Economy

Kitty Hawk reveals new Cora air taxi

Kitty Hawk reveals new Cora air taxi

Formerly Zee.Aero, Zephyr Airworks is Kitty Hawk's operator in New Zealand, although the companies haven't put a timeline on when it will be available for rides.

The aircraft uses self-flying software and 12 lift fans for a vertical take-off and landing, so a runway is not required.

A new all-electric autonomous aircraft built by the startup Kitty Hawk has been in testing for months.

Once it's in the air, a single propeller drives Cora at about 110 miles per hour, between altitudes of 500 and 3,000 feet.

Kitty Hawk, which has so far only demonstrated its piloted recreational hovercraft (a luxury item created to help it spur development of its autonomous air taxis) has been testing its autonomous electric passenger aircraft, which resembles a small plane with variable rotors that can go from a vertical alignment for take-off and landing, to a horizontal one for flying like an ordinary plane through the skies.

Early specifications show that the fully-autonomous aircraft is capable of reaching a top speed of 110mph and have a flight range of approximately 62 miles.

(NASDAQ:MSFT) Shares Sold by Financial Engines Advisors LLC
The rating was maintained by Citigroup with "Sell" on Friday, October 27. 0 analysts gave its stock an Outperform rating. The Arizona-based Mutual Of Omaha National Bank Wealth Mngmt has invested 0.42% in Microsoft Corporation (NASDAQ:MSFT).

Kitty Hawk had previously tested another flying vehicle prototype called the "Flyer" last April.

"We are offering a pollution free, emissions free vehicle that flies independently", Fred Reid, head of Kitty Hawk operations in New Zealand, said in a video posted on the company's website.

"Let's not forget this part of the world is where Richard Pearse first pioneered flying, something we honour with a sculpture within our airport terminal, so it's great to see this bold thinking being revealed here too", he says. The company led by Sebastian Thrun and backed by Google co-founder Larry Page returns today with a look at their new design.

"Cora is the beginning of a journey towards everyday flight, where air travel will be woven into our daily lives", the creators said in a statement.

Flight tests soon followed under an experimental airworthiness certificate from the New Zealand Civil Aviation Authority and the United States Federal Aviation Administration.


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