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Archer Aviation Inc. develops electric vertical takeoff and landing aircraft and related technologies for advanced air mobility. News about ACHR centers on the company’s Midnight piloted electric air taxi, certification activity with aviation regulators, U.S. and UAE air taxi programs, and the infrastructure needed to support commercial operations.
Recurring updates also cover operating and financial results, aircraft testing and production investment, connectivity and technology partnerships, engineering hubs, and commercial and defense-sector initiatives. Midnight is described by the company as a piloted electric air taxi designed for four passengers, with redundant aircraft systems including 12 engines and propellers.
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Archer Aviation Inc. (NYSE: ACHR) will release its first quarter 2023 operating update and financial results on May 11, 2023, after market close. A conference call will follow at 2:00 p.m. Pacific Time to discuss these updates. Investors can access the live webcast through the Archer investor relations website. A replay will be available post-call. Archer is focused on developing electric vertical takeoff and landing aircraft aimed at transforming urban air mobility.
United Airlines and Archer Aviation have announced a partnership to launch the first air taxi route in Chicago, connecting O’Hare International Airport (ORD) with Vertiport Chicago. This initiative marks a significant step in urban air mobility (UAM) as both companies plan to integrate Archer's electric vertical takeoff and landing (eVTOL) aircraft into the city’s transportation ecosystem by 2025. The goal is to provide a sustainable, low-noise alternative to ground transportation, significantly reducing travel time to approximately 10 minutes from ORD to the city center. Collaboration with local authorities aims to establish the necessary infrastructure.