:Archer Aviation said on Thursday a joint venture between Japan Airlines and Sumitomo Corp had secured the right to place orders for up to 100 of its electric air-taxis worth $500 million.Shares of Archer Aviation rose 7 per cent in morning trading.If placed, the order from the joint venture, Soracle,

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JAL-Sumitomo JV secures right to place order for up to 100 Archer air-taxis

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$ACHR: An agreement has been reached with Japan Airlines & its joint venture, to Buy Up to $500M Electric Aircraft

Image: Archer  Archer Aviation, a leading electric flight company based in San Jose, California, is bringing its futuristic air taxis to Japan. The company will sell 100 of its Midnight battery-powered aircraft to Soracle, a joint venture between Japan Airlines and Sumitomo Corporation, in a deal valued approximately at $500 million.  Archer says that Soracle plans on deploying its aircraft — which look like a cross between a drone and a helicop…

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Archer Aviation gets another big order for its futuristic air taxis

Japan is quickly becoming a hub for eVTOL and air taxi technology. This morning, Archer Aviation announced it is the latest sustainable aviation developer to sign a deal in the region and implement aerial taxi transportation, beginning with Soracle Corporation’s purchase of up to 100 Midnight eVTOL aircraft. more…

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Archer Aviation signs a joint venture with Soracle to bring eVTOL air taxi services to Japan

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Archer Aviation ($ACHR) Partners with Soracle to Bring eVTOL Air Mobility Services to Japan

In a bid to transform urban transportation in Japan, California-based Archer Aviation has struck a new agreement with Soracle, a joint venture of Japan Airlines and Sumitomo Corporation.  The venture grants Soracle the right to order up to 100 Midnight aircraft, a deal valued at approximately $500 million. As part of the commitment, Soracle will make pre-delivery payments as production milestones are achieved. Together, the companies aim to tack…

Archer and Soracle to Launch Air Taxis in Japan

Image: Archer Archer Aviation, a leading electric flight company based in San Jose, California, is bringing its futuristic air taxis to Japan. The company will sell 100 of its Midnight battery-powered aircraft to Soracle, a joint venture between Japan Airlines and Sumitomo Corporation, in a deal valued approximately at $500 million. Archer says that Soracle... The post Archer Aviation gets another big order for its futuristic air taxis appeared …

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Archer Aviation gets another big order for its futuristic

Image: Archer Archer Aviation, a leading electric flight company based in San Jose, California, is bringing its futuristic air taxis to Japan. The company will sell 100 of its Midnight battery-powered aircraft to Soracle, a joint venture between Japan Airlines and Sumitomo Corporation, in a deal valued approximately at $500 million. Archer says that Soracle plans on deploying its aircraft - which look like a cross between a drone and a helicopte…

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Archer Aviation will provide a new Japan Airlines and Sumitomo Corporation joint venture with up to 100 Midnight eVTOL air taxi aircraft.

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Archer Aviation to Provide Japan Airlines Venture With up to 100 eVTOL Aircraft

Soracle, a joint venture between Japan Airlines and Japanese conglomerate Sumitomo created in June to operate electric vertical takeoff and landing (VTOL) air taxis, signed an agreement giving it the option to purchase as many as 100 Midnight aircraft from manufacturer Archer Aviation, the company announced Thursday. The agreement—worth up to $500 million, or about $5 million per vehicle—is the latest big-money deal for Archer, which in August s…

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Archer Midnight Air Taxi Heads to Japan in $500M Deal

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JAL-Sumitomo JV secures right to place order for up to 100 Archer air-taxis

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