Flying taxis to take to the sky in mid-2020s, says UK's Vertical Aerospace

Vertical Aerospace CEO Stephen Fitzpatrick poses for a photograph in London, Britain, October 12, 2021. Picture taken October 12, 2021. REUTERS/Hannah McKay

LONDON (Reuters) - Fed up with traffic jams? Imagine a world where your taxi takes to the skies and lands on top of your office building, recharges and sets off afresh.

That's the vision of Stephen Fitzpatrick, founder and CEO of Britain's Vertical Aerospace, which is set to raise $394 million in a merger with a blank-cheque New York-listed company, and who says his aircraft will be flying by the mid-2020s.