The Aussie designed and developed Pegasus E flying police car has been awarded a certificate of airworthiness by the Civil Aviation Safety Authority (CASA) as an experimental aircraft, meaning its creators can now proceed with its commercialisation.
Pegasus says a key goal on its way to commercial production and use is airworthiness registration with the US Federal Aviation Administration (FAA), which it claims would be a world-first for a fully vertical take-off and landing (VTOL) vehicle, such as the many ‘flying cars’ currently being developed by a range of auto and tech companies.
“Just as important is the fact that FAA certification would further position Pegasus flying cars for the growing global market, which Morgan Stanley expects to be worth nearly $US1 trillion by 2040,” Pegasus said in a statement.
The Melbourne-based flying car maker also revealed its engineering team was working on a four-seat ‘Air Taxi’ prototype, which a spokesperson said should be completed by the end of the year in anticipation of its commercialisation in 2024 and industry milestones including CASA’s Remotely Piloted Aircraft Systems (RPAS) and Advanced Air Mobility (AAM) Strategic Regulatory Roadmap.
Pegasus says it is paying particularly close attention to the near-term focus on the establishment of aircraft safety and operational standards “that support the growth of air taxi networks as a new mode of transportation”.