Archer Aviation Inc (ACHR) News

The Real Reason United Invested in Archer Instead of Joby!

Actually, Lilium got bailed out by a German investment group shortly after filing for liquidation. They are still in the game. There's actually quite a few companies, but Archer, Joby, and (China's) EHang seem to be leading the pack.

Very informative, indeed. All of the comments.

I just did some research n the FAA database and saw Lilium commented in a number of regulatory filings. Lilium went belly up? In December. But they were no where near JOBY or ACHR’s regulatory approvals. They had a long way to go.

So JOBY and ACHR are really the last two standing? Leaders in the EVTOL market?

Thanks for all the great thoughts and comments. [Posting will also be on JOBY board.]

Very good read! In summary, as seen with any new sector, variables will work themselves out over time as the sector grows and achieves more operating hours. I just can't see this service being as expensive as some may expect, comparatively speaking. EVs are (mostly) a great example to look at for how this sector will evolve. Thanks for posting that. GLTY!

Here's a bit of comp on Helos vs. eVTOLs. (ACHR gets a mention)

When examining the emerging eVTOL (Electric Vertical Take-Off and Landing) market against the established helicopter industry, the question of cost becomes central. eVTOLs represent a new class of aircraft designed to take advantage of advances in electric propulsion, autonomous systems, and lighter materials. These vehicles promise a new mode of urban and regional transportation, but how do they stack up in terms of price against the tried-and-true helicopter?
Initial acquisition costs

The price tags of eVTOLs and conventional helicopters are one of the most straightforward comparisons, yet they reveal intriguing insights into the economics of new versus established technologies. A typical new light helicopter, such as the Bell 407, can cost between $2.5 million and $3 million. For medium-sized helicopters like the Airbus H145, the price often escalates to around $10 million or more. Heavy-lift helicopters, like the Sikorsky S-92, can exceed $27 million.

In contrast, eVTOLs are expected to enter the market at a significantly lower cost, with estimates ranging between $1 million and $5 million. The variance largely depends on the complexity of the eVTOL system, the battery capacity, and the autonomous features. Archer Aviation, for instance, has targeted a price of around $1 million for its first production model. This difference suggests that eVTOLs might be more accessible, especially for urban operators looking for a less expensive entry point into vertical flight.
Operating expenses and maintenance

Beyond the initial purchase price, operating costs are a critical factor in determining the total cost of ownership. Conventional helicopters are notorious for their high operational expenses. Fuel consumption is significant, with turboshaft engines requiring large amounts of aviation fuel (which is both expensive and has a substantial environmental impact). Maintenance for helicopters is frequent and costly, often involving inspections after every 100 hours of flight, along with more extensive overhauls after 1,000 hours.

eVTOLs, in contrast, benefit from electric propulsion systems that are simpler, with fewer moving parts than a helicopter’s complex gearbox and rotor system. This simplicity translates to potentially lower maintenance costs and longer intervals between servicing.

Furthermore, the cost of electricity is generally lower than that of aviation fuel, reducing operational expenses. However, the cost and lifespan of batteries remain a variable. While lithium-ion batteries have improved, they still represent a significant portion of the eVTOL’s operating costs, both in terms of initial investment and eventual replacement.

Insurance and regulatory costs

Insurance is another area where costs diverge. Helicopters, due to their long-established use and extensive safety data, have relatively predictable insurance premiums. eVTOLs, being new to the market, might face higher premiums initially as insurers gauge the risks associated with these aircraft. The regulatory environment also plays a role.

