U.S. Transportation Secretary Sean P. Duffy and the Federal Aviation Administration have announced that eight proposals were selected as part of the new Advanced Air Mobility and Electric Vertical Takeoff and Landing (eVTOL) Integration Pilot Program (eIPP), which ams to develop futuristic aircraft.
This first-of-its-kind program, which was outlined in President Trump's Unleashing Drone Dominance Executive Order, is accelerating the safe integration of next-generation Advanced Air Mobility aircraft into the national airspace and ensuring the United States leads the way in aviation innovation.
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Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.