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Re: Prudent Capitalist post# 248

Tuesday, 04/13/2021 7:12:05 PM

Tuesday, April 13, 2021 7:12:05 PM

Post# of 328
Likely why UPS stock is hot this week:

"Electric Vertical Aircraft Gain Momentum After UPS Order"

"Vermont-based Beta Technologies has announced a second order within a week for its electric vertical takeoff and landing (eVTOL) aircraft. Last week, an order from United Parcel Service (NYSE:UPS) helped to validate the technology, according to Beta founder Kyle Clark. Today, Blade Urban Air Mobility announced plans to become the first to use the technology for passenger transport.

Blade is an urban air mobility platform that currently offers helicopter, seaplane, and executive jet service in select locations including New York City, Los Angeles, South Florida, and vacation destinations like Aspen, Colorado. The companies announced that Blade has ordered up to 20 of Beta's passenger-designed Electric Vertical Aircraft (EVA) with delivery beginning in late 2024. Last week, UPS agreed to take 10 cargo models of the aircraft, also scheduled to begin arriving in 2024, with an option to purchase up to 150 in total. "

https://www.fool.com/investing/2021/04/13/electric-vertical-aircraft-gain-momentum-after-ups/

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