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0 0 0.000843881856539916 0.000843881856539916 -0.000843881856540116 -0.00309423347398029 -0.0123769338959214 -0.0104078762306612
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Beta CEO Sees Path to U.S. Electric Aircraft Leadership Amid Fuel Price Spike [Yahoo! Finance]

Beta Technologies, Inc. Class A (BETA) 
Company Research Source: Yahoo! Finance
For electric aircraft, though, it is an opportunity-one the U.S. is primed to take full advantage of, Beta Technologies CEO Kyle Clark said at the Semafor World Economy Summit in Washington, D.C., on Tuesday. Clark said the FAA will begin its electric vertical takeoff and landing (eVTOL) Integration Pilot Program (eIPP)-a series of real-world trials with precertified electric aircraft in 26 states -in September. The eIPP is just the latest in a string of welcoming developments for electric aircraft manufacturers, from regulatory clarity to volatility in the Middle East that is making sustainable technology a more viable investment. "People are aware…not to the fact that fuel is more expensive today. It's the fact that they just can't plan around the price of fuel," Clark said. "The cargo and logistics carriers say, ‘Look, absolve me of that risk associated with fuel prices and reduce the cost, and the volumes go way up.'" The situation is not all good. Clark told FLYING the com Show less Read more
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