Helicopters are fully integrated into the current aviation regulatory frameworks, whereas eVTOLs will need to navigate new certification processes, which could incur additional costs. However, if eVTOLs prove to be safer, as some proponents suggest, insurance premiums could decrease over time, potentially making them more competitive than helicopters.
The impact of scale and production methods

Production methods and economies of scale are crucial in determining costs. Helicopters are typically produced in small numbers, which keeps prices high. eVTOLs promise to disrupt this model by leveraging automotive-style production lines. Companies like Joby Aviation and Lilium are aiming for high production volumes, which could dramatically reduce unit costs. If successful, this approach might not only make eVTOLs cheaper to buy but also to maintain, as mass-produced parts are usually less expensive than bespoke components.
Market dynamics and future projections

It’s important to consider that the eVTOL market is still in its infancy. Prices for eVTOLs are speculative at this stage and subject to change as the industry matures. The current helicopter market is relatively stable, with prices reflecting decades of refinement, supply chains, and economies of scale. The eVTOL market could experience significant price adjustments as technologies evolve, production scales up, and regulatory hurdles are overcome.

Additionally, the cost-benefit analysis of eVTOLs versus helicopters will heavily depend on the specific use case. eVTOLs are expected to excel in short-range, urban environments where their lower operating costs and zero-emission profiles provide distinct advantages. However, for longer-range missions or heavy-lift capabilities, conventional helicopters may retain their dominance due to their proven reliability and versatility.

https://flyingcarsmarket.com/comparing-the-cost-of-evtols-and-conventional-helicopters/

Valid concerns that can only be appreciated. One thing I will say though is that this 'pending' sector will be more comparible to the helicopter service sector than private fixed wing aircraft sector. I looked into helicopter flight costs in LA and NYC, and I found prices between $300 and $500 for tours that last 30-45 min. This sector is intended to be one of mere convenience, short distances (10-20 min) from a central hub (Southwest/United/Japan Airlines with Archer and Delta's plans with J*BY) to surrounding areas like suburbs, boroughs, internal city areas that would take a significant amount of travel time otherwise due to traffic conditions. I can speak for NYC where it takes sometimes between 1-2 hours to travel less than 30 miles. Absolute chaos and a horrendous journey to get from one place to the next, every single day!

I can't speak to what operating costs would look like initially or if it would rival inner city helicopter transportation, but I suspect those costs would be significantly cut in time. Also, as time progresses and the size of the fleet increases, customer pricing will be figured out. I say that to say that I don't believe you have to be a millionaire to utilize this mode of transportation.

The thing that's most interesting isn't just the big names investing in the success of the company, but the ones that have purchase orders in for aircraft - currently ~$6B for aircrafts that cost about $5M each. I don't put too much faith in the Air Force and Anduril as a near term significant source of revenue, but the deal with Future Flight Global alone is a different story. This is a purchase agreement for 116 and based on my research of them, this UK-based company is already building a huge network to launch their air taxi services here in the US and overseas in Asia, Europe, and the Middle East. So it's not simply a case of Archer having a business model of production and utilization, but sales. That's a huge plus! Besides, I have more faith in overseas markets than I do in US because of bureaucracy and pushback when it comes to launching a new sector and/or disrupting another.

Archer seems to be leading the way right now, with J*BY close behind, and there is plenty of market for both to successfully coexist. I'm optimistic you won't be disappointed holding for significant growth in this sector. GLTY!!!

So, I made a mistake. I bought a few shares, not much, and made a few bucks and sold. I forgot I had a buy order in at a lower price that I forgot to cancel and it executed. Dang. And now I am in it and losing a few bucks as I write this.

I am a private pilot and love the aviation world. I have known a couple of people in the aviation business and one time, when I was considering doing a small business venture with someone, I got the best advice from someone about it. He told me this: “If you want to make a small fortune in aviation, start with a large one!”

I believe these air taxi’s have limited income potential. John Doe’s will never be able to afford them and there are only so many millionaires out there that will. They will be a novelty for some time but eventually, they will be for the rich. And that market will be limited. Just like private air travel. I used to own a single engine plane and that field of aviation is dying because of cost. All of my pilot friend have almost, but not quite, quit flying. Why? Because a flight in their lanes cost at least 5x’s more than commercial. Not kidding. Fuel, insurance, maintenance. Yes, it is more fun and convenient. But. The money is ridiculous.

So, I will wait it out and when Archer and Joby get some good FAA news, I think we shall see a significant rise from where we are right now, and then I think many people will get out.

