Air Freight News

BT to take stake in drone superhighway pioneer

BT Group Plc plans to take a stake in drone startup Altitude Angel Ltd. as part of an agreement to invest in the developer of a proposed aerial superhighway linking key UK logistics hubs.

BT will provide Altitude Angel with £5 million of financing in return for a stake in the business as part of a series B fundraising, with the telephony giant taking a seat on the smaller firm’s advisory board, the companies said Wednesday.

The investment will accelerate the roll-out of Altitude Angel’s Arrow technology, which aims to detect and identify drones using cameras and sensors mounted on BT phone masts, allowing the craft to operate over large distances while avoiding collisions between themselves or with crewed planes.

The proposed Skyway drone corridor currently under development would be the world’s biggest, spanning 165 miles between logistics interchanges in southern and central England, with planned extensions to Southampton and Ipswich, providing onward transport for items arriving at nearby container ports.

Drones would carry cargo and retail consignments, transport medical supplies and undertake missions in areas including search and rescue, agricultural analysis and architectural planning.

Under the deal, BT will also be the main reseller of Altitude Angel software and its director of drones, Dave Pankhurst, will join the startup’s board.



© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

Flood damage at Auckland Airport halts international flights

New Zealand’s biggest airport delayed the reopening of its international terminal Saturday because “critical components” of the infrastructure were damaged by severe flooding after a sudden summer storm.

View Article
Italy starts talks with Lufthansa to sell minority stake of ITA

Italy initiated talks with Deutsche Lufthansa AG to sell a minority stake of ITA Airways, the successor of Alitalia SpA, in a move that may kick off aviation industry consolidation…

View Article
Alaska Air CEO says Silicon Valley business travel has dried up

The head of Alaska Airlines says Silicon Valley technology companies have “turned off” their business travel, and it could be as much as another year before they start booking trips…

View Article
Zongteng Group chooses WFS for Boeing 777F freighter flights as e-Commerce cargo boosts
View Article
Boeing-DOJ ‘sweetheart deal’ decried by victim’s wife

Naoise Connolly Ryan told a Texas judge she’s refused any of the $500 million Boeing Co. was required to set aside to compensate families of 737 Max crash victims under…

View Article
Auckland Airport halts domestic, international flights on floods

Auckland Airport said it would halt domestic and international flights until noon on Saturday after New Zealand’s biggest city was hit by incessant rain that flooded the terminal buildings.

View Article