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Image Credit: Bloomberg Quint

China Enters Era Of Flying Taxis, Grants Approval To Commercial Passenger Drones

  • China has granted approval for commercial passenger drones as part of their efforts to accelerate the development of the low-altitude economy.
  • Two companies, EHang Holdings and Hefei Hey Airlines, have obtained air operator certificates to operate autonomous passenger drones.
  • China's low-altitude airspace services are valued at $207 billion by 2025.
  • The move is in line with China's pursuit to be at the forefront of the world's 4th Industrial Revolution.

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