Articles for tag Archer
Jul
17
2024
|
|
Posted by Admin
|
|
![](/DesktopModules/DigArticle/MediaHandler.ashx?portalid=0&moduleid=414&mediaid=26020&width=100&height=150)
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc., a leader in the development of electric vertical takeoff and landing (eVTOL) aircraft, announced today that on Tuesday, July 16, 2024 it received approval from CAEATFA for its ~$117M project covering the planned expansion of its advanced manufacturing facilities in the State of California, including the ramp of its advanced electric powertrain facility as it readies for commercialization. The CAEATFA sales and use tax exclusion is expected to result in ~$10M in benefit to Archer over the next few years.
[Read More...]
Tags:
Archer
eVTOL
Categories:
Press Releases
Jul
15
2024
|
|
Posted by Admin
|
|
![](/DesktopModules/DigArticle/MediaHandler.ashx?portalid=0&moduleid=414&mediaid=26009&width=100&height=150)
DALLAS & SANTA CLARA, Calif.--(BUSINESS WIRE)-- Southwest Airlines Co. (NYSE: LUV) and Archer Aviation Inc. (NYSE: ACHR) have signed a memorandum of understanding (MOU) to develop operational plans for electric air taxi networks utilizing Archer’s eVTOL aircraft at California airports where Southwest® operates. Archer Aviation is a leading manufacturer of electric vertical takeoff and landing (eVTOL) aircraft.
[Read More...]
Tags:
Archer
Southwest Airlines
Categories:
Press Releases
Jul
03
2024
|
|
Posted by Admin
|
|
![](/DesktopModules/DigArticle/MediaHandler.ashx?portalid=0&moduleid=414&mediaid=25992&width=100&height=150)
AMSTERDAM and SANTA CLARA, CA, July 2, 2024 – Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) and Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced Archer has received an additional $55 million investment from Stellantis under the companies’ strategic funding agreement following the achievement of its transition flight test milestone last month.
[Read More...]
Tags:
Archer
eVTOL
Stellantis
Categories:
Press Releases
Jun
20
2024
|
|
Posted by Admin
|
|
![](/DesktopModules/DigArticle/MediaHandler.ashx?portalid=0&moduleid=414&mediaid=25973&width=100&height=150)
SANTA CLARA, Calif.--(BUSINESS WIRE)-- (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced plans for an air mobility network that will connect five strategic locations across the San Francisco Bay Area - South San Francisco, Napa, San Jose, Oakland, and Livermore. Archer’s network is anticipated to provide unprecedented connectivity to communities around the region, allowing people to replace one-to-two-hour drives to cities around the bay with flights that take ~10-20 minutes. To anchor the network, Kilroy Realty Corporation (NYSE: KRC, “Kilroy”), a leading U.S. landlord and developer with an 18 million square foot operating and development portfolio, recently signed a memorandum of understanding (MOU) with Archer identifying Kilroy Oyster Point – a 50-acre waterfront campus in South San Francisco – as a critical hub in Archer’s planned San Francisco Bay Area UAM network.
[Read More...]
Tags:
Archer
Bay Area
eVTOL
LIVERMORE
Napa
Oakland
San Francisco
Categories:
Press Releases
Jun
12
2024
|
|
Posted by Admin
|
|
![](/DesktopModules/DigArticle/MediaHandler.ashx?portalid=0&moduleid=414&mediaid=25946&width=100&height=150)
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced that on June 8th its Midnight aircraft successfully completed transition flying at a speed of 100+ mph. Archer has now achieved transition with two different full-scale eVTOL aircraft. Transition is well known in the industry as a very difficult milestone few companies have reached. At ~6,500 lbs, Midnight is believed to be one of the largest eVTOL aircraft to complete transition, which is critical to being able to carry commercially viable passenger payloads.
[Read More...]
Tags:
Archer
Categories:
Press Releases
May
23
2024
|
|
Posted by Admin
|
|
![](/DesktopModules/DigArticle/MediaHandler.ashx?portalid=0&moduleid=414&mediaid=25891&width=100&height=150)
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE: ACHR) a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced the FAA issued for public inspection the final airworthiness criteria for Archer’s Midnight aircraft. This significant regulatory milestone provides the solidified path for Archer to achieve Type Certification for Midnight. Archer is one of two companies in the world to achieve this certification progress with the FAA for an eVTOL aircraft.
[Read More...]
Tags:
Archer
eVTOL
Categories:
Press Releases
May
20
2024
|
|
Posted by Admin
|
|
![](/DesktopModules/DigArticle/MediaHandler.ashx?portalid=0&moduleid=414&mediaid=25873&width=100&height=150)
RIYADH, Saudi Arabia--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced it has signed a memorandum of understanding (“MOU”) with Etihad Training that lays the groundwork for a partnership to recruit and train prospective pilots for Archer’s Midnight aircraft in Abu Dhabi to fly aircraft across the UAE. The MOU was announced at the start of the Future Aviation Forum in Riyadh, Saudi Arabia, where Archer is showcasing its Midnight aircraft for the first time in the country.
[Read More...]
Tags:
Archer
Categories:
Press Releases
May
09
2024
|
|
Posted by Admin
|
|
![](/DesktopModules/DigArticle/MediaHandler.ashx?portalid=0&moduleid=414&mediaid=25854&width=100&height=150)
Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced it has completed the build out of its high-volume battery pack manufacturing line. This facility is housed at Archer’s Integrated Test Lab and Manufacturing Facilities in San Jose, CA and will have the throughput necessary to support the planned high volume aircraft production ramp at Archer’s manufacturing facility in Georgia that remains on track to be completed later this year.
[Read More...]
Tags:
Archer
eVTOL
Categories:
Press Releases
Apr
18
2024
|
|
Posted by Admin
|
|
![](/DesktopModules/DigArticle/MediaHandler.ashx?portalid=0&moduleid=414&mediaid=25800&width=100&height=150)
WASHINGTON--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced today key strategic hires to bolster its government relations efforts and a Washington D.C. office opening. Former FAA Administrator and current Archer executive, Billy Nolen, is now Archer’s Chief Regulatory Affairs Officer leading Archer’s government affairs efforts and Melissa McCaffrey joined the team to lead its efforts at the U.S. state and local levels. Lynda Tran, former Senior Advisor to the U.S. Secretary of Transportation and Director of Public Engagement at the U.S. Department of Transportation, has also joined in an advisory capacity.
[Read More...]
Tags:
Archer
Categories:
Press Releases
Mar
28
2024
|
|
Posted by Admin
|
|
![](/DesktopModules/DigArticle/MediaHandler.ashx?portalid=0&moduleid=414&mediaid=25757&width=100&height=150)
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc., a leader in the development of electric vertical takeoff and landing (“eVTOL”) aircraft, today announced the successful completion of rigorous battery pack drop testing conducted at a National Institute for Aviation Research lab. This marks a significant milestone in the development of the company’s proprietary electric propulsion system for its Midnight aircraft in what is seen as one of the most difficult tests to pass for an eVTOL aircraft, putting Archer in a strong position to successfully complete this same test in upcoming for-credit testing with the FAA.
[Read More...]
Tags:
Archer
eVTOL
Categories:
Press Releases