ArcosJet: ‘UAE will be a springboard for electric air taxi services’


Dubai-based aircraft brokerage ArcosJet believes the Middle East will become a launching pad for the first commercial eVTOL air taxi services.

The region, in particular the United Arab Emirates (UAE), is a favourable climate for the market with government supporting a transition to a more sustainable future, according to ArcosJet. The firm made the announce during this week’s Corporate Jet Investor Dubai 2024. ArcosJet is the exclusive deal to handle private sales in the UAE, Israel and Cyprus of German firm Lilium’s eVTOL aircraft which is currently under development.

Mikhail Alenkin (pictured centre), ArcosJet CEO and founder, said the UAE today is the world’s main hub for innovation, finance, transportation and finding solutions to environmental issues. The current economic conditions, the concentration of HNWIs, the high level of urbanisation and, of course, the interest in advanced sustainable technologies are the key drivers for the eVTOL market development in the region, he said.

“ArcosJet sees eVTOLs in general, and the Lilium Jet in particular, as a very effective tool for creating a modern, high-tech and sustainable system of advanced air mobility and last mile transportation in the region. Today, the Lilium Jet is one of the most remarkable and significantly developed programs when it comes to eVTOLs. The technical solutions, scope of work and goals are very impressive and convincing.” added Alenkin.

ArcosJet anticipates that eVTOLs will initially emerge in the UAE as a supplement for existing helicopter services, which are currently considered underdeveloped. The firm is also investing in developing an ecosystem for the operation and maintenance of helicopters and eVTOLs in the UAE.