Archer Air Receives FAA Certification To Begin Operating Commercial Airline

RTTNews | 239 days ago
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 days ago
TSX Rises To Record High On All-round Buying

TSX Rises To Record High On All-round Buying

The Canadian market is up firmly in positive territory a little before noon on Thursday with stocks from several sectors moving higher on strong buying support. Mining stocks are up sharply following a notable increase in metal prices, and technology stocks are gaining in strength, tracking impressive earnings updates from a few big name U.S. tech companies.
RTTNews | 6h 19min ago
U.S. Pending Home Sales Unexpectedly Pull Back Sharply In December

U.S. Pending Home Sales Unexpectedly Pull Back Sharply In December

After reporting four straight monthly increases by U.S. pending home sales, the National Association of Realtors released a report on Thursday showing pending home sales unexpectedly pulled back sharply in the month of December. NAR said its pending home sales index plunged by 5.5 percent to 74.2 in December after jumping by 1.6 percent to a downwardly revised 78.5 in November.
RTTNews | 7h 36min ago
U.S. Economic Growth Slows More Than Expected In Q4

U.S. Economic Growth Slows More Than Expected In Q4

U.S. economic growth in the fourth quarter of 2024 fell short of economist estimates, according to a report released by the Commerce Department on Thursday. The report said gross domestic product shot up by 2.3 percent in the fourth quarter after surging by 3.1 percent in the third quarter. Economists had expected GDP to jump by 2.6 percent.
RTTNews | 8h 3min ago
U.S. Jobless Claims Dip More Than Expected To 207,000

U.S. Jobless Claims Dip More Than Expected To 207,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended January 25th. The Labor Department said initial jobless claims fell to 207,000, a decrease of 16,000 from the previous week's unrevised level of 223,000. Economists had expected jobless claims to slip to 220,000.
RTTNews | 8h 18min ago