Rolls-Royce unveils hybrid flying taxi
FARNBOROUGH, United Kingdom (AFP) – Britain sought to project an image of aerospace prowess long after it leaves the European Union, at the Farnborough airshow on Monday, as Airbus and Boeing announced a raft of deals and issued optimistic outlooks for the global industry.
China's Sichuan Airlines said it will be buying 10 A350 long-haul planes with a list price of $2.8 billion, while India's Vistara signed a letter of intent to purchase 13 single-aisle A320neo aircraft.
Taiwan's Starlux Airlines, which is developing a network across Asia and North America, said it had signed a memorandum of understanding for the purchase of 17 Airbus planes – 12 A350-1000s and five A350-900s.
The Airbus deals announced at Farnborough, southwest of London, would add up to more than $17 billion at catalogue price for the planes if all orders are confirmed and prior to large discounts traditionally handed to purchasers.
Airbus's US rival Boeing also announced a series of impressive deals including 14 777s to DHL for $4.7 billion, 30 737 MAX for Jackson Square Aviation for $3.5 billion.
"We continue to see the aerospace market grow very strongly," Boeing's chief executive Dennis Muilenberg said on the eve of the Farnborough show, echoing similar comments by Airbus.
No-deal warnings But Farnborough is taking place in the shadow of a trade war between China and the United States as well as Britain's stalled negotiations to exit the European Union.
Airbus, which employs some 15,000 people in Britain, has warned it would reconsider investments in Britain if it crashes out of the European Union next year with no deal.
Airbus chief executive Tom Enders last month said the government had "no clue" over its Brexit plans.
After Prime Minister Theresa May unveiled more conciliatory proposals last week for Britain to retain strong trading ties with the EU after Brexit, Enders however said that the government was now "going in the right direction."
In a tweet he urged EU negotiators in Brussels and other European coun- tries to be "similarly pragmatic & fair."
Organizers also warned that aircraft could stop flying if May fails to clinch an adequate Brexit deal with Brussels.
"Our worst case scenario is genuinely – and it is not alarmist or scare mongering – that aircraft will not fly," said Farnborough International chairman Paul Everitt, who is also head of aerospace, defence and space trade body ADS.
May sought to play down concerns with an optimistic message in her inaugural speech at the show.
"We're leaving the European Union and forging a new future for our country and, as we do so, want to ensure that the UK remains one of the best places in the world for aerospace companies to do business," she told participants.
She said Britain wanted to "continue as world leaders in innovation" and announced £343 million ($456 million, 389 million euros) in public-private investment in innovative research and development, including new electric aircraft technology.
May also announced a new £2.0 billion program with Italy's Leonardo to design a new generation fighter jet, following speculation that Brexit could disrupt cooperation in this field.
FARNBOROUGH, United Kingdom (AFP) – British engine maker RollsRoyce revealed plans this week to develop a hybrid electric vehicle, dubbed the ''flying taxi,'' which takes off and lands vertically and could be airborne within five years.
The London-listed aerospace giant, which is based in Derby in central England, showed off the plans at the Farnborough Airshow for the first time, as other players also rush into the market segment.
Rolls said it hoped to manufacture a prototype version of its electric vertical take-off and landing (EVTOL) vehicle within the next 18 months, and could potentially take to the skies in the early 2020s.
The Rolls-Royce EVTOL plane will seat four or five people, with a flying range of 500 miles (805 kilometres) and a top speed of 200 miles per hour.
''In this market, you will see something like this flying within three to five years, and we will demonstrate the system in two years,'' said Rob Watson, head of Rolls-Royce's electrical team.
''At the end of next year we will be flight ready,'' he told AFP at the group's Farnborough chalet.
The hybrid vehicle, which has so far cost single-digit millions of pounds to develop, will use a traditional gas turbine engine with an electrical system wrapped around it.
Rolls-Royce is also researching an all-electric product but that is not as advanced as the EVTOL offering.
''There is an emerging market for all-electric planes but we believe that you need a level of requirement that an all electric system cannot really provide today,'' Watson told AFP.