On Wednesday, Airbus and Paris underground operator RATP announced that they will carry out a study to determine the feasibility of adding flying vehicles to Paris’ transport network.

Airbus, the European aerospace giant, fell victim to a series of cyberattacks by hackers who were trying to gain access to the company’s commercial secrets.

Three multinational conglomerates have agreed to collaborate in an ambitious attempt to develop electric aircraft. Airbus, Rolls-Royce and Siemens have announced that the partnership has been created in an effort to accelerate the development and subsequent deployment of hybrid-electric propulsion for commercial aircraft.

Audi, Italdesign and Airbus have combined their expertise to present "Pop.Up Next", which is an entirely electric, fully automatic concept for horizontal and vertical mobility.

According to some experts who gathered earlier this week in Texas for the South by Southwest Festival, flying taxis may indeed become a reality soon and they are expected to be available by 2025.