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Frankfurter Allgemeine (FAZ) logo💼 Business
Germany💼 Business2 hr. ago

Hensoldt to fly Indian air taxi

The German defense and technology company Hensoldt has received an important order from India's ePlane Company, known as Ubifly, to supply avionics systems for their electric vertical takeoff and landing (eVTOL) aircraft, referred to as air taxis. The system includes navigation, positioning, and secure connectivity solutions for urban airspace, along with cameras to assist pilots during critical operations like takeoffs and landings. The project marks a transition from design to testing phase for ePlane’s prototype, the e200X, though ground tests must precede flight trials. Separately, a legal dispute over a small plot of land at the Hambach open-pit mine in Germany could escalate, involving the environmental organization BUND challenging whether material extraction for reclamation purposes qualifies under expropriation laws. Meanwhile, Asian stock markets reacted negatively to comments by U.S. Federal Reserve official Kevin Warsh suggesting potential interest rate hikes in September, leading to declines in indices such as South Korea’s Kospi. Lastly, biotech firm Biontech has paused clinical trials for a colorectal cancer therapy.

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Frankfurter Allgemeine (FAZ) logoFrankfurter Allgemeine (FAZ)Independent🔒Center2 hr. ago
Hensoldt to fly Indian air taxi

The German defense and technology company Hensoldt has received an important order from India's ePlane Company, known as Ubifly, to supply avionics systems for their electric vertical takeoff and landing (eVTOL) aircraft, referred to as air taxis. The system includes navigation, positioning, and secure connectivity solutions for urban airspace, along with cameras to assist pilots during critical operations like takeoffs and landings. The project marks a transition from design to testing phase for ePlane’s prototype, the e200X, though ground tests must precede flight trials. Separately, a legal dispute over a small plot of land at the Hambach open-pit mine in Germany could escalate, involving the environmental organization BUND challenging whether material extraction for reclamation purposes qualifies under expropriation laws. Meanwhile, Asian stock markets reacted negatively to comments by U.S. Federal Reserve official Kevin Warsh suggesting potential interest rate hikes in September, leading to declines in indices such as South Korea’s Kospi. Lastly, biotech firm Biontech has paused clinical trials for a colorectal cancer therapy.

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