Archer has revealed plans to launch an air taxi network in New York City in partnership with United Airlines, aiming to revolutionise travel for residents and visitors by drastically reducing journey times to and from the region’s airports. Using its electric aircraft, Midnight, Archer intends to offer flights from Manhattan to nearby airports in just […]
Archer and United unveil air taxi plans for New York City Read More »
Archer Aviation (Archer) has received certification from the FAA to launch its pilot training academy. This certification, known as Part 141, is awarded to a flight school by the FAA, signifying that it is a formally recognised and regulated institution for pilot training. With this certification, Archer can now train and qualify pilots as part
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Archer has announced a successful funding round of US$301.75 million, further strengthening its financial position and enabling the acceleration of its hybrid aircraft platform development for the defence sector and beyond. Leading institutional investors, including funds and accounts managed by BlackRock, participated in the financing. This latest capital injection brings Archer’s total liquidity to approximately
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Archer Aviation (Archer) has announced that it has received the certificate of occupancy for its high-volume manufacturing facility, ARC, located adjacent to Covington Municipal Airport in Georgia. The company is now focusing on the installation of tooling for its initial manufacturing line. Production at the facility is expected to commence in early 2025, with plans
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Archer has raised US$430 million in equity funding to support its collaboration with Anduril Industries (Anduril) on the development of hybrid vertical take-off and landing (VTOL) aircraft for defence applications and for other general corporate purposes. The new partnership with Anduril targets a potential programme with the U.S. Department of Defence (DoD) and aims to
Archer has announced an agreement in principle on key terms for its contract manufacturing relationship with Stellantis. Building on the nearly US$300 million Stellantis has already invested, including US$55 million in July 2024, the company plans to fund additional costs to support Archer’s manufacturing goals. Stellantis will finance up to approximately US$370 million of the
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Archer Aviation (Archer) and Southwest Airlines (Southwest) have signed a memorandum of understanding (MOU) to develop operational plans for electric air taxi networks utilising Archer’s eVTOL aircraft at California airports where Southwest operates. Archer Aviation is a manufacturer of electric vertical take-off and landing (eVTOL) aircraft. Southwest is the Golden State’s largest air carrier, operating
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Archer Aviation (Archer) has received an additional US$55 million investment from Stellantis, following the achievement of Archer’s transition flight test milestone last month. This latest investment builds on Stellantis’ series of open market purchases of 8.3 million shares of Archer’s stock in March this year. During 2023, Stellantis invested US$110 million in Archer through a
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Archer Aviation has released that its subsidiary, Archer Air, has received its Part 135 Air Carrier & Operator Certificate from the Federal Aviation Administration (FAA). This certification enables Archer to commence commercial aircraft operations, allowing the company to refine its systems and procedures ahead of launching the Midnight aircraft into service for airlines such as
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Archer Aviation has signed a memorandum of understanding (MoU) with Etihad Training for a partnership aimed at recruiting and training prospective pilots for Archer’s Midnight aircraft in Abu Dhabi, facilitating flights across the UAE. The MOU debut took place at the commencement of the Future Aviation Forum in Riyadh, Saudi Arabia, marking Archer’s inaugural showcase
