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Boeing Walks Away From Flying Taxis After Pouring Millions In!

Boeing spent years positioning autonomous flying taxis as part of aviation’s future, including a $450 million investment in Wisk Aero in 2022. Now it is handing control of that bet to Archer Aviation. Under the proposed transaction, Archer will acquire Wisk, air-traffic software business SkyGrid and drone manufacturer Insitu, while Boeing will receive a nearly 20% stake in Archer, warrants and the right to nominate a director to Archer’s board. Boeing will also retain access to Wisk’s autonomous-flight technology. The deal, expected to close by the end of 2026, can therefore look like both an exit and a strategic repositioning. The timing is particularly notable because Boeing is simultaneously rebuilding aircraft production, reducing debt and working through a record $715 billion backlog.