Maybe just venting at my stupidity, but these are my thoughts.

Analysts playing their games with $ACHR again. Sad how they can manipulate price action with these so-called ratings!
___________________________________________

Archer Aviation Inc. (NYSE:ACHR)
Analyst Upside as of January 14, 2025: 33%

Number of Hedge Fund Holders: 24

Archer Aviation Inc. (NYSE:ACHR) is a rapidly growing aircraft company with a mission to develop high-performing vertical take-off and landing aircraft in urban networks. Over the past few months, the company has accelerated its certification processes and signed partnerships, positioning it as an emerging leader in aircraft technology. For instance, on December 19 the company announced the completion of a high-volume aircraft manufacturing facility, emphasizing what 2025 has in store for the stock.

On January 8, analyst firm Canaccord raised its price target for ACHR to $14 from $11, maintaining a buy rating on the stock. The rationale behind such is that the analyst firm believes in the transformative technology under development at Archer Aviation (NYSE:ACHR). This explains why the company is rapidly enforcing crucial partnerships, accelerating its inevitable product launch. Aligning with the goal, on December 12, Archer Aviation Inc. (NYSE:ACHR) announced a strategic partnership with Anduril to make hybrid vertical take-off and landing aircraft.

Overall, the stock has shown great performance and is quite promising as it takes on large companies and the government as clients. Analysts are also bullish on the stock and their median price target implies an upside of 33% from current levels.

Overall, ACHR ranks 10th on our list of stocks that will go to the moon according to Reddit. While we acknowledge the potential of ACHR to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ACHR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

https://www.msn.com/en-us/money/savingandinvesting/is-archer-aviation-achr-the-stock-that-will-go-to-the-moon-according-to-reddit/ar-AA1xgsCg?ocid=hpmsn&cvid=8431f225f16e4910a7828f26f36e7e62&ei=45

Canaccord raises price target to $14 from $11…. but there has been no other significant announcement… and the available shares have doubled since the $11 valuation... Sooooo, did they think the shares were REALLY worth $22 before? Or are they saying now that when they valued it at $11, they REALLY thought they were worth $5.50?

These MM’s…… It’s all a rigged bullshit game.

The short interest is still over 25%. It still needs to be covered. Any substantial news (a contract with the Air Force, for instance) and this squeeze could get really fun.

I bought 30,000 shares at 3. So perhaps I did miss the boat? 🤷🏼‍♂️ The fact remains - whoever bought long above 12 got suckered this morning.

Sounds like someone missed the boat! Longs aren't concerned because we got in months ago. If this fails, we have plenty of time to bail with huge profits. $ACHR

Hope none of y’all got suckered in.

Above 12 on no news AND double the shares available??? I smell a trap being set up… Trade carefully.

Double the supply and the price sets new highs? Somethin’ ain’t right… Still over 25% that needs to cover.

Archer Aviation: From Air Taxis to Aerial Warfare
Story by Jeffrey Neal Johnson, MarketBeat • 5h •

Archer Defense: Entering a New Strategic Airspace
Archer Aviation has taken a decisive step to diversify its revenue streams by establishing Archer Defense, a division dedicated to developing military-grade VTOL aircraft. This strategic move is a significant shift for the company, expanding its focus beyond the commercial eVTOL market.

Buyback Initiative: A Bullish Signal From the Top
CEO Adam Goldstein's directive to his team to explore aggressive stock buyback options sends a powerful message to the market. This initiative signals management's belief that Archer Aviation's stock is currently undervalued and represents a compelling investment opportunity. A stock buyback can reduce the number of outstanding shares, potentially increasing earnings per share and boosting investor confidence. This move, coupled with the establishment of Archer Defense, indicates a proactive approach to enhancing shareholder value and driving growth.

