10 Emerging Technology Investments for 2023 – #4: Airbus's Flying Car

This airborne vehicle from Airbus is designed for urban areas, with a focus on fast and emission-free travel.

Andrew Willis 28 February, 2023 | 4:38AM
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Andrew Willis: In the latest “10 for 2023” report from Sustainalytics, Martin Vezér and Poulomi Sengupta combed through Pitchbook and Sustainalytics to find you the stocks behind your future air taxi ride.

Last week, we discussed the “ev Take Off and Landing (evTOL)” industry, with Italian aerospace firm Leonardo (FINMY) leading on important product governance aspects of the emerging business. But Airbus (EADSY) isn’t far behind on product governance - and its own zero-emissions flying machine.

In September 2021, the “CityAirbus NextGen” prototype was launched, with a specific focus on quick and quiet mobility in urban areas. Their latest prototype promises a product with an operational range of 80 kilometres and a cruise speed of 120 km/hr while producing zero emissions.

While Airbus works on the next prototype, we like the company’s safety policy, which includes objectives and training for employees and third parties, and the firm’s ISO-certified worksites.

Sustainalytics grades product governance at Airbus as low risk but sees the company’s overall ESG risks on the medium side. The report also takes note of recent legal matters and order cancellations with Qatar Airways over alleged paint defects – which is a quality and safety issue for investors to consider. Meanwhile, next week’s emerging industry has its own fair share of growing pains.

For Morningstar, I’m Andrew Willis.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Airbus SE ADR39.24 USD2.21Rating
Leonardo SpA ADR11.70 USD3.72

About Author

Andrew Willis

Andrew Willis  is Senior Editor at Morningstar Canada. He previously produced content for Fidelity Investments and finance industry events for Euromoney Institutional Investor and has written in the past for Thomson Reuters and CNN. Follow him on Twitter @Andrew_M_Willis.

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