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Business Insider
17-07-2025
- Business
- Business Insider
Archer Aviation (ACHR) Eyes FAA Approval and Ramps Production Ahead of 2025 Commercial Launch
Archer Aviation (ACHR) is moving closer to launching its first commercial electric air taxi service, backed by expanding partnerships, reaching new test milestones, and holding over $1 billion in cash. While revenue remains at zero and FAA certification is pending, the company is lining up the necessary pieces to begin passenger flights in 2025. In this piece, we examine the milestones already achieved and what still lies ahead for the company ahead of its first commercial flight. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Milestones Already Achieved Only recently, Archer's Midnight aircraft completed a successful test flight in Abu Dhabi under desert heat, humidity, and dust, a key step in demonstrating its ability to perform in real-world conditions. UAE officials and regulators observed the flight, adding institutional weight to the progress. The test supports Archer's Launch Edition program with Abu Dhabi Aviation, which aims to introduce a fleet of Midnight aircraft as air taxis in the capital later this year. To support this rollout, Archer also secured an agreement with Jetex, a global aviation services provider. The two companies plan to retrofit 40 terminals across more than 30 countries to accommodate Midnight aircraft. Their focus begins in the UAE, where Jetex will provide infrastructure, passenger logistics, and concierge support. This enables Archer to skip costly vertiport construction and expand more quickly across key markets. In the U.S., Archer has partnered with United Airlines (UAL), which has placed a $1 billion order, and is also working with the Department of Defense and defense-tech firm Anduril. These collaborations not only help fund operations but also open doors across commercial, defense, and international markets. Financially, Archer reported a Q1 2025 GAAP net loss of $93.4 million, down from $116.5 million the year prior. It ended the quarter with $1.03 billion in cash and added another $300 million through a direct equity raise. Production is on track to scale to two Midnight aircraft per month by year-end at its Georgia facility. Milestones Left Before Commercial Flights To begin commercial service, Archer still needs FAA Type Certification for its Midnight aircraft. This is the final major regulatory step. The aircraft must complete flight and systems testing under the FAA's Type Inspection Authorization (TIA) process, which is expected to run for 9 to 12 months. At the same time, Archer is scaling production at its Georgia facility. The company is targeting two aircraft per month by the end of the year, a move that supports supply chain readiness and prepares it for early-stage fleet deployment. Several regulatory boxes are already checked. Archer holds Part 135 certification, which allows it to operate as an air carrier, and Part 141 approval for pilot training. That gives the company a head start on preparing flight crews ahead of launch. It's also working with partners to get vertiport infrastructure and ground operations in place across key launch markets. The list of what's left is short. Archer is not yet flying passengers, but most of the groundwork is done. With operational approvals secured, production lines active, and pilot programs in motion, FAA Type Certification is now the final item on the list. Is Archer Aviation Stock a Good Buy? average ACHR stock price target sits at $11.75, implying a 3.34% upside.
Yahoo
02-07-2025
- Business
- Yahoo
Archer Aviation (NYSE:ACHR) Completes Test Flight Of Midnight Aircraft In Abu Dhabi
Archer Aviation recently completed a successful initial flight test for its Midnight aircraft in Abu Dhabi, a significant development potentially linked to its 37% rise in share price over the last quarter. This achievement, central to Archer's strategy in urban air mobility, could have boosted investor confidence amidst the company's ambitious commercialization plans in the UAE. Additionally, a new partnership with Jetex to develop infrastructure for an air taxi network complements its broader growth trajectory. These proactive steps align Archer with the prevailing market uplift, as major indices like the S&P 500 and Nasdaq showed strong performances