Latest news with #AdvancedAirMobility
Barnama
21-05-2025
- Business
- Barnama
Futurise, MIGHT Launch Industry Report, Boost Malaysia's Air Mobility Ecosystem
REGION - NORTHERN > NEWS LANGKAWI, May 21 (Bernama) -- Futurise Sdn Bhd and the Malaysian Industry-Government Group for High Technology (MIGHT) have launched the Advanced Air Mobility (AAM) Industry Report, a strategic step forward in shaping the future of Malaysia's air mobility ecosystem by leveraging innovation, forward-looking regulatory insights and industry expertise to drive sustainable growth. In a joint statement, in conjunction with the Langkawi International Maritime and Aerospace (LIMA) 2025 Exhibition today, Futurise acting chief executive officer Shafinaz Salim said the AAM report outlines Malaysia's advanced air mobility initiatives and explores challenges faced by industry stakeholders. 'It also provides a long-term outlook for the industry over the next 20 years and offers strategic recommendations to integrate AAM into the nation's future development agenda,' she said, adding that the rapid global development of AAM indicates a significant market potential. bootstrap slideshow According to the statement, in 2022, the global AAM market was valued at US$8.15 billion and is projected to grow at a compound annual growth rate (CAGR) of 24.6 per cent from 2023 to 2035, reflecting its transformative impact. "In Malaysia, AAM holds the promise of substantial economic benefits. Between 2021 and 2040, the introduction of AAM is projected to contribute an additional RM70 billion in revenue, representing 1.9 per cent of total national income. "The sector is also expected to contribute RM34 billion in added value to the economy, equivalent to 2.3 per cent of the nation's gross domestic product (GDP)," it said. From an income generation perspective, AAM activities could inject RM14 billion in wages, accounting for 2.3 per cent of total national income, particularly benefiting workers involved in infrastructure development and operations. These projections highlight AAM's potential as a catalyst for new economic growth, enhanced productivity, and the creation of high-quality jobs. Shafinaz further noted that increasing investments from companies, venture capitalists, and governments reflect the sector's economic potential.
New Straits Times
20-05-2025
- Business
- New Straits Times
MIGHT launches reports to guide Malaysia's high-tech sector
KUALA LUMPUR: The Malaysian Industry-Government Group for High Technology (MIGHT) has released four strategic reports aimed at guiding the development of high-technology sectors in Malaysia. In a statement, MIGHT said the reports serve as reference points for policymakers, investors and industry players, offering data-driven insights on market size, growth potential, competitiveness and sector challenges. The reports launched are the Advanced Air Mobility (AAM) Industry Report, Exploring Malaysia's Space Frontiers 2024/2025, Aerospace Technology and Innovation Report 2025/2026, and Malaysian Shipbuilding and Ship Repair Industry Report 2025/2026. MIGHT co-chairman Tan Sri Ahmad Tajuddin Ali said the reports highlight key technologies and policy gaps that need to be addressed to strengthen Malaysia's high-tech ecosystem. On the maritime sector, he noted growing emphasis on eco-friendly ship designs, renewable energy integration and green vessels to boost sustainability and competitiveness. He also said the AAM report outlines the sector's potential in public transport, national security and logistics, while also pointing to hurdles such as outdated regulations, infrastructure limitations and a lack of local talent. "Our main focus is to overcome these barriers so Malaysia can emerge as a regional leader in the AAM sector," he said.
