Archer Aviation and United Airlines Form eVTOL Operations Committee

California-based Archer Aviation and United Airlines is creating a joint advisory committee aimed at supporting Archer’s goals to operate an airline fleet of electric vertical takeoff and landing (eVTOL) air taxis.

Thom Patterson

Thursday, April 28, 2022 at 04:33 PM ET

Verified

Archer’s full-scale, two-seat test article Maker is seen during its first uncrewed hover test last December. [Courtesy: Archer Aviation]

Key Takeaways:

Archer Aviation and United Airlines formed a joint advisory committee to develop operational and maintenance strategies for Archer's eVTOL air taxi fleet, building on United's prior $1 billion aircraft purchase agreement.
J.P. Morgan and Deutsche Bank issued positive investment ratings for Archer (Overweight/$7 target and Buy/$10 target, respectively), citing its pragmatic approach and strong partnerships, which significantly boosted its share price.
Archer aims to launch its electric air taxi service by 2024, with this partnership and analyst confidence supporting its vertically integrated urban air mobility business model.

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California-based Archer Aviation (NYSE: ACHR) and United Airlines (NASDAQ: UAL) are creating a joint advisory committee aimed at supporting Archer’s goals to operate an airline fleet of electric vertical takeoff and landing (eVTOL) air taxis.

The news comes as investment analysts at J.P. Morgan gave Archer an Overweight rating with a target of $7 per share, saying Archer’s “pragmatic approach” to aircraft design and “strong supplier/manufacturing partnerships” may lessen the risk from certification timing.