Financial Fortitude and Strategic Alliances
Archer Aviation's financials are healthy, enabling the company to execute its ambitious growth strategy. A recent $430 million equity raise, backed by existing partners Stellantis and United Airlines and new institutional investors like Wellington Management and Abu Dhabi's 2PointZero, brings the total capital raised to nearly $2 billion. This substantial influx of capital not only solidifies Archer's balance sheet but also provides the financial resources to advance the development and commercialization of its eVTOL aircraft.

https://www.msn.com/en-us/money/companies/archer-aviation-from-air-taxis-to-aerial-warfare/ar-AA1wUgnm?ocid=hpmsn&cvid=fa623b892078487099f2f7c8821fecf6&ei=89

Sector took another hit today. I wonder if and/or how news like this effects the overall sentiment.

_________________________________________________________________________________

This eVTOL Startup Has Filed for Bankruptcy
The promised air taxi future appears to be slowly giving way to a robotaxi reality, but some investors remain confident.
By Jay RameyPublished: Jan 02, 2025 10:56 AM EST

Germany's Volocopter has entered insolvency proceedings in its home country after a number of successful prototype demos in recent months.
The startup's craft uses a large number of individual propellers arranged around an overhead ring structure, as in a hobby drone, while featuring a small helicopter-style cabin.
Air taxis in development are now thought to see a serious challenge from robotaxis, as driverless car tech spreads and becomes more affordable to scale.

As the eVTOL industry approaches a moment of truth, and a growing robotaxi market, those that have made it this far are now facing a difficult transition period.

Days after German eVTOL startup Lilium was able to find new investors to save itself at the last minute, another German eVTOL startup, Volocopter, has filed for insolvency proceedings.

"With one of the lowest burn rates in the industry, Volocopter has successfully operated in an extremely difficult financial environment," the company said in a statement. "However, despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible." ...
https://www.autoweek.com/news/a63322209/volocopter-evtol-startup-bankrupt/

I might get back in around the 6's

Double the float that's a price killer

Why Archer Aviation Stock Skyrocketed Today
Story by Keith Noonan • 5h • 3 min read

Archer Aviation (NYSE: ACHR) stock posted explosive gains in Tuesday's trading, which saw the market close at 1 p.m. for the Christmas Eve holiday. The company's share price ended the abbreviated daily trading session up 15.1%.

Archer Aviation surged today following some big news in the defense industry. According to a report from The Financial Times, Palantir (NASDAQ: PLTR) is teaming up with defense-tech innovator Anduril to form a new consortium that aims to make big waves in the defense space -- and it could have implications for Archer.

Are Palantir and Anduril about to shake up the defense industry?
Palantir and Anduril are reportedly aiming to create a new power block in the defense industry. The FT's report says the two companies are talking to businesses including OpenAI, SpaceX, Scale AI, and Saronic to form a defense consortium that aims to challenge industry stalwarts, including RTX, Lockheed Martin, and Boeing.

Palantir and Anduril are innovation-focused players in the defense industry, with the former company being a leader in artificial intelligence (AI) software and the latter working on unmanned vehicles and robotics. The list of companies that the two partners are said to be approaching for their consortium suggests they're aiming to build a network of disruptive, next-gen tech players with the ability to outcompete current industry leaders in emerging categories. Archer Aviation investors are understandably excited.

What comes next for Archer Aviation stock?
On Dec. 12, Archer published a press release announcing that it had entered a partnership with Anduril to develop flying electric vehicles for the defense industry. Anduril has already won U.S. defense contracts, and the team-up has the potential to be a powerful catalyst for Archer. While Archer wasn't specifically named as a potential partner approached for the proposed defense consortium with Palantir, it seemingly makes for a natural candidate.

Archer Aviation recently said that it expects to begin production at its Georgia plant in the beginning of 2025, and CEO Adam Goldstein has said he expects commercial flights to begin next year. With a promising outlook on the defense front and the potential for commercial flights to kick off next year, Archer stock could keep rallying.

https://www.msn.com/en-us/money/other/why-archer-aviation-stock-skyrocketed-today/ar-AA1wrvh5?ocid=hpmsn&cvid=f41e0b729ee94750934318753c60a585&ei=6

Easy to fly,watch

Well 2 planes by EOY does not mean 2 planes per month for all of 2025. They're been emphasizing their scalability from the beginning.

