Move over Star Wars – the future of flying is set to play out in the skies over Dubai.
With enough space for a pilot and four passengers, and with expected speeds of up to 322kph, Joby Aviation’s flying taxis – or electric vertical take-off and landing (eVTOL) aircraft – could revolutionise not only air travel but the travel industry in general.
Dubai is one of the first cities in the world to commit to using flying taxis and work is under way to build vertiports or launch pads at four locations across the emirate.
But while some of the first commercial experiences of the flying taxis are expected to play out in Dubai, the building of these game-changing vehicles is happening in a surprising part of the world: last month, Joby Aviation announced a new, $500 million facility to build its eVTOLs – not in California, where it is headquartered, but in corn country in south-west Ohio.
The new plant, to be constructed close to an airport outside the city of Dayton, will employ up to 2,000 people and pump out 500 aircraft a year. Joby Aviation hopes to launch commercial flights in 2025.
But why Ohio, thousands of kilometres from established tech centres in Silicon Valley or New York?
The answer partly lies in history. America’s first plane factory was built by Orville and Wilbur Wright in Dayton in 1910, where the brothers turned out four planes a month.
Several years prior, the Wright brothers became the first people to successfully fly a manned aircraft at Kitty Hawk, North Carolina, changing the course of human history.
“Dayton has a tremendous history in aviation – it’s the birthplace of flight where the Wright brothers worked to develop and test their revolutionary aircraft,” a Joby Aviation representative told The National.
Tradition aside, Dayton and surrounding cities have long-standing aviation infrastructure.
Wright-Patterson Air Force Base, the largest single-site employer in Ohio, has attracted a growing ecosystem of aviation and aerospace start-ups and other companies in recent years.
Dubai's flying taxi could connect emirate's major tourist spots – video
The US Air Force Research Laboratory, a key military research and development facility that is headquartered at the base, has played a key role in developing the flying taxis.
“We received tremendous support in Ohio at every level of the community. We have a history here, working in Ohio since 2020 through our [Department of Defence] contract,” the Joby Aviation representative added.
“The existing talented workforce played an important role, as did our ability to secure a site that’s on an airport, with an initial facility built and ready to go that is close to Wright-Patterson.”
Perhaps just as consequential are the generous tax breaks the state has promised Joby, thought to amount to more than $200 million through a range of programmes and avenues.
Ohio beat out bids from North Carolina, Michigan and California to host the new plant.
Joby has been testing its aircraft alongside Nasa engineers in Ohio for years. In nearby Springfield, the US Air Force has been involved in building a new National Advanced Air Mobility Centre of Excellence, which will serve as a working home for companies from South Korea and elsewhere.
The company’s stocks have soared in recent months since the US Federal Aviation Administration approved its flying taxis for initial testing. In 2020, the company received funding from Saudi Arabia's Jameel Investment Management Company.
But none of this means the revolution in transport will be quick and painless.
Like any airborne vehicle used commercially, safety requirements and regulations are likely to be extremely high.
Meeting such requirements is likely going to require highly educated and skilled workers, whether they are trained in-house or at local colleges and universities. Some experts believe that may be a challenge.
“I think a lot of these roles are going to be a lot more high-tech than what it was in the past,” said Annelies Goger of Brookings Metro, a Washington-based think tank, referring to the factories that built vehicles across the Midwest throughout the 20th century.
“The challenge is going to be how you find people who have skills.”
The history and culture of manufacturing in America’s Midwest may help: with world-leading vehicles and other technology produced in the industrial heartland for decades, there is an ingrained culture of production and innovation – at least among older residents – that companies such as Joby may look to revive when it comes to recruiting talent.
“Given the dynamics of the labour market right now and the demographics that younger generations are smaller than baby boomers, it’s going to be interesting to see how they message and recruit people and how they market the plant,” Ms Goger said.
Meanwhile, Joby Aviation has been moving closer to its end goal of getting paying passengers into its aircraft and into the skies.
Last month, it announced the delivery of its first aircraft to the US Air Force. This month, it released footage of the first manned flights of its eVTOLs in California – until now, the aircraft had been controlled remotely from engineers on the ground.
The company was recently feted as a solid investment stock, and a partnership with Delta Air Lines that would give customers travelling in New York and Los Angeles the opportunity to use the flying taxis to get to and from airports is sure to garner headlines.
From their eternal resting places on a hillside in Dayton, the original aviators, the Wright brothers, must surely be proud.
The Birkin bag is made by Hermès.
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.
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Gertrude Bell's life in focus
A feature film
At one point, two feature films were in the works, but only German director Werner Herzog’s project starring Nicole Kidman would be made. While there were high hopes he would do a worthy job of directing the biopic, when Queen of the Desert arrived in 2015 it was a disappointment. Critics panned the film, in which Herzog largely glossed over Bell’s political work in favour of her ill-fated romances.
A documentary
A project that did do justice to Bell arrived the next year: Sabine Krayenbuhl and Zeva Oelbaum’s Letters from Baghdad: The Extraordinary Life and Times of Gertrude Bell. Drawing on more than 1,000 pieces of archival footage, 1,700 documents and 1,600 letters, the filmmakers painstakingly pieced together a compelling narrative that managed to convey both the depth of Bell’s experience and her tortured love life.
Books, letters and archives
Two biographies have been written about Bell, and both are worth reading: Georgina Howell’s 2006 book Queen of the Desert and Janet Wallach’s 1996 effort Desert Queen. Bell published several books documenting her travels and there are also several volumes of her letters, although they are hard to find in print. Original documents are housed at the Gertrude Bell Archive at the University of Newcastle, which has an online catalogue.
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.”
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Prop idols
Girls full-contact rugby may be in its infancy in the Middle East, but there are already a number of role models for players to look up to.
Sophie Shams (Dubai Exiles mini, England sevens international)
An Emirati student who is blazing a trail in rugby. She first learnt the game at Dubai Exiles and captained her JESS Primary school team. After going to study geophysics at university in the UK, she scored a sensational try in a cup final at Twickenham. She has played for England sevens, and is now contracted to top Premiership club Saracens.
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Seren Gough-Walters (Sharjah Wanderers mini, Wales rugby league international)
Few players anywhere will have taken a more circuitous route to playing rugby on Sky Sports. Gough-Walters was born in Al Wasl Hospital in Dubai, raised in Sharjah, did not take up rugby seriously till she was 15, has a master’s in global governance and ethics, and once worked as an immigration officer at the British Embassy in Abu Dhabi. In the summer of 2021 she played for Wales against England in rugby league, in a match that was broadcast live on TV.
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Erin King (Dubai Hurricanes mini, Ireland sevens international)
Aged five, Australia-born King went to Dubai Hurricanes training at The Sevens with her brothers. She immediately struck up a deep affection for rugby. She returned to the city at the end of last year to play at the Dubai Rugby Sevens in the colours of Ireland in the Women’s World Series tournament on Pitch 1.
Results
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'Avengers: Infinity War'
Dir: The Russo Brothers
Starring: Chris Evans, Chris Pratt, Tom Holland, Robert Downey Junior, Scarlett Johansson, Elizabeth Olsen
Four stars
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Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
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