Hawthorne Airport Acquired for $126M with Plans to Become Air Taxi Network Hub

Why Archer Aviation Stock Fell Today

Key PointsArcher Aviation wants to build a new hub for its upcoming air taxi network.Investors aren't thrilled about the costs.10 stocks we like better than Archer Aviation › Shares of Archer Aviation (NYSE: ACHR) descended on Friday after the electric aircraft developer announced a share sale to fund the purchase of Hawthorne Airport in Los Angeles, California. By the close of trading, Archer's stock price was down more than 7% after sinking as…

Hawthorne Airport acquired for $126M with plans to become air taxi network hub

Archer Aviation has acquired Hawthorne Airport for $126 million, aiming to establish it as a central hub for its air taxi network operations.

Archer Buys LA-Area Airport

Archer Aviation announced Thursday that it has signed definitive agreements to acquire control of Hawthorne Municipal Airport near Los Angeles, California, for $126 million in cash. The 80-acre airport, also known as Jack Northrop Field, is an FAA-designated general aviation reliever airport owned by the City of Hawthorne. Located within three miles of Los Angeles International Airport (LAX), the airport offers private VIP facilities and quick a…

Archer to buy Hawthorne Airport to anchor Los Angeles air taxi operations

Archer Aviation has reached an agreement to acquire Hawthorne Airport in Los Angeles for $126m in cash. TheThe post Archer to buy Hawthorne Airport to anchor Los Angeles air taxi operations appeared first on Airport Technology.

eVTOL-maker Archer to build test center at Hawthorne Airport in Los Angeles – Aerospace Testing International

eVTOL-maker Archer to build test center at Hawthorne Airport in Los Angeles  Aerospace Testing International Source link The post eVTOL-maker Archer to build test center at Hawthorne Airport in Los Angeles – Aerospace Testing International first appeared on Online EV Marketplace.