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Archer Aviation Inc ACHR

Alternate Symbol(s):  ACHR.WS

Financial Services
Archer Aviation Inc. is an aerospace company. The Company is engaged in designing and developing electric vertical takeoff and landing (eVTOL) aircraft for use in urban air mobility (UAM) networks. The Company’s eVTOL aircraft are designed to be safe, sustainable, and quiet. Its production aircraft, Midnight, is designed around its proprietary 12-tilt-6 aircraft configuration. Midnight is designed to carry four passengers plus a pilot optimized for back-to-back short distance trips of around 20-miles, with minimal charging time between trips. It intends to operate two complementary lines of business: a direct-to-consumer aerial ride share service (Archer UAM) and the sale of its aircraft to other operators (Archer Direct). Midnight is the evolution of its demonstrator eVTOL aircraft, Maker, which through its flight test program has helped validate its proprietary 12-tilt-6 aircraft configuration and certain key enabling technologies.


NYSE:ACHR - Post by User

Archer Aviation Inc
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Post by zack50on Dec 06, 2024 4:15pm
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Post# 36350140

Archer lands new partnership...

Archer lands new partnership...
Archer Aviation announced today that it has entered into an agreement with multiple parties in the United Arab Emirates (UAE) and Abu Dhabi to develop and expand flying taxi operations in Abu Dhabi.

The partners are aiming to make Archer the first manufacturer of electric flying taxis in the Middle East and North Africa, and the first to begin commercial operations in the United Arab Emirates.
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