Advanced Air Mobility (AAM) is a newly emerging industry focus, as well as a research and development discipline. Innovations and technologies resulting from AAM will change the way that we move cargo and people in and around cities. Industry is moving fast with excitement to deploy AAM solutions. However, there are multiple technical challenges that need to be overcome before AAM becomes a reality. This article takes a closer look at the technology readiness level of AAM solutions, identifies open research problems and directions to address them.