Midnight is Archer's Second Full-Scale eVTOL Aircraft To Achieve This MilestoneMidnight completed the transition flight on June 8th flying at speeds of 100+ MPHAt ~6,500 lbs, Midnight is believed to be one of the largest
Archer Aviation's shares surge as the company receives Part 135 Air Carrier & Operator Certificate from the FAA, paving the way for commercial aircraft operations and advancement towards its urban air taxi goals.
Archer Aviation shares are trading higher Thursday after the company announced it has been selected by KakaoMobility as its eVTOL aircraft partner in Korea.
Archer Aviation Inc. (NYSE:ACHR), a leader in eVTOL aircraft, and KakaoMobility, Korea's leading mobility as a service (MaaS) platform service company, signed an agreement to partner for joint participation in
Archer Aviation reported quarterly losses of 36 cents per share which missed the analyst consensus estimate of losses of 35 cents by 2.86%. The company reported a net loss for the first quarter of 2024 of $116.5 million. Archer said the loss represents investments required to achieve the key elements of its commercialization plan, including continued investment in the design, development, test and certification activities for its Midnight aircraft.
Archer is working with Abu Dhabi to operationalise its air taxi services, in-country manufacturing, and training across the regionArcher is coordinating with government partners across Abu Dhabi to develop the necessary
Former Administrator of the Federal Aviation Administration (FAA) and current Archer executive, Billy Nolen, will lead Archer's regulatory affairs team as its Chief Regulatory Affairs OfficerFormer Senior Advisor to the