Archer Air Receives FAA Certification To Begin Operating Commercial Airline

RTTNews | 239 hari yang lalu
Archer Air Receives FAA Certification To Begin Operating Commercial Airline

(RTTNews) - Archer Aviation Inc. (ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced Wednesday that its subsidiary, Archer Air, has received its Part 135 Air Carrier & Operator Certificate from the Federal Aviation Administration (FAA).

This certificate allows Archer to begin operating aircraft commercially to refine its systems and procedures in advance of launching Midnight into service for airlines like United Airlines when it receives Midnight's Type Certification.

To receive the certification, Archer Air has developed, and demonstrated to the FAA its adherence to, the necessary policies and procedures to begin operating aircraft commercially in accordance with the stringent safety and operational standards set forth by the FAA.

Archer is now one of two air taxi manufacturers in the world to have announced receipt of a Part 135 certificate from the FAA.

In addition to its Part 135 certificate, Archer previously announced it has received its Part 145 certificate from the FAA allowing it to perform specialized aircraft repair services. This means Archer has now received the two key operational certificates required from the FAA for it to be in a position to begin its air taxi operations when Midnight receives its Type Certification.

The FAA also recently issued the final airworthiness criteria for the Midnight aircraft. Archer's Midnight is a piloted, four-passenger aircraft designed to perform rapid back-to-back flights with minimal charge time between flights.

read more
United Airlines, Archer To Launch First Air Taxi Route In Chicago

United Airlines, Archer To Launch First Air Taxi Route In Chicago

United Airlines and Archer Aviation Inc. announced plans to launch the first commercial electric air taxi route in Chicago, between O'Hare International Airport or ORD and Vertiport Chicago. As part of their urban air mobility or UAM network buildout, both companies will utilize Archer's electric vertical takeoff and landing or eVTOL aircraft in the new route.
RTTNews | 679 hari yang lalu
South Korea Shares Poised To Return To The Upside

South Korea Shares Poised To Return To The Upside

Ahead of the Lunar New Year holiday, the South Korea stock market had moved higher in two of three trading days since the end of the three-day losing streak in which it had eased almost 10 points or 0.4 percent. The KOSPI now rests just above the 2,535-point plateau and it's tipped to open in the green on Friday.
RTTNews | 5j 31min yang lalu
Dollar Recovers After Setback, Gains Against Major Counterparts

Dollar Recovers After Setback, Gains Against Major Counterparts

The U.S. dollar fell after data showed the U.S. economic growth slowed in the fourth quarter of 2024, but climbed higher as the session progressed on Thursday as traders weighed the latest batch of economic data and the Federal Reserve's monetary policy announcement earlier this week.
RTTNews | 5j 58min yang lalu
Japan Data Due On Friday

Japan Data Due On Friday

Japan is scheduled to release a raft of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are December numbers for unemployment, industrial production, retail sales, construction orders and housing starts, as well as January figures for Tokyo inflation.
RTTNews | 6j 1min yang lalu
Swiss Market Extends Winning Streak, Ends Moderately Higher

Swiss Market Extends Winning Streak, Ends Moderately Higher

The Switzerland market closed on a firm note on Thursday, extending recent gains, after data showed an improvement in Swiss business confidence. An interest rate cut by the European Central Bank and largely positive moves in other European markets aided sentiment.
RTTNews | 9j 33min yang lalu
ECB To Cut Rates Again As Lagarde Sees Disinflation

ECB To Cut Rates Again As Lagarde Sees Disinflation "Well On Track"

The European Central Bank lowered its interest rates for a fourth policy session in a row on Thursday and is likely to opt for more easing going forward as policymakers seek neutrality amid a slump in Eurozone growth and expectations for inflation to return to target over the course of the year.
RTTNews | 9j 41min yang lalu