The following submission statement was provided by /u/lughnasadh:

Submission Statement

Should this technology work as envisaged, I would assume it will be considerably cheaper than existing aircraft designs. As with electric cars, fewer moving parts means easier to build and less need for maintenance.

Though I'm not sure that will make much difference to the economics of flying taxis. There are lots of reasons to question if they will ever make sense, from a business point of view, even with cheaper aircraft.

Please reply to OP's comment here: https://old.reddit.com/r/Futurology/comments/10iq1ok/seattlebased_jetoptera_is_developing_a_vertical/j5fpye4/