There was a real knee in the curve at 40% that led to much even more value for smaller aircraft, and they get there faster too.
, essentially a lot of air taxis using new Cirrus aircraft and small 4-5 passenger aircraft.
The liability rule changed in 1984, allowing new entrants to come into the market under different business conditions, and Cirrus was one of the first movers, founded in that year. It is now one of the biggest smaller plane manufacturers in the world. Antcliff says that they are incredibly innovative, leading in aircraft being built. From a customer perspective, they’ve enhanced the experience tremendously. They have full aircraft parachutes on their planes, as one example.
As a note, when the world’s deepest-pocket, best-run, largest-market cap transportation on demand company abandoned urban air mobility entirely prior to the spate of evtol SPACs in 2021, wise minds should have realized that this was a weird and deluded bubble.
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