Stellantis and Archer are working to finalize an agreement pursuant to which Stellantis would work with Archer as its exclusive contract manufacturer to mass produce Archer’s Midnight eVTOL aircraft at this facility, contributing capital, advanced manufacturing technology and expertise and experienced personnel with the goal of scaling this facility to 650 aircraft annually by 2030

Love archer but some facts to consider
- 2 planes a month for 2025
- needs to hire and train pilots
This could takes years to really see a profit

Love archer but some facts to consider
- 2 planes a month for 2025
- needs to hire and train pilots
This could takes years to really see a profit

2 planes / month but we should hit profit 2026 ?

$ACHR Useless complaining how SP is down over 5% on very good news. 2025 will be huge on news of production started!

Archer Completes Construction of High-Volume Manufacturing Facility
December 19 2024 - 8:30AM

Earlier this week Archer received the certificate of occupancy for its ~400,000 square foot aircraft manufacturing facility—referred to as ARC—in Covington, GA and held a commemorative ribbon cutting ceremony

Tooling load-in is already underway ahead of the planned start of initial production beginning in early 2025, with the goal being to ramp production to a rate of two aircraft per month by the end of the year

Stellantis and Archer are working to finalize an agreement pursuant to which Stellantis would work with Archer as its exclusive contract manufacturer to mass produce Archer’s Midnight eVTOL aircraft at this facility, contributing capital, advanced manufacturing technology and expertise and experienced personnel with the goal of scaling this facility to 650 aircraft annually by 2030

https://ih.advfn.com/stock-market/NYSE/archer-aviation-ACHR/stock-news/95131029/archer-completes-construction-of-high-volume-manuf

WTH!!! The Fed just can't let things be!!!

So much for the Reddit folks…😂😂😂😂😂

There are zero shorts in profit today. It’s ALL margin call territory. Heavy buying now triggers the squeeze!! Just saying, all you Reddit folks….

https://www.cnbc.com/video/2024/12/12/archer-ceo-adam-goldstein-trump-2-point-0-will-help-the-u-s-maintain-its-position-as-an-aviation-leader.html?__source=androidappshare

Blue sky above baby! With a high short position in place!! That means NONE of the shorts are in profit….. This could head to the teens RAPIDLY if they start to cover.

ACHR  will explode in 2025.  

Top 10 Stocks to Buy NowFree Article Why Archer Aviation Stock Could Trounce the S&P 500 in 2025By George Budwell – Dec 18, 2024 at 6:30AMKey PointsArcher's exclusive partnership with defense-tech leader Anduril positions the company to capture lucrative military contracts while advancing its commercial ambitions.A strategic $430 million capital raise, backed by United Airlines, Stellantis, and institutional powerhouse Wellington Management, validates Archer's commercialization strategy.Despite the stock's 185% surge over the past 90 days, Archer’s shares still appear significantly undervalued.Buy Alert: Our 10 best stocks to buy right now (see the list)The electric vertical takeoff and landing (eVTOL) industry represents the next frontier in aviation, with JPMorgan analysts projecting a $1 trillion market opportunity by 2040. Among the companies vying to capture this massive potential, Archer Aviation (ACHR 2.48%), valued at $3.88 billion, stands out through two transformative developments that reshape its growth trajectory. Namely, the company has forged an exclusive partnership with defense technology innovator Anduril while completing a strategic $430 million capital raise that solidifies its top-tier position within the industry.

ACHR...$9.09...🥳...Bullish Psar flip...watch for $10 Breakout...imo we shall see...

georgie18

Member Level
Re: georgie18 post# 904

Friday, December 13, 2024 3:20:38 PM

Post#
905
of 906
ACHR...$8.52...HOD...🥳

georgie18

Member Level
Re: None

Friday, December 13, 2024 9:35:13 AM

Post#
386926
of 386955
ACHR...$8.22...🥳...Starting up again...