Yahoo
15-05-2025
- Business
- Yahoo
Sinclair College partners with BETA for aviation training expansion
DAYTON, Ohio (WDTN) – Sinclair Community College is expanding its aviation training program through a partnership with an aerospace manufacturing company. Sinclair purchased one of Beta Technologies' electric ALIA Conventional Takeoff and Landing Aircraft and a flight simulator. Sinclair said this partnership will give students a pathway to earn familiarization training and credentials in e-aviation, and conduct research & development in autonomous tech. Sinclair awarded $1.5M for aviation training, campus improvements 'The recent purchase of a Beta flight simulator and Beta aircraft by Sinclair Community College is another great step toward advancing Dayton's role as the future of flight,' said U.S. Rep. Mike Turner. 'These systems will enable more students to gain critical training and education in Advanced Air Mobility programs, which is essential for integration into the National Airspace System.' The college was able to secure $2 million in federal funding for this project through Turner's support. This partnership will help equip the next generation of aviation workers in Dayton and beyond. 'The growth of this market is essential not only for improving urban and rural transportation, cargo logistics, and emergency services, but also for driving economic progress by enabling new infrastructure, generating jobs, and fostering collaboration between the public and private sectors, as in this case through our partnership with Beta,' said Jeffrey A. Miller, Senior Vice President of Workforce Development and Consulting at Sinclair College. 'We are thrilled to establish this novel partnership to advance the interests of industry, government, and academia.' To learn more about Sinclair Community College's aviation programs, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Time of India
07-05-2025
- Business
- Time of India
JetSetGo launches community-driven platform for advanced air mobility
MUMBAI: Private jet and marketplace on Tuesday announced the launch of a community-driven platform and website dedicated to in the country. Advanced Air Mobility (AAM) refers to climate-friendly air transportation. Tired of too many ads? go ad free now According to JetSetGo, the new platform, , aims to bring together industry stakeholders, advocates for advanced air mobility, and enthusiasts for a collaborative push toward sustainable, accessible and affordable urban and . The platform is structured around four core pillars with the resource section acting as a one-stop hub for AAM-related news, blogs, and updates, while the platform will also aggregate global AAM content and plans to introduce a video library in phases, it said. "We envision it as a lively community where people share knowledge, express ideas, debate the issues and accelerate India's leadership in building future-ready, clean, and connected air mobility solutions," said Kanika Tekriwal, Founder of JetSetGo. The initiative complements the broader national goal of democratising air travel, as seen in transformative initiatives like the UDAN regional connectivity scheme, the company said. "As India prepares to embrace AAM, we need a space where innovators, regulators, businesses, and citizens can interact openly on the opportunities and the challenges. This community will be the key to shaping the community engagement and trust that this next era of aviation demands," said Jonathan Sumner, Chief Strategy Officer of JetSetGo. The platform will also feature discussions tailored to local priorities, such as enhancing medical transport in remote areas or reducing commute times in metropolitan hubs, alongside global AAM developments. AI assistant 'Ami', which is under development, will guide users through the platform, collect interaction data to support research and development and help forecast user needs, JetSetGo said.
Dubai Eye
24-04-2025
- Business
- Dubai Eye
Flying taxis closer to takeoff as Abu Dhabi approves design for hybrid heliport
The UAE has approved the design for the country's first hybrid heliport, marking a step forward in the rollout of flying taxi services planned to begin by 2026 The heliport will be located at Abu Dhabi Cruise Terminal at Zayed Port. It's part of the broader Abu Dhabi Air Taxi project and is designed to accommodate both conventional helicopters and electric vertical take-off and landing (eVTOL) aircraft, General Civil Aviation Authority (GCAA) announced. It is expected to offer faster transit options for visitors arriving by sea, with direct access to nearby landmarks such as the Louvre Abu Dhabi and Saadiyat Cultural District. Developed in partnership between Abu Dhabi Ports Group, Falcon Aviation Services, and Archer Aviation, the site was chosen for its proximity to key tourist destinations and high foot traffic, with Zayed Port welcoming more than 650,000 cruise passengers annually. Archer CEO Adam Goldstein highlighted that adapting existing aviation sites, like the cruise terminal heliport, is a key strategy for accelerating air taxi deployment. 'It allows us to move both quickly and safely — getting critical infrastructure ready ahead of our planned commercial air taxi launch,' he said. The heliport's upgrade comes amid growing interest in Advanced Air Mobility (AAM) as cities globally explore new transport models to ease congestion and reduce emissions. The Abu Dhabi Air Taxi project aims to connect major parts of the city through short-hop flights using quiet, battery-powered aircraft.
