Boeing assumes full ownership of eVTOL air taxi developer Wisk
Aviation giant Boeing has taken full ownership of electric takeoff and landing (eVTOL) aircraft developer Wisk – a step that closes out the role of cofounding backer Kitty Hawk in the startup’s activity.
Initially reported by FlightGlobal and tweets by eVTOL sector observers, the move transforms Boeing’s long-time position of financial and technical support of Wisk into that of a single shareholder. Kitty Hawk’s sale of its stake to Boeing for an undisclosed amount is a logical development, given the former’s decision last year to cease its work in moon-shot innovative aviation tech, and gradually wind the entire operation down. Since then, the company has largely existed only as a Wisk investor.
Despite what was likely a considerable chunk of change ponied up to buy Kitty Hawk’s position, it doesn’t appear Boeing making Wisk its fully owned subsidiary will radically change anything for the California company. As Wisk…