Is It Too Late to Buy Archer Aviation Stock?
Story by Neil Rozenbaum • 6h • 2 min read

In this video, I will cover the recent updates regarding Archer Aviation (NYSE: ACHR). Watch the short video to learn more, consider subscribing, and click the special offer link below.
*Stock prices used were from the trading day of Dec. 13, 2024. The video was published on Dec. 13, 2024.
Big News For Archer Aviation Stock Investors

https://www.msn.com/en-us/money/topstocks/is-it-too-late-to-buy-archer-aviation-stock/ar-AA1vQPDu?ocid=hpmsn&cvid=f63627d34b5944c1baeb67e93f048185&ei=140

ACHR...$8.52...HOD...🥳

georgie18

Member Level
Re: None

Friday, December 13, 2024 9:35:13 AM

Post#
386926
of 386955
ACHR...$8.22...🥳...Starting up again...

ACHR...$8.32...🥳

georgie18

Member Level
Re: georgie18 post# 666500

Monday, December 02, 2024 2:30:10 PM

Post#
666502
of 667762
ACHR...$7.18...🥳...Dip Opportunity...

ACHR...$8.22...🥳...Starting up again...

https://www.msn.com/en-us/money/news/cathie-wood-s-ark-invest-dumps-another-15-3-million-tesla-shares-pivots-to-this-flying-taxi-startup/vi-AA1vO4lD?ocid=hpmsn&cvid=77720079fb6540c2a7b7ea0720107742&ei=125

are u an investor or a day trader with this.. lmao

Archer Aviation unveils new strategic partnership as part of its defense program
16m • 1 min read

Archer Aviation (NYSE:ACHR) announced on Thursday that it entered a strategic partnership with Anduril to develop a next-generation aircraft for defense applications.

The first product from the partnership is expected to be a hybrid-propulsion, vertical-take-off-and landing aircraft that will target a potential program of record from the United States Department of Defense.

Archer's (ACHR) ability to rapidly develop advanced VTOL aircraft using existing commercial parts and supply chains and Anduril's deep expertise in artificial intelligence, missionization, and systems integration is anticipated to accelerate speed to market for critical hybrid VTOL capabilities at a lower cost of more traditional alternatives.

The company said its efforts on the project will be part of its new Archer Defense program. To support the initiative and for other general corporate purposes, Archer (ACHR) raised $430 million in additional equity capital today, with participation from Stellantis (STLA), United Airlines (UAL), and new institutional investors, including Wellington Management and Abu Dhabi investment holding company 2PointZero.

https://www.msn.com/en-us/money/companies/archer-aviation-unveils-new-strategic-partnership-as-part-of-its-defense-program/ar-AA1vKaqf?ocid=hpmsn&cvid=d89246682ae84429b27486ae1db0146e&ei=41

Military production? Uh ohhhhhh….

Flying Taxis to Begin Trials in Al Ain by May 2025
Story by UAEMoments team • 13h • 2 min read

Flying taxis are set to take off in the UAE, with trials scheduled to begin in Al Ain by May 2025. Falcon Aviation Services, an Abu Dhabi-based company, plans to launch commercial air taxi services by January 1, 2026, according to CEO Ramandeep Oberoi.

Vertiports Planned in Key Locations
Falcon Aviation partnered with Archer Aviation, a US-based electric flying car manufacturer, in March 2024 to create cutting-edge vertiports. These facilities will be located at Atlantis, The Palm in Dubai, and Marina Mall heliport on Abu Dhabi’s Corniche.
The first passenger flights will use Archer’s Midnight flying taxis, traveling between these vertiports. The 30-minute journeys will take passengers over scenic water routes, offering breathtaking views of Dubai and Abu Dhabi.

Future Plans for Connectivity
Initial operations will focus on routes within Abu Dhabi, with plans to connect Abu Dhabi and Dubai by mid-2026. Future expansions aim to link Dubai and Ras Al Khaimah, catering to major destinations like the Wynn Resort project, and eventually include Al Ain.

