SK Telecom aims to launch Flying Taxi service in 2025
South Korean telecom giant SK Telecom is planning to launch a flying taxi service in 2025, hoping to generate significant revenue in the future.
The South Korean company is looking to expand its business beyond its traditional mobile service provider and target new areas such as artificial intelligence and flying taxis. These planes will require connectivity to a next-generation 5G network to operate and fly, eventually autonomously, where SK Telecom's expertise comes into play.
ph: Joby Aviation
Last year, SK Telecom and the US company Joby Aviation signed a cooperation agreement to develop air taxis for the Korean market. Joby Aviation is a manufacturer of electric vertical take-off and landing aircraft, which is believed to become the most advanced transportation option to avoid traffic jams. Together, the two companies are looking to leverage government support to develop new forms of transportation.
According to consulting firm Roland Berger, it is estimated that there will be nearly 160,000 electric drones in use worldwide by 2050, generating nearly $90 billion in annual revenue. Realizing the potential from a "fat" piece of cake, SK Telecom is hoping to become a pioneer and win a big piece of the pie. According to Ha Min-yong, if all goes well, air taxis could be a big source of revenue for the company, but not right now.
The Korean government is stepping up efforts to commercialize air taxis by 2025. SK Telecom and Joby Aviation are looking to comply with the government's regulations, safety standards, and certification requirements.
The partnership aims to integrate cutting-edge technologies such as 5G networks, autonomous driving, and artificial intelligence to create a safe, efficient, and environmentally friendly mode of transportation.
The successful development and launch of air taxis in South Korea is expected to revolutionize the way people travel and significantly impact various industries such as transportation, logistics, tourism, and more. With a robust infrastructure and a supportive government, SK Telecom and Joby Aviation are on track to make this futuristic vision a reality.
SK Telecom aims to launch Flying Taxi service in 2025
Emirates ramps up operations on every continent
Emirates, one of the leading airlines in the world, has been on a mission to expand its operations on every continent.
Emirates, one of the leading airlines in the world, has been on a mission to expand its operations on every continent.
Read more
United Airlines Stocks fell 7%
United Airlines, one of the largest airlines in the world, has reported a drop in its shares by 7% after the airline forecasted a loss in the first quarter of the year. The loss is believed to be linked to fewer flights than other months and soaring fuel costs.
United Airlines, one of the largest airlines in the world, has reported a drop in its shares by 7% after the airline forecasted a loss in the first quarter of the year. The loss is believed to be linked to fewer flights than other months and soaring fuel costs.
Read more
Air Travel at Singapore Changi Airport will fully recover by 2024
Singapore’s Changi Airport is set to see passenger traffic return to pre-pandemic levels by 2024 or potentially even earlier, according to Singapore's Transport Minister S. Iswaran.
Singapore’s Changi Airport is set to see passenger traffic return to pre-pandemic levels by 2024 or potentially even earlier, according to Singapore\'s Transport Minister S. Iswaran.
Read more
Autonomous Aircraft could take off by the end of this decade
Autonomous aircraft are the future of aviation which will help saving $35 billion a year, could take off by the end of this decade.
Autonomous aircraft are the future of aviation which will help saving $35 billion a year, could take off by the end of this decade.
Read more
Hungarian Airline Wizz Air will suspend Moldova flights from Mar 14
Wizz Air, a Hungarian low-cost airline, has announced that it will suspend all flights to and from Moldova beginning March 14th due to security concerns regarding rising tensions with Russia.
Wizz Air, a Hungarian low-cost airline, has announced that it will suspend all flights to and from Moldova beginning March 14th due to security concerns regarding rising tensions with Russia.
Read more
Airline Stocks become the favorite of the market
After some tough cost-cutting measures and the grounding of many planes, the demand for air travel is returning and airline stocks have begun soaring once again.
After some tough cost-cutting measures and the grounding of many planes, the demand for air travel is returning and airline stocks have begun soaring once again.
Read more
Global Air traffic forecasted to soon return to pre-pandemic levels
According to International Civil Aviation Organization (ICAO) forecast announced on February 2, airline passenger demand in 2023 will quickly recover to pre-COVID-19 levels and grow by about 3% compared to 2019.
According to International Civil Aviation Organization (ICAO) forecast announced on February 2, airline passenger demand in 2023 will quickly recover to pre-COVID-19 levels and grow by about 3% compared to 2019.
Read more
Emirates tests Flight with 100% Sustainable Aviation fuel
UAE has just completed a test flight running 100% on sustainable aviation fuel.
UAE has just completed a test flight running 100% on sustainable aviation fuel.
Read more
When will Electric Planes ready for takeoff in the Sky?
The electric passenger plane may be the biggest revolution in aviation since the invention of the jet engine, but there are still many obstacles before it can officially take off in the sky.
The electric passenger plane may be the biggest revolution in aviation since the invention of the jet engine, but there are still many obstacles before it can officially take off in the sky.
Read more