SkyDrive's SD-03 model electrical vertical takeoff and landing vehicle. Photo: SkyDrive/CARTIVATOR via Reuters 

SkyDrive has successfully tested its flying car with a passenger on board, the Japanese company announced in a news release.

Why it matters: The modest test — four minutes in the air — brings humanity one step closer to one day combining the automobile and airplane, potentially doing away with the hassle of airports, commercial pilots and traffic jams, according to AP.

How it works: SkyDrive's SD-03 model vehicle, operating with eight motors and two propellers on each corner, lifted a single pilot about 10 feet into the air, according to the New York Times.

  • Because the vehicle takes off vertically, it does not require long runways like current commercial and private airplanes.

What they're saying: SkyDrive’s chief executive Tomohiro Fukuzawa told AP that “Of the world’s more than 100 flying car projects, only a handful have succeeded with a person on board."

  • Fukuzawa added that he hopes flying cars can be sold as a product by 2023, but it currently can only fly for around five to 10 minutes.
  • Fukuzawa said the machine will have more commercial potential if the company can increase flight time to 30 minutes.

The big picture: Several companies, including Boeing, Airbus, Toyota, Porsche and numerous small startups in Silicon Valley, are developing similar technology.

  • Boeing CEO Dennis Muilenburg told Axios in 2019 that he envisions the skies in U.S. cities filled with electric, autonomous flying vehicles in just a decade, ferrying people to their destination and averting congested roads.

Go deeper: Miami may be the perfect city to test out flying cars

Go deeper

Boeing's one-two punch

Illustration: Aïda Amer/Axios

The grounding of Boeing’s 737 MAX was the worst crisis in the plane-maker’s century-long history. At least until the global pandemic hit.

Why it matters: Wall Street expects it will be cleared to fly again before year-end. Orders for what was once the company’s biggest moneymaker were expected to rebound after the ungrounding, but now the unprecedented slump in travel will dash airlines’ appetite for the MAX and any other new planes, analysts say — putting more pressure on the hard-hit company.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 12 a.m. ET: 33,282,969 — Total deaths: 1,000,867 — Total recoveries: 23,066,203Map.
  2. U.S.: Total confirmed cases as of 12 a.m. ET: 7,148,009 — Total deaths: 205,069 — Total recoveries: 2,794,608 — Total tests: 102,342,416Map.
  3. Business: Companies are still holding back earnings guidance.
  4. Health: Trump announces plan to distribute 150 million rapid tests —The childless vaccine.
  5. Media: Fauci: Some of what Fox News reports about COVID-19 is "outlandish"
  6. States: Cuomo extends New York moratorium on evictions until 2021.
  7. World: More than 1 million people have now died from coronavirus — India the second country after U.S. to hit 6 million cases.

Bob Woodward: "I was not going to hide" my opinion on Trump

Bob Woodward didn't want to join Senate Republicans in privately condemning President Trump but declining to do so publicly, he told Jonathan Swan in an interview for "Axios on HBO."

Why it matters: Woodward has covered 9 presidents, but Trump is the first that Woodward explicitly described as "the wrong man for the job."

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!