SIR Richard Branson is planning to launch a network of air taxis in the UK, with flights from London and Manchester.
A full-scale prototype is in production.
The first test flight is set for later this year.
UK economy grew 2.3% in April as lockdown restrictions eased
Virgin Atlantic said: “The goal is to enable sustainable, price competitive, regional connectivity across the first and last 100 miles of the customer journey.”
Vertical’s CEO Stephen Fitzpatrick said: “This is the most exciting time in aviation for almost a century; electrification will transform flying in the 21st century in the way the jet engine did 70 years ago.”
Virgin Atlantic could acquire up to 150 of the aircraft.