Transcend Air Corporation has announced that it has begun development on a six-seat vertical takeoff and landing (VTOL) concept designed to carry business travelers between major cities. The Transcend Air Vy 400 will be a piloted, turbine-powered model intended for four to five passengers. The company has also said it has plans to launch a commuter airline service in early 2024.
“This is a necessary and transformative addition to city-to-city transportation options,” said Transcend CEO Greg Bruell. “It solves multiple problems at once: We’ll take cars off congested roads, reduce pollution around airports and lower the cost of air transportation while drastically reducing travel times.” According to Transcend Air, it has built and flown 15 prototype VTOL aircraft since 2009.
The company says the tilt-wing Vy 400 will have a range of up to 450 miles and be able to cruise at 405 MPH. It will be powered by Pratt & Whitney PT6A-67F engines and be equipped with a BRS whole-aircraft parachute. The expected useful load for the aircraft is 2,200 pounds. The aircraft weighs 4,800 pounds empty and can carry 960 pounds of fuel. According to the company website, a Vy tripfrom New York to Boston would take 36 minutes and cost $283 per seat. Transcend Air plans to open the order book for the aircraft in late 2020 at a price of $3.5 million.