An anonymous reader quotes a report from Reuters: A Seattle-area startup, backed by the venture capital arms of Boeing and JetBlue announced plans on Thursday to bring a small hybrid-electric commuter aircraft to market by 2022. The small airliner is the first of several planes planned by Zunum Aero, which said it would seat up to 12 passengers and be powered by two electric motors, dramatically reducing the travel time and cost of trips under 1,000 miles (1,600 km). Zunum's plans and timetable underscore a rush to develop small electric aircraft based on rapidly evolving battery technology and artificial intelligence systems that avoid obstacles on a road or in the sky. In a separate but related development, Boeing said on Thursday it plans to acquire a company that specializes in electric and autonomous flight to help its own efforts to develop such aircraft. Zunum's planes would fly from thousands of small airports around big cities to cut regional travel times and costs.