Flying Taxi Startup Buys CA Airport As Test Bed For AI Aviation

Flying Taxi Startup Buys CA Airport As Test Bed For AI Aviation

The Bay Area's Archer Aviation plans to bring flying taxis to California in time for the 2028 Olympics.

Bay Area aviation startup buys small LA airport to use as air taxi hub

(KRON) -- A Bay Area based aviation tech startup has purchased a small Los Angeles-area airport to use as a hub for air taxi service. Archer Aviation, which is based in San Jose, announced last week that it had purchased Hawthorne Airport in the South Bay area of Los Angeles County. The aviation startup, which was launched in 2018, said it will use the airport as a hub for a planned LA air taxi network and as a testbed for AI-powered aviation te…

Archer Aviation Keeps Falling. Is the eVTOL Stock Too Cheap to Ignore?

Quick Read Archer Aviation (ACHR) stock dropped 20% after announcing a $126M airport acquisition that will be funded through dilutive share sales. Archer holds over $1B in order backlog and targets FAA certification by 2026 for its Midnight aircraft. The stock trades at a 40% discount to the average analyst price target of $11.81. It sounds nuts, but SoFi is giving new active invest users up to $1k in stock, see for yourself (Sponsor) Archer…

Archer Aviation to Acquire Los Angeles Airport as Strategic Air Taxi Hub and AI Testbed

Acquisition Overview Archer Aviation (NYSE: ACHR) has announced an agreement to acquire control of Hawthorne Municipal Airport (KHHR) in Los Angeles for approximately $126 million in cash. The 80-acre site will serve as both the operational hub and artificial intelligence (AI) testbed for the company’s planned Los Angeles air taxi network. The transaction remains subject […] The post Archer Aviation to Acquire Los Angeles Airport as Strategic Ai…

Archer acquires Los Angeles airport for use as electric air-taxi hub

Amid a flurry of announcements showing that it's going from strength to strength, electric vertical takeoff and landing (eVTOL) maker Archer has said it's purchasing an airport in Los Angeles from which its futuristic vehicles will launch and land.Continue ReadingCategory: Aircraft, TransportTags: eVTOL, Archer Aviation, Air Taxis, Flying taxi, Airports

“Planning permission granted for eVTOL vertiport at FMCI complex at Shannon airport”

In a Linkedin post, O’Neill O’Malley Architecture of Galway in Ireland reports that it has “received Full Planning Permission for a cutting-edge eVTOL/eCTOL Verti-Port Facility at Shannon Airport Campus.” “This project represents a major step toward the future of sustainable air mobility, building on the robust infrastructure developed by Future Mobility Campus Ireland (FMCI) and The Shannon Airport Group,” said the company in the post. In June t