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Nigeria’s CBN bans multi-operator PoS model to streamline agent banking
2 days ago
Takeoff is reportedly not far away for Turkey’s first flying car.
Eray Altunbozar’s AirCar Technology and Aviation last week announced it was taking pre-orders – all 100 prototype cars made available sold within days, priced at $99,000 each, AGBI reported on October 7.
In May, AirCar started its first crewed test flights of the all-electric flying vehicle, which has a range of 80 kilometres (49.7 miles).
A flying speed of 130km/h (80.8 miles/hour), a recharge time of 15 minutes, built-in collision-avoidance systems and an automatic parachute that deploys if there is a systems failure are other features of the AirCar.
In Turkey, such vehicles will be rated as light sporting aircraft. That means the driver will need a pilot’s licence.
AGBI noted that in 2019, Morgan Stanley forecast that what it described as autonomous urban aircraft could create an industry worth $1.5 trillion by 2040.
Altunbozar was cited as saying in response to that outlook: “The Morgan Stanley report foresees very strong growth, and we have our own real estimation but then also there is the issue of how much market demand there will be. We will act according to demand.”
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