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

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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 have formed a joint advisory committee to develop operational and maintenance concepts for Archer’s planned electric vertical takeoff and landing (eVTOL) air taxi fleet, leveraging United's commercial aviation experience.
J.P. Morgan initiated coverage on Archer with an "Overweight" rating and a $7 price target, citing the company's pragmatic aircraft design approach and strong manufacturing partnerships.
These developments, alongside Archer’s goal to enter service by 2024, position the company favorably within a rapidly growing eVTOL market estimated to reach up to $1 trillion.

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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.