Archer Aviation ($ACHR) has received a key certification from the Federal Aviation Administration (FAA), moving it closer to flying passengers with its electric vertical takeoff and landing (eVTOL) aircraft. United Airlines has agreed to purchase dozens of Archer's eVTOL aircraft and will provide financing for the development of the 4-seat aircraft. Archer plans to launch initial operations in major cities including Chicago, Los Angeles, New York City, and San Francisco. The company, valued at $1 billion, aims to start commercial services soon, marking a significant milestone in the air taxi industry. Following the news, shares of Archer Aviation gained.
Yesterday marked one of the most important days in @ArcherAviation's story – receiving @FAANews approval to begin operating a commercial airline across America’s biggest cities. We couldn’t be more proud to partner with Mike Leskinen and Scott Kirby at @united to bring… https://t.co/ttbaWG5hsM
Flying taxis just got another step closer to reality as $1 billion startup Archer receives approval for commercial operations https://t.co/PK2ao3coKw
.@ArcherAviation plans a branded service for @united where pax can book through either partner’s channel, and United will provide financing for the eVTOL developer’s 4-seat aircraft. Initial ops planned for Chicago, LA, NYC, and San Francisco. @elanhead https://t.co/MbiH2GlkBl
Archer Aviation $ACHR gets green light to move forward on air taxi plans, shares gain https://t.co/7HZI8D1qfc https://t.co/5JYf0B4hou
Air taxi maker Archer Aviation receives FAA nod to start commercial services https://t.co/nHUtwpQtFb https://t.co/fr29RVTiWT
$ACHR Archer Aviation said it received a key FAA certification that gets it closer to flying passengers. United Airlines agreed to buy dozens of Archer's eVTOL aircraft. My video https://t.co/vQTO6dWyyP