"We’re building the market gradually,” said Oberoi, emphasizing the UAE’s strong road infrastructure as a complementary network.

Affordable Airfare Goals
Falcon Aviation aims to make flying taxis accessible, targeting fares of around Dh1,000 per passenger for Abu Dhabi-Dubai trips—about twice the cost of a regular taxi. Within cities, the goal is Dh300. However, Oberoi noted that these figures are still under negotiation and may change.

Slow and Steady Hiring Approach
The company is taking a measured approach to recruitment, relying on existing staff and bringing in specialized personnel from the US. Additional hires will include ground operations and engineering teams to manage vertiports and maintain the vehicles.
https://www.msn.com/en-us/travel/news/flying-taxis-to-begin-trials-in-al-ain-by-may-2025/ar-AA1vDOP5?ocid=hpmsn&cvid=2b3fab64aaad4acd88277681f3b45e4c&ei=124

Abu Dhabi to launch commercial electric air taxis
Story by GlobalData • 9Dec24 • 10:00

Archer Aviation has announced a multiparty collaboration with key United Arab Emirates (UAE) and Abu Dhabi entities to advance the establishment of commercial electric vertical-take-off and landing (eVTOL) air taxi services in the UAE capital.

Abu Dhabi is claimed to become the first city in the Middle East and North Africa to launch these types of services.

The Abu Dhabi Investment Office (ADIO), a principal signatory, will coordinate with various domestic bodies to prepare for the scheme's commercial launch.

The ecosystem for eVTOL development includes Abu Dhabi Airports, Falcon Aviation Services, Etihad Aviation Training, the UAE's General Civil Aviation Authority, Global Air Navigation Services, Global Aerospace Logistics, and the Integrated Transport Centre.

The collaboration delineates the roles and responsibilities of each party, setting the stage for definitive agreements between Archer and the commercial stakeholders.

This partnership builds upon a previous agreement with the ADIO to expedite the commercialisation of air taxis in the region.

ADIO director general Badr Al-Olama said: “We are pleased to see leading members of Abu Dhabi’s aviation sector collaborating with Archer to support the launch of air taxis in the emirate. This partnership marks a major milestone in the efforts led by Abu Dhabi’s Smart and Autonomous Systems Council to accelerate smart and advanced mobility solutions, further solidifying the emirate’s position as a global leader in smart and autonomous vehicles.”

Abu Dhabi Airports managing director and CEO Elena Sorlini added: “We are proud to support this pioneering collaboration, marking a significant step towards sustainable urban mobility in Abu Dhabi. This partnership reinforces our commitment to innovation and positions the emirate as a global leader in next-gen transportation, ensuring seamless connectivity for future passengers.”

In May this year, Archer Aviation launched its battery pack manufacturing site, the first of two facilities set to be completed in 2024.


"Abu Dhabi to launch commercial electric air taxis" was originally created and published by Airport Technology, a GlobalData owned brand.
https://www.msn.com/en-us/money/other/abu-dhabi-to-launch-commercial-electric-air-taxis/ar-AA1vyAEV?ocid=hpmsn&cvid=c3d6a76c811744038e4b53cc597254f8&ei=55

The short interest will be updated soon, but it will be only as of November 30

Just have to look for an entrance point

sorta kinda a double positive? lol ( Possible/Maybe)...thinking bout buying more today, any thoughts?

Possible $10 plus this week maybe

Abu Dhabi Investment Office (ADIO) to facilitate the safe launch of commercial eVTOL operations in Abu Dhabi as soon as possible
Amazing how other countries get things done faster than the US!!! SMH!

First to market is always a good thing.
The agreement’s goal is for Archer Aviation to be the first manufacturer of electric vertical-take-off-and-landing aircraft in the Middle East and North Africa (MENA) region and the first to launch commercial flying taxi operations in the Emirate.

Possible dumping at the bell

I'm looking for a good entrance point sometime today