The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

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

by admin June 6, 2024
June 6, 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
Bad economic news has been good for stocks, but that could change this week
next post
Dollar Tree is exploring a sale of its Family Dollar brand

Related Posts

Trump Media director accused of ‘hacking’ files in...

April 13, 2024

Summer box office bust? This season’s movie slate...

May 9, 2024

IRS announces Direct File as permanent free tax-filing...

May 31, 2024

Trump not expected to carry through on Day...

January 22, 2025

OpenAI is done with Shipmas and staring down...

December 21, 2024

Walmart pulls back on DEI efforts, removes some...

November 27, 2024

From pandemic struggles to St. Patrick’s Day crowds,...

March 17, 2025

KFC moves U.S. headquarters from Kentucky to Texas

February 20, 2025

FDIC Chair Martin Gruenberg to resign after damning...

May 21, 2024

Boeing, Alaska Airlines point fingers at each other...

March 14, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Latest

    • Larry Williams on the Fed, Interest Rates & Markets! What’s Next?

      June 2, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      June 2, 2025
    • Senate Republicans eye changes to Trump’s megabill after House win

      June 2, 2025
    • Trump shares post saying Biden was executed, replaced with clones

      June 2, 2025
    • House Dems’ campaign chair says her party’s ‘on offense’ in 2026 battle to win back majority from GOP

      June 2, 2025
    • Kevin Hassett ‘very, very confident’ courts will back Trump’s tariffs amid legal setback

      June 2, 2025

    Categories

    • Business (1,220)
    • Politics (3,611)
    • Stocks (1,379)
    • Uncategorized (45)
    • World News (1,213)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, 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 thetraderharbor.com | All Rights Reserved