12.07.2024 17:46:40 - dpa-AFX: Archer Aviation Signs MoU With Southwest Airlines To Develop Electric Air Taxi Service

WASHINGTON (dpa-AFX) - Friday, Archer Aviation Inc. (ACHR) signed a
memorandum of understanding with Southwest Airlines Co. (LUV) to collaborate on
operational plans for an electric air taxi service using Archer's eVTOL aircraft
at California airport.

The service will utilize Archer's battery-powered, four-passenger, tilt-rotor
Midnight aircraft, capable of vertical takeoff and landing like a helicopter.
Through this agreement, the aircraft will have access to 14 California airports
served by Southwest.

Archer positions its Midnight aircraft as a competitive and environment-friendly
transportation solution, aiming to revolutionize urban travel by offering
electric air taxi flights of 10 to 20 minutes, replacing typical 60 to 90 minute
car commutes.

Additionally, Archer will partner with Southwest employees and unions, such as
the Southwest Airlines Pilots Association, to establish an air taxi network
throughout California.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
SOUTHW. AIRL. CO. DL 1 862837 Frankfurt 24,135 02.08.24 08:01:38 -0,745 -2,99% 0,000 0,000 24,135 24,135

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