Blake Scholl: prediction

Transcript context

…What’s the main obstacle? Common sense or lack of common sense? No, lack of business model and alignment. We’ve socialized airports, and we’ve limited their revenue to $5.60 per in-plane passenger. This is why airports trap people in shopping malls, because it’s the only way for them to make any money. You have to privatize all of that infrastructure. You have to invent a new revenue model for airports. I don’t actually know what that is, but it needs to be created. I think something like VTOL is probably a key enabler, because we need places to build airports that are actually accessible from population centers. There’s a whole real estate problem to be solved here. I think the design aspects of this are the easy part. The hard part is, how do we unlock building, and how do we create a revenue model around this when we’ve got this entrenched model that is limited by regulation of literally what you can charge? I think the thin edge of the wedge here is creating supersonic terminals. That’s something I actually hope to work on, is creating a specific terminal that will be around Overture that will allow you to fly through the terminal and optimize for getting to the plane quickly? Imagine a guarantee if you’re there 15 minutes before the flight leaves, you’re actually going to make your flight. Delete all this other buffer time. When I move through security, that is not at supersonic speed. Precheck has gotten more crowded. Clear won’t actually take my application, and that’s more crowded, too. How do we make that part of flying quicker?…

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