Could Air-Taxi Service Make a Comeback?

SAO JOSE DOS CAMPOS, Brazil—Very light jets (VLJ) were all the craze when Embraer launched the Phenom 100 and 300 in 2005. The company confidently predicted it would deliver 1,000 of the aircraft in 10 years and capture 36% of the world’s business jet market by deliveries. But few could have...

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