Thousands of Electric Aircraft Ready for Riyadh Expo 2030

FlyNow Aviation, an urban air mobility startup from Austria, is gearing up to provide thousands of electric helicopters to enhance mobility and sustainability during the Riyadh Expo 2030.
Yvonne Winter, Chief Operating Officer of FlyNow Aviation, revealed these plans to Asharq Al-Awsat on the sidelines of the 2024 Global Forum on Electric Vehicles and Mobility Technology held last week in Riyadh.
Winter mentioned that the company is set to establish a regional headquarters in Saudi Arabia within one to two months, alongside setting up an assembly line for local production and export to global markets from within the Kingdom.
FlyNow Aviation specializes in manufacturing, operating, and developing efficient, automated electric cargo drones and taxis, leveraging cutting-edge technology to ensure reduced manufacturing and operational costs.
Winter revealed that her company developed a family of electric aircraft known as “eCopter,” consisting of two types: a single-seat version and a dual-seat version capable of carrying passengers or cargo, with a payload capacity of up to 200 kilograms.
The aircraft include a fully battery-powered version currently capable of a 50-kilometer range for safety reasons. In the future, there will also be a hydrogen-powered version and a hybrid version combining both technologies, with the hybrid version offering a range of up to 200 kilometers and a flying speed of up to 130 kilometers per hour.
Winter described the eCopter as “extremely quiet.”
She emphasized the company’s focus on introducing a system to significantly improve ground conditions, especially in tackling traffic congestion.
Winter noted that while her company is finalizing the system, their initial rollout will prioritize cargo to minimize risks.
FlyNow Aviation seeks collaboration from various stakeholders—corporations, regulators, and government bodies—to shape laws, regulations, digital infrastructure, airport facilities, insurance systems, weather checks, and more.
The company plans to continue air freight operations for goods for the next two years, transitioning to passenger transport after completing hundreds of flights to enhance flying comfort and ease concerns.
She expects swift implementation, underscoring the importance of low-altitude economics, typically involving activities focused on civil aviation vehicles.
Moreover, Winter highlighted that the automotive industry of the past century will transform into urban air mobility in the future.
Saudi Arabia is poised to lead these transformations and the new economy in line with Vision 2030, she noted.
Saudi Arabia’s successful bid to host Expo 2030 in Riyadh will serve as a platform to showcase cutting-edge innovations, technologies, and contributions addressing global challenges across various sectors.
The event anticipates welcoming 40 million visitors globally, with a budget of approximately $7.8 billion.

Gold prices scaled an all-time high on Wednesday, with recent comments from Federal Reserve officials boosting bets of a US interest rate cut in September.

Spot gold was up 0.1% at $2,470.89 per ounce, as of 0046 GMT, after hitting a record peak of $2,473.18 earlier in the session. US gold futures rose 0.3% to $2,473.70.

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Fed Chair Jerome Powell said on Monday recent inflation readings "add somewhat to confidence" that the pace of price increases is returning to the Fed's target in a sustainable fashion, remarks that suggest a turn to rate cuts may not be far off.

The International Monetary Fund said on Tuesday that the global economy is set for modest growth over the next two years amid cooling activity in the United States, a bottoming-out in Europe and stronger consumption and exports for China, but risks to the path abound.

Thousands of Electric Aircraft Ready for Riyadh Expo 2030