**FAA Issues Final Rules for Electric-Powered Air Taxis**

In a significant move, federal regulators on Tuesday finalized regulations for operating electric-powered air taxis, along with guidelines for pilot training. Mike Whitaker, the head of the Federal Aviation Administration (FAA), emphasized that these new regulations mark the recognition of air taxis as a distinct type of aircraft poised to join airplanes and helicopters in the skies above. These innovative aircraft, which take off and land vertically like helicopters but cruise like airplanes, have faced regulatory ambiguities that have previously hindered their market entry.

Whitaker stressed that safety is a top priority as the FAA prepares to integrate these "powered-lift aircraft" into the nation's airspace. This marks the first new category of aircraft in nearly eight decades, harking back to the introduction of helicopters. The newly established rule is expected to facilitate the widespread operation of air taxis. Proponents of these aircraft tout them as a more environmentally friendly alternative to traditional passenger planes that rely on jet fuel. Although current technological limitations restrict their size, air taxis are envisioned to be particularly useful in urban settings for transporting people and cargo.

California-based Joby Aviation, a notable player in this emerging market, lauded the FAA's new regulation. CEO JoeBen Bevirt expressed that these rules would ensure the United States maintains its global leadership in the development and adoption of sustainable aviation technologies.

Airlines are also keen on the potential of air taxis. In 2022, Delta Air Lines committed to a $60 million investment in Joby Aviation. More recently, Toyota announced a significant investment of $500 million in the company. United Airlines has demonstrated its support for Archer Aviation, another California-based firm, by placing an order for 200 aircraft, a deal valued at $1 billion with an additional option for $500 million more.