• Flytrex, an Israeli drone delivery company, has gained Federal Aviation Administration (FAA) approval for drone deliveries with a range of up to one nautical mile in North Carolina, which expands its reach to approximately 10,000 households in the state.

• With this approval, Flytrex will be permitted to fly its drones over people and moving vehicles within a 1-nautical-mile radius of its operating stations in Fayetteville, Raeford, and Holly Springs. Deliveries will continue to be made in cooperation with its partner Causey Aviation Unmanned (drone delivery operator). 

<ul><li> Analyst QuickTake: Earlier this year , Flytrex received approval from the FAA to operate over people; however, the flights had to be conducted within the visual line of sight (VLOS). Moreover, the current approval should support Flytrex’s goal of expanding its operations in the US, a goal that the company plans to invest part of the USD 40 million in funding it raised last month.</ul>