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Cabdrivers don’t need to worry about being replaced by flying cars. Helicopter makers might need to a little bit.

Vertical Aerospace, a British startup devoted to the development of electric vertical-takeoff-and-landing vehicles, or eVTOL, has just received a preorder for 25 aircraft plus an option for 25 more from Bristow Group, a U.S.-owned operator of civil helicopters, the air-taxi company told The Wall Street Journal.

Vertical, which in June struck a deal with a blank-check investment vehicle to go public, already has announced preorders and options for 1,050 vehicles. Buyers include American Airlines, Virgin Atlantic and plane lessor Avolon Holdings, which said Tuesday that it had already placed 250 of them with Gol and Grupo Comporte, a Brazilian airline and transport operator, respectively.

Excerpt from WSJ

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