FAA To Approve Use Of Drones On Film Sets

FAA To Approve Use Of Drones On Film Sets
<a href="https://pixabay.com/users/JonasF/">JonasF</a> / Pixabay

In response to seven recent requests for permission, the FAA will reportedly allow flights by drones that weigh less than 55 pounds, fly no faster than 57 mph and go no higher than 400 feet.

The seven companies that requested permission include Flying-Cam Inc., which has previously used drones abroad to film segments of the James Bond film Skyfall.

Quant ESG With PanAgora Asset Management’s George Mussalli

investValueWalk's Raul Panganiban interviews George Mussalli, Chief Investment Officer and Head of Equity Research at PanAgora Asset Management. In this epispode, they discuss quant ESG as well as PanAgora’s unique approach to it. The following is a computer generated transcript and may contain some errors. Q3 2020 hedge fund letters, conferences and more Interview . Read More

In the U.S., the drones will only be used on closed film sets, and not flown over populated areas. Filming overhead shots will become far easier and vastly cheaper than using helicopters and planes.

Wider ramifications

Should the requests be approved it would open the door to further development of drone technology in other businesses, such as delivery services.

Douglas Marshall, division manager of unmanned aviation regulations and standards at New Mexico State University, said in an interview that the action is a “huge step”. Interim approvals could follow because formal regulations on the use of unmanned aircraft in business is reportedly at least a year away.

DHL recently announced a drone delivery service in Germany, which is the first time that drones have been authorized to carry goods in Europe, and insiders are enthused by the possibility of developing similar services in the U.S.

Economic opportunity created by use of drones

The Association for Unmanned Vehicle Systems International, or AUVSI, forecast that in the first ten years after the FAA approves commercial flights, drones will create 100,000 new jobs and $82 billion in economic impact.

The Arlington, Virginia-based trade group is understandably excited by the predicted ruling, with president and chief executive officer Michael Toscano stating that “the (drone) industry is very supportive of this”.

Support for the ruling has also come from the Small UAV Coalition, whose members include Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) and camera-maker GoPro Inc (NASDAQ:GPRO). UAV stands for unmanned aerial vehicle. Google has also been developing a delivery drone, with testing undertaken in the Australian outback due to U.S. regulatory restrictions.

If analysts predictions are correct and approvals are granted over the coming weeks and months, we could see a rapid growth in the sector.

Previous article ‘Jihadi John’ Identified: FBI
Next article DirecTV Shareholders Approve AT&T’s Offer
While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>

No posts to display