- Farah - News Editor
Flying taxis no more. You'll just have to to walk around like some kind of caveman.
Chinese automotive and aerospace group Zhejiang Wanfeng Auto Wheel has acquired failed German air taxi developer Volocopter, a partner in Saudi Arabia’s NEOM giga-project, for $11 million. The sale follows Volocopter’s collapse into insolvency in December, raising questions over NEOM’s urban air mobility ambitions in its futuristic city development on Saudi Arabia’s north-western Red Sea coast.
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