." Here'

Archer Aviation Inc. (NYSE: ACHR) today provided commentary on the much anticipated FAA release of the final powered-lift Special Federal Aviation Regulation (SFAR) which is the key operational piece of the regulatory puzzle for Archer and the rest of the industry to be able to firm up their plans for safely commercializing eVTOL in the U.

Federal regulatory update creates first new class of aircraft in 80 years, sets the stage for future of passenger and cargo transport

Federal regulators are giving a strong push to electric-powered air taxis by issuing a final rule for operating the aircraft and how pilots will be trained to fly them

The Federal Aviation Administration has published new rules that it calls “the final piece of the puzzle” toward allowing half-helicopter, half-airplane, electric “air taxis” to start whizzing through the skies.

The FAA says these “powered lift” vehicles will be the first completely new category of aircraft since helicopters were introduced in 1940. These aircraft will be used for a v

US regulators on Tuesday finalized regulations for "powered lift" vehicles, opening the door for commercial air taxis.

The Federal Aviation Administration on Tuesday issued long-awaited rules that will help pave the way for the commercialization of electric air taxis as soon as next year. Why it matters: This new form of transportation,

The Federal Aviation Administration (FAA) gave the fledgeling electric air taxi industry a boost Tuesday issuing a rule recognizing the vehicles as legitimate aircraft and outlining how they should operate and how pilots shall be trained.