ACHR

Hybrid Aircraft Market Size Expected to Reach $13.2 Billion By 2030 as Demand Grows for Commercial Applications

Retrieved on: 
Tuesday, April 2, 2024
Aircraft, Midnight, Failure, Noise, ACHR, Transport, CAE Inc., Carbon, CAE, USD, Pratt & Whitney, Archery, Partnership, Air travel, Joby, PALM, Economic development, Macquarie Infrastructure Corporation, City, Lilium Jet, Joby Aviation, Safety, KULR, Advanced Air Mobility, EASA, Medicine, News, Acquisition, Adjustment, Lilium, TRS, Engineering, Dayton International Airport, Spacecraft, The Company, FBO, Aviation, Blade, Airport, Airline

It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.

Key Points: 
  • It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.
  • Hybrid aircraft offer the advantage of reduced emissions and lower noise levels, making them more environmentally friendly.
  • Hybrid aircraft, particularly those with electric propulsion, produce less noise during takeoff and flight, making them more suitable for operating in noise-sensitive regions.
  • Hybrid aircraft can offer flexible and economically viable solutions for regional air travel, supporting regional connectivity and economic development.

Stellantis Signals Its Continued Confidence in Archer by Further Increasing Its Strategic Shareholding in the Company

Retrieved on: 
Monday, March 18, 2024
Midnight, ACHR, Aviation, Transport, City, Airline

Stellantis’ increased investment in Archer follows CEO Carlos Tavares’ recent visit to Archer’s headquarters and manufacturing facilities in Santa Clara, California.

Key Points: 
  • Stellantis’ increased investment in Archer follows CEO Carlos Tavares’ recent visit to Archer’s headquarters and manufacturing facilities in Santa Clara, California.
  • The construction on the first phase of Archer’s high-volume manufacturing facility in Georgia remains on track to be completed later this year.
  • Midnight is optimized for back-to-back short distance trips of around 20-50 miles, with a charging time of approximately 10 minutes in-between.
  • During this time, Archer has leveraged Stellantis’ deep manufacturing, supply chain, and design expertise in connection with Archer’s efforts to design, develop, and commercialize its eVTOL aircraft.

Archer and Falcon Aviation to Jointly Develop Vertiport Network in Dubai and Abu Dhabi for the Launch of Flying Car Operations in UAE as Soon as 2025

Retrieved on: 
Monday, March 11, 2024
Automotive, Air, EV, Electric Vehicles, Aerospace, Transport, Manufacturing, Alternative Vehicles, Fuels, MOU, Partnership, ACHR, Aviation, SAVI, City, Water, Marina Mall, Abu Dhabi, Multimedia, Freedom Air, Airline

Archer Aviation Inc. (NYSE: ACHR), a leader in electric flying cars, announced today that Falcon Aviation, a prominent Aviation Services Operator in the UAE, has been selected as their vertiport infrastructure partner for critical locations in Dubai and Abu Dhabi.

Key Points: 
  • Archer Aviation Inc. (NYSE: ACHR), a leader in electric flying cars, announced today that Falcon Aviation, a prominent Aviation Services Operator in the UAE, has been selected as their vertiport infrastructure partner for critical locations in Dubai and Abu Dhabi.
  • This collaboration marks a significant step towards launching Archer's Midnight flying car with Falcon Aviation in the UAE and across the MENA region as soon as 2025.
  • View the full release here: https://www.businesswire.com/news/home/20240311456137/en/
    Archer and Falcon Aviation will jointly develop a vertiport network in Dubai and Abu Dhabi, enabling flights between the two cities with Archer’s Midnight flying car while establishing a key operational development for Archer’s plans to launch across the Emirates in both cities as soon as 2025.
  • Today’s announcement reinforces the memorandum of understanding (MOU) signed last year, where Falcon Aviation agreed to operate scores of Archer’s Midnight flying cars.

Archer to Present at 2024 J.P. Morgan Industrials Conference

Retrieved on: 
Friday, March 8, 2024
Environment, EV, Electric Vehicles, Automotive, Air, Transport, Aerospace, Manufacturing, Transportation, Travel, ACHR, Conference

Archer Aviation Inc. (NYSE: ACHR) Chief Commercial Officer, Nikhil Goel, will present at the 2024 J.P. Morgan Industrials Conference on Tuesday, March 12, at 2:50 PM ET.

Key Points: 

Archer Aviation Inc. (NYSE: ACHR) Chief Commercial Officer, Nikhil Goel, will present at the 2024 J.P. Morgan Industrials Conference on Tuesday, March 12, at 2:50 PM ET.

Archer Announces Fourth Quarter and Full Year 2023 Results; Now In Final Phase of Midnight’s Certification Program as it Readies for Launch in 2025

Retrieved on: 
Monday, February 26, 2024
Environment, EV, Electric Vehicles, Automotive, Air, Transport, Aerospace, Manufacturing, Transportation, Travel, Midnight, Archery, ACHR, Certification, Webcast, Letter, Stellantis

Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) today announced operating and financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) today announced operating and financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • The Company issued a shareholder letter discussing those results, as well as its first quarter 2024 estimates.
  • The shareholder letter may be accessed on the Company’s investor relations website here .
  • Commenting on fourth quarter and full year 2023 results, Adam Goldstein, Archer’s CEO said:
    “The Archer team is excited to announce that Midnight is now in the final phase of its certification program.

Archer Receives Part 145 Certification From the Federal Aviation Administration

Retrieved on: 
Thursday, February 8, 2024
Air, Transport, Aerospace, Manufacturing, Midnight, Trust, ACHR, Travel, Federal Aviation Administration, Original equipment manufacturer, Safety, Multimedia, Certification, City, Airline

Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced today that it received its Part 145 certification from the Federal Aviation Administration (FAA).

Key Points: 
  • Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced today that it received its Part 145 certification from the Federal Aviation Administration (FAA).
  • Today’s certification reinforced Archer’s close collaboration with the FAA and reinforced its progress on the path toward commercial flight operations.
  • View the full release here: https://www.businesswire.com/news/home/20240208834555/en/
    Archer receives part 145 certification from the Federal Aviation Administration.
  • It further demonstrates that Archer is prepared to operate repair stations that meet the FAA's rigorous safety and quality benchmarks.

Archer Announces Three Conforming, Piloted Aircraft Are Now Under Construction; Aircraft Will Be Used In FAA “For Credit” Testing

Retrieved on: 
Wednesday, February 7, 2024
Air, Transport, Aerospace, Manufacturing, Transportation, Travel, Multimedia, Certification, Aircraft, ACHR

Archer’s initial fleet of piloted aircraft will begin piloted flight testing later this year, and subsequently be used in “for credit” flight testing with the FAA as the company progresses towards commercialization.

Key Points: 
  • Archer’s initial fleet of piloted aircraft will begin piloted flight testing later this year, and subsequently be used in “for credit” flight testing with the FAA as the company progresses towards commercialization.
  • I believe we are positioned to be the first in the sector to do so.” said Archer Founder & CEO Adam Goldstein.
  • “From day one, Archer’s strategy has been to build an aircraft that is certifiable and manufacturable at scale.
  • Archer’s Midnight is a piloted, four-passenger aircraft designed to perform rapid back-to-back flights with minimal charge time between flights.

Archer To Report Fourth Quarter and Full Year 2023 Operating Update and Financial Results on February 26, 2024

Retrieved on: 
Monday, February 5, 2024
Air, Transport, Aerospace, Manufacturing, Transportation, Travel, Webcast, Conference, ACHR

Archer Aviation Inc. (NYSE: ACHR) will report its fourth quarter and full year 2023 operating update and financial results after market close on Monday, February 26, 2024.

Key Points: 
  • Archer Aviation Inc. (NYSE: ACHR) will report its fourth quarter and full year 2023 operating update and financial results after market close on Monday, February 26, 2024.
  • The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results.
  • Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com .
  • Conference Call Information: To listen to the conference call, dial +1 404-975-4839 (domestic) or +1 833-470-1428 (international), and enter the access code 725920.

Archer’s Midnight Aircraft Successfully Completes Phase 1 of Flight Test Program as Company Continues to Advance Towards FAA Certification

Retrieved on: 
Wednesday, January 31, 2024
Public Transport, Technology, Air, Transport, Drones, Aerospace, Alternative Energy, Manufacturing, Energy, Batteries, Midnight, Maker, Multimedia, Certification, Safety, Aircraft, City, ACHR, Airline

“Midnight is progressing efficiently through our flight test program,” said Archer’s founder and CEO Adam Goldstein. “Over the last four years of flight testing, our team has been able to gather a tremendous amount of data and learnings that enable us to advance Midnight rapidly towards certification. Our team’s focus on safety and relentless execution has gotten us to where we are today and what will allow us to achieve what no other company in the world has done to date--bring electric air taxis to cities across the U.S. and the globe.”

Key Points: 
  • Utilizing learnings from the previous four years of flight testing, Archer’s Midnight aircraft finished the flight test phase in approximately three months, which is significantly faster than Archer’s full-scale prototype aircraft - Maker.
  • View the full release here: https://www.businesswire.com/news/home/20240131746740/en/
    Archer's Midnight aircraft successfully advances through Phase 1 of its flight test program in only 3 months.
  • (Photo: Business Wire)
    “Midnight is progressing efficiently through our flight test program,” said Archer’s founder and CEO Adam Goldstein.
  • Archer’s Midnight is a piloted, four-passenger aircraft designed to perform rapid back-to-back flights with minimal charge time between flights.

Archer Aviation and NASA Sign Space Act Agreement To Collaborate on Mission-Critical eVTOL Aircraft Technologies

Retrieved on: 
Monday, January 22, 2024
Hardware, Data Management, Engineering, Technology, Aerospace, Semiconductor, Manufacturing, Mobile, Wireless, Midnight, Aircraft, Archery, Multimedia, European Synchrotron Radiation Facility, Government, ESRF, NASA, Risk, AAM, Safety, Advanced Air Mobility, ACHR, Cell

Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced it has signed a Space Act Agreement with the National Aeronautics and Space Administration (NASA).

Key Points: 
  • Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced it has signed a Space Act Agreement with the National Aeronautics and Space Administration (NASA).
  • The collaboration will kick off with an initial project focused on studying high-performance battery cells and safety testing targeted for Advanced Air Mobility (AAM) and space applications.
  • Maturing battery technology is anticipated to be a key enabling factor for the mass production and adoption of electric aviation.
  • Core to unlocking this potential is designing, developing, and mass producing batteries and electric motors that are purpose built for electric aircraft.