Archer Aviation, Air Chateau Ink $100 M Deal


Archer Aviation, an American producer of eVTOLs, and Air Chateau Worldwide, a sophisticated air mobility companies supplier primarily based within the UAE, just lately introduced a Memorandum of Understanding signed on the Dubai Air Present masking a deliberate buy of over $100 million price of Midnight eVTOLs with an preliminary deposit due by the top of the 12 months. Whereas the businesses nonetheless plan on figuring out additional particulars, this deal establishes Air Chateau as a brand new accomplice in Archer’s beforehand introduced efforts to deliver AAM air taxi companies to Dubai and Abu Dhabi by 2026.

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

“This outstanding alternative signifies the continuing 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, at present, 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 help 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 way in which for the way forward for Air Mobility in Dubai with Archer” stated Dr. Samir Mohamed, Chairman and Founding father of Air Chateau.

This announcement follows latest strikes by Archer within the superior air mobility area, together with the deliberate 2026 opening of an engineering Heart of Excellence to help the rising superior air mobility trade within the UAE with plans to collaborate with native producers to provide eVTOLs. Different just lately introduced merchandise embrace new air taxi companies in India by 2026 and a Particular Airworthiness Certificates for the Midnight from the FAA.

Extra data on Archer Aviation and the Midnight eVTOL could be discovered right here

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