Archer Plans Sale of 100 Electric Air Taxis to UAE’s Air Chateau, Its Third Commercial Customer

The eVTOL aircraft manufacturer also has a purchase agreement from the U.S. Air Force.

Friday, November 17, 2023 at 02:07 PM ET

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A digital rendering of Archer’s Midnight electric air taxi flying over Abu Dhabi, United Arab Emirates. [Courtesy: Archer Aviation]

Key Takeaways:

Archer Aviation signed a memorandum of understanding (MOU) with Emirati private heliport operator Air Chateau International for the planned purchase of 100 Midnight eVTOL aircraft, valued at approximately $500 million.
This agreement makes Air Chateau Archer's third commercial customer, with plans to operate the electric air taxis regionwide in the UAE, primarily serving "ultra-high net worth individuals."
The deal reinforces Archer's strategy to launch eVTOL services and establish manufacturing and infrastructure in the UAE by 2026, building on previous partnerships in the region.

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Electric vertical takeoff and landing (eVTOL) aircraft manufacturer Archer Aviation looks like it may have locked down its third commercial customer.

On Thursday at the Dubai Airshow in the United Arab Emirates, Archer signed a memorandum of understanding (MOU) with Emirati private heliport operator Air Chateau International for the planned purchase of 100 Midnight electric air taxis, which the latter plans to own and operate regionwide. Archer estimated the value of the deal at around $500 million.