Archer eVTOL United purchases 100 aircraft

0

Archer eVTOLUnited pays Archer $10m pre-delivery for 100 eVTOL planes

Archer Aviation [NYSE:ACHR] is one of the securities of AdvisorShares Drone Technology ETF [NYSE ARCA:UAV], the only ETF dedicated to the drone economy. The AdvisorShares Drone Technology ETF is a thematic investment strategy aimed at capturing growth opportunities in drones and autonomous vehicles (AV). AdvisorShares is a sponsor of DRONELIFE.

by DRONELIFE Editor Ian M Crosby

Today, Archer Aviation announced that United Airlines has submitted a $10 million pre-delivery payment for 100 Archer initial production eVTOL aircraft.

Continue reading below or listen:

This is a major milestone for the eVTOL industry, illustrating confidence in the commercialization of eVTOL aircraft as well as Archer’s leadership. United initially agreed to purchase 100 aircraft from Archer last year, demonstrating its interest in becoming one of the first US airline operators to market eVTOL aircraft.

Archer eVTOLArcher recently completed the Preliminary Design Review (PDR) of its production aircraft, an in-depth assessment of the aircraft design to ensure the program is ready to proceed to the next stage of development and launch production of long-term material. The review examines each element of the aircraft’s manufacturing specifications and requirements to assess the design’s feasibility for regulatory compliance and market entry.

This is the latest show of support from United throughout Archer’s development process. The two companies recently formed a Joint eVTOL Advisory Board, allowing both parties to collaborate more closely on eVTOL maintenance and operational issues. The committee includes members from Archer’s operations and maintenance management, as well as United’s maintenance, materials and engineering management.

Archer eVTOL“I am incredibly proud of the entire Archer team as we reach this important milestone in our partnership with United Airlines,” said Archer CEO Adam Goldstein. “Receiving a cash deposit is a validation of Archer’s accomplishments to date, not only in flight testing and product development, but also a great signal of confidence in our roadmap to commercialization. We We are grateful to United for their continued partnership as we usher in this new era of air travel.”

“This announcement marks another important step in our relationship with Archer and our commitment to EVTOL technology. We are witnessing an inflection point where consumers, businesses and policy makers are all aligned to prioritize technology that reduces the impact of climate change,” said Michael Leskinen, President of United Airlines Ventures. “United Airlines Ventures has invested in a diverse list of companies working in support of our goal of achieving carbon neutrality by 2050, without using traditional carbon offsets. We believe eVTOLs have the potential to both help achieve carbon-neutral travel and serve as an innovative new tool to change the way United customers experience comfort, convenience and efficiency while traveling. in cities around the world.

Learn more about Archer:

Ian attended Dominican University in California, where he graduated with a BA in English in 2019. With a lifelong passion for writing and storytelling and a keen interest in technology, he now contributes to DroneLife as an editor .



Source link

Share.

Comments are closed.