Archer Aviation And Signature Aviation Sign MOU; Gives Archer Access To Takeoff And Landing Sites
Portfolio Pulse from Benzinga Newsdesk
Archer Aviation and Signature Aviation have signed an MOU to launch air taxi services, starting in key United Airlines hubs by the end of 2025. The agreement includes electrifying Signature's private aviation terminals and installing rapid charging systems.
June 17, 2024 | 1:02 pm
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Archer Aviation has signed an MOU with Signature Aviation to launch air taxi services by the end of 2025, starting in key United Airlines hubs. This partnership includes electrifying private aviation terminals and installing rapid charging systems.
The MOU with Signature Aviation provides Archer with access to key takeoff and landing sites, which is crucial for the successful launch of their air taxi services. This partnership is likely to positively impact Archer's stock in the short term as it demonstrates significant progress towards their operational goals.
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