Archer Aviation Receives FAA Market Survey Certificate for Midnight Operations in Los Angeles
Archer Aviation (NYSE: ACHR) has announced that its Midnight aircraft has received a Market Survey Special Airworthiness Certificate from the Federal Aviation Administration (FAA). This regulatory milestone allows the company to begin flight operations in Los Angeles, marking a critical step toward transitioning to passenger-carrying flights. The company also provided financial guidance, anticipating Q4 revenue in the range of $5 million to $6 million. This development represents significant progress in Archer's commercialization roadmap as it moves closer to deploying its electric vertical takeoff and landing (eVTOL) technology for urban air mobility.
Tickers: $ACHR
Topics: aircraft testing eVTOL FAA certification
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