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Archer Aviation ($ACHR) Signs Deal in Abu Dhabi to Advance Air Taxi Operations Across UAE
Manage episode 414795870 series 3366344
Content provided by Green Stock News. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Green Stock News or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Archer Aviation (NYSE: ACHR), a leader in eVTOL aircraft development, announced the framework of a significant agreement in Abu Dhabi. This multi-hundred-million dollar deal accelerates Archer's air taxi operations in the United Arab Emirates, starting next year. The agreement includes investments in manufacturing, operations, and training.
This agreement makes Abu Dhabi a global leader in urban air mobility with plans to launch air taxi operations using Archer's Midnight aircraft. Key aspects of the collaboration involve vertiport construction, operational support, and local workforce development.
Archer aims to revolutionize urban travel by offering electric air taxi flights, reducing commutes from hours to minutes. The piloted Midnight aircraft is designed for rapid, efficient travel with minimal downtime between flights.
Archer founder and CEO, Adam Goldstein stated: “This agreement underscores Abu Dhabi’s strong commitment to Archer and conviction to become a global hub for urban air mobility.”
Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks.
Shares of Archer Aviation trade on the NYSE under the ticker symbol ACHR. For more information, or to sign up for our free daily newsletter, visit www.greenstocknews.com
521 episodes
Share
Manage episode 414795870 series 3366344
Content provided by Green Stock News. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Green Stock News or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Archer Aviation (NYSE: ACHR), a leader in eVTOL aircraft development, announced the framework of a significant agreement in Abu Dhabi. This multi-hundred-million dollar deal accelerates Archer's air taxi operations in the United Arab Emirates, starting next year. The agreement includes investments in manufacturing, operations, and training.
This agreement makes Abu Dhabi a global leader in urban air mobility with plans to launch air taxi operations using Archer's Midnight aircraft. Key aspects of the collaboration involve vertiport construction, operational support, and local workforce development.
Archer aims to revolutionize urban travel by offering electric air taxi flights, reducing commutes from hours to minutes. The piloted Midnight aircraft is designed for rapid, efficient travel with minimal downtime between flights.
Archer founder and CEO, Adam Goldstein stated: “This agreement underscores Abu Dhabi’s strong commitment to Archer and conviction to become a global hub for urban air mobility.”
Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks.
Shares of Archer Aviation trade on the NYSE under the ticker symbol ACHR. For more information, or to sign up for our free daily newsletter, visit www.greenstocknews.com
521 episodes
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Similar to Green Stock News
Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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