Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

Electric air taxi maker Archer Aviation gets key FAA sign-off

by admin June 7, 2024
June 7, 2024
Electric air taxi maker Archer Aviation gets key FAA sign-off

The Federal Aviation Administration has granted Archer Aviation a key certification that gets the electric air taxi maker closer to eventually flying travelers, the company said Wednesday.

Archer is making electric vertical takeoff and landing aircraft, or eVTOLs, and won orders and backing in 2021 from United Airlines, which says the new technology could reduce carbon emissions.

Carriers have been investing in or ordering eVTOL aircraft, which take off and land vertically like helicopters and whose developers say they can cut down on emissions in congested areas. United, for example, says passengers could take them to and from the airport in big cities, such as between Manhattan and United’s hub in Newark, New Jersey.

“Today we have received the Part 135 certification, which allows us to effectively become an airline so we can carry passengers,” Archer CEO Adam Goldstein told CNBC.

The process has taken Archer about two years: It submitted more than 2,000 pages of documents and 14 manuals outlining operational procedures, training and maintenance.

Now Archer has to get its four-passenger aircraft, called “Midnight,” certified by the FAA, which the company is currently working on, Goldstein said. That could put the air taxis into service as early as next year, the company estimates. Goldstein said he couldn’t give an exact time frame but when asked about certification delays on variants of older aircraft, he noted that Archer’s aircraft are much simpler with far fewer components than commercial jets.

Visitors to the 2023 Dubai Air Show sit inside an Archer Aviation Midnight aircraft.Christopher Pike / Bloomberg via Getty Images file

Archer’s demonstrator aircraft, Maker, can fly up to 60 miles at top speeds of 150 mph. The company’s Midnight aircraft has a range of 100 miles, though Archer aims to use it for shorter distances.

United is working with Archer on what it would look like to enter the electric aircraft into service.

“This is not something that is a push of a button,” said Andrew Chang, managing director of United Airlines’ venture arm. “It’s matching how quickly [Archer] can progress the operational side and how to fit that within our airport hubs.”

Archer has partnered with automaker Stellantis to produce hundreds of the electric air taxis.

Archer’s rivals have also made strides. Joby Aviation received its Part 135 certificate two years ago, has a partnership with the U.S. Air Force, and has won orders and backing from Delta Air Lines. On Tuesday, Joby said it plans to acquire the autonomy division of autonomous aviation company Xwing.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Nvidia passes Apple in market cap as second-most valuable public U.S. company
next post
GM CEO says commitment to all-electric fleet remains firm despite industry-wide sales slowdown

Related Posts

Disney will name Bob Iger’s replacement in early...

October 22, 2024

Pennsylvania Sen. Casey warns Amazon, Target and Walmart...

June 24, 2024

Trump signs executive order to end collective bargaining...

March 29, 2025

Nvidia CEO Jensen Huang’s net worth swells from...

May 27, 2024

X sees major outages as Musk claims ‘massive...

March 12, 2025

Microsoft 365 working to address potential Outlook and...

November 26, 2024

U.S. online stores put ‘out of stock’ signs...

June 12, 2025

U.S. autoworkers union seeks tough victory at Mercedes...

May 14, 2024

Starbucks imposes new limits on what baristas can...

April 28, 2025

The ‘funflation’ effect: Why Americans are spending on...

June 28, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Week Ahead: NIFTY Set To Stay In A Defined Range Unless These Levels Are Taken Out; Drags Support Higher

      July 6, 2025
    • Xi Jinping’s surprise no-show at BRICS Summit fuels speculation about China’s global standing

      July 6, 2025
    • Democrats project doom and gloom, not celebration, with July 4 messages

      July 6, 2025
    • Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third Party AI for Siri

      July 6, 2025
    • This July 4th, a family waits: American hostage’s father pleads for son’s freedom from Hamas terrorists

      July 5, 2025

    Categories

    • Business (1,012)
    • Investing (2,542)
    • Politics (3,149)
    • Stocks (1,117)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved