reuters.com

Boeing Offloads Wisk Aero and Other Subsidiaries, Exiting Flying Taxi Plan

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Boeing is offloading three subsidiaries, including electric aircraft maker Wisk Aero, after spending millions on flying taxi plans. The company led by Kelly Ortberg put $450 million into Wisk in 2022 and later bought it outright, while Archer and the broader sector have burned cash without regulator approval for passenger service. Archer will instead inherit a profitable drone maker.

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