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Monday, September 9, 2024

Archer Aviation, Air Chateau Ink $100 M Deal


Archer Aviation, an American producer of eVTOLs, and Air Chateau Worldwide, a complicated air mobility companies supplier primarily based within the UAE, not too long ago introduced a Memorandum of Understanding signed on the Dubai Air Present protecting a deliberate buy of over $100 million value of Midnight eVTOLs with an preliminary deposit due by the top of the yr. Whereas the businesses nonetheless plan on understanding additional particulars, this deal establishes Air Chateau as a brand new companion in Archer’s beforehand introduced efforts to convey AAM air taxi companies to Dubai and Abu Dhabi by 2026.

“It was an honor internet hosting Air Chateau’s staff on the Dubai Air Present 2023 throughout which they had been capable of contact, see and really feel our plane because it headlined the present,” mentioned Archer Founder and CEO, Adam Goldstein. “Their recognition that our Midnight plane meets what the shopper calls for within the UAE market and need to safe the acquisition of up to 100 Midnight plane is one other thrilling validation of our efforts to convey to market an plane that may revolutionize how folks transfer in and round cities.”

“This exceptional alternative signifies the continued evolution of Air Chateau, heralding a transformative period in our trade. Embarking on our journey into being an infrastructure supplier two years in the past for helicopters, in the present day, we stand on the precipice of realizing our imaginative and prescient for the way forward for city air mobility with eVTOLs in Dubai and throughout the UAE. The assist of our visionary companions has been instrumental in our journey, and as we unveil this thrilling chapter, we’re privileged to share a collective imaginative and prescient. We’re very grateful for having the chance to pave the best way for the way forward for Air Mobility in Dubai with Archer” mentioned Dr. Samir Mohamed, Chairman and Founding father of Air Chateau.

This announcement follows current strikes by Archer within the superior air mobility area, together with the deliberate 2026 opening of an engineering Middle of Excellence to assist the rising superior air mobility trade within the UAE with plans to collaborate with native producers to supply eVTOLs. Different not too long ago introduced merchandise embody new air taxi companies in India by 2026 and a Particular Airworthiness Certificates for the Midnight from the FAA.

Extra info on Archer Aviation and the Midnight eVTOL might be discovered right here

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