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 heliport operator Air Chateau International for the planned purchase of 100 Midnight eVTOL aircraft, a deal valued at approximately $500 million.
This agreement marks Archer's third commercial customer for its Midnight air taxis, with Air Chateau intending to operate these for ultra-high net worth individuals across the UAE.
The partnership significantly strengthens Archer's strategy to launch electric air taxi services in the UAE by 2026, which includes plans for an engineering Center of Excellence and a manufacturing plant in Abu Dhabi.

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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.