Sky taxis land in time for the Paris Olympics - but will they take off?


Tariq Tahir
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The prospect of tiny helicopters flying around cities first popped up in Fritz Lang’s 1927 science fiction film Metropolis, but has never truly taken off.

However, a desire by French President Emmanuel Macron to ensure Paris can be shown to be at the forefront of technology and enterprise when the Olympics come to town in 2024 has made it a reality.

While former British prime minister Boris Johnson stuck on a zip-wire was an enduring aerial image of the London Olympics, visitors to Paris may see Mr Macron take to the skies in a flying taxi.

They are expected to whizz passengers over the city's rooftops on a jaw-dropping journey past its historic buildings, below 500 metres, before gently landing them on a specially built pontoon beside the River Seine.

The battery-powered aircraft have been developed by Germany’s Volocopter and will provide the world's first commercial flying taxi service.

Technically known as an electric vertical take-off and landing aircraft, it has body of a conventional helicopter but instead of rotors, it is powered 18 whirling battery-powered propellers.

Dirk Hoke, Volocopter’s chief executive, believes the Paris debut of its air taxi will display technology to the world and mark the dawn of a new era of "urban air mobility".

“This will change the world as we know it,” Mr Hoke told The National.

“Even if it doesn’t happen in one or two years, we will see it slowly ramping up towards the end of the decade and we will see a full acceleration in the 2030s.”

There are now dozens of companies at various stages of developing the aircraft and investment bank Morgan Stanley estimates the market for such planes could be $1.5 trillion by 2040.

But it looks like the VoloCity will steal a march on them, flying two routes in Paris from five new "vertiports".

One goes right into the heart of the city and the other between two of its airports.

The VeloCity at a test 'vertiport' in Paris before next year's Olympics. Volocopter
The VeloCity at a test 'vertiport' in Paris before next year's Olympics. Volocopter

At each vertiport there will be passenger terminals, with the showpiece location being the platform by the river.

Mr Hoke is excited by the prospect of seeing the VoloCity take passengers on the memorable ride into the heart of Paris.

“The most thrilling one in my opinion is the one flying into downtown because helicopters are not allowed downtown,” he said.

“That’s spectacular and something that’s going to be really exciting. I’m really looking forward to it.”

VoloCity will have a pilot and just one passenger on board – like the world’s first commercial flight in 1914 – with just enough room for hand luggage.

The six air taxis, with a range of 35km, will operate eight to 10 hours a day with dozens of flights each during daylight hours.

Batteries can be swapped in and out in five-minute pit stops to keep the craft in the air.

In the meantime, Mr Hoke is confident VoloCity is on track to obtain a safety certificate from the European Aviation Safety Agency. It has so far undergone 1,500 test flights.

Dirk Hoke believes we're at the dawn of a new era in flight. Volocopter
Dirk Hoke believes we're at the dawn of a new era in flight. Volocopter

“There’s no risk that we can delay our certification into 2025 and I guarantee we will get our certification in 2024,” he said.

“And it's not just some ministers who expect us to fly at this time, it’s also the French President.”

Having an air-taxi service at the Games was an idea Mr Macron was keen on to promote France as a tech start-up country.

Mr Hoke said Mr Macron was taken by the idea of urban air mobility as a way of demonstrating that to the world during the Games.

He has been pictured beside a VoloCity plane along with Mr Hoke, who invited him to be an early passenger.

“If we are commercially certified, I can’t see a good reason why this could not potentially be the case,” Mr Hoke said.

Volocopter has been conducting test flights at Neom. Volocopter
Volocopter has been conducting test flights at Neom. Volocopter

But he admits there is work to do to convince an often-sceptical public about the safety of the VoloCity.

“We understand people might be scared but the only way to convince them is for them to see us, like in Paris," Mr Hoke said.

"We have always done surveys of people before test flights and afterwards, and before it’s 50-50 and after they have witnessed it’s above 80 per cent.”

Volocopter is a company with big ambitions. It already has 700 staff and has secured a reported $762 million in investment, with the company valued at $1.7 billion.

In April the company opened its first assembly line, near Stuttgart in southern Germany, capable of producing 50 aircraft a year.

German engineer Mr Hoke joined the company in 2022 from Airbus, where he was chief executive of its defence and space division. He says he jumped at the chance to make history.

"How often do you get the chance to say your company is the first to do a commercial flight of a new concept? For me it was one of the reasons I joined Volocopter."

The routes that will be flown in the city Volocopter
The routes that will be flown in the city Volocopter

In June, Volocopter completed a series of flight tests in Neom, the futuristic city being built in Saudi Arabia, as part of the kingdom's push towards sustainable and smart mobility.

By the end of 2026, Volocopter will have developed six-seat aircraft with the aim of offering commuters the chance to beat the traffic, said Mr Hoke.

By the end of 2030 it hopes between 5,000 and 7,000 aircraft every year will be rolling off the production line.

Mr Hoke says that with the world moving towards a situation where 70 per cent of its population will soon live in cities, these aircraft will meet the demand for clean transport.

“The problem is that many of these cities have no option to grow their mass transportation systems," he said.

“So they will need alternatives because their streets are not the solution.

“If everyone has one or two vehicles our infrastructure will not be able to cope with that, so we will need totally new mobility concepts and we will be one that allows you more freedom.”

French President Emmanuel Macron, second left, views a VoloCity aircraft with Dirk Hoke, to his right.
French President Emmanuel Macron, second left, views a VoloCity aircraft with Dirk Hoke, to his right.

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Key facilities
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  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
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  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Need to know

When: October 17 until November 10

Cost: Entry is free but some events require prior registration

Where: Various locations including National Theatre (Abu Dhabi), Abu Dhabi Cultural Center, Zayed University Promenade, Beach Rotana (Abu Dhabi), Vox Cinemas at Yas Mall, Sharjah Youth Center

What: The Korea Festival will feature art exhibitions, a B-boy dance show, a mini K-pop concert, traditional dance and music performances, food tastings, a beauty seminar, and more.

For more information: www.koreafestivaluae.com

List of alleged parties

 

May 12, 2020: PM and his wife Carrie attend 'work meeting' with at least 17 staff 

May 20, 2020: They attend 'bring your own booze party'

Nov 27, 2020: PM gives speech at leaving party for his staff 

Dec 10, 2020: Staff party held by then-education secretary Gavin Williamson 

Dec 13, 2020: PM and his wife throw a party

Dec 14, 2020: London mayoral candidate Shaun Bailey holds staff event at Conservative Party headquarters 

Dec 15, 2020: PM takes part in a staff quiz 

Dec 18, 2020: Downing Street Christmas party 

Zidane's managerial achievements

La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017

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Fifa Club World Cup:

When: December 6-16
Where: Games to take place at Zayed Sports City in Abu Dhabi and Hazza bin Zayed Stadium in Al Ain
Defending champions: Real Madrid

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War and the virus

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Pearls on a Branch: Oral Tales
​​​​​​​Najlaa Khoury, Archipelago Books

Updated: August 18, 2023, 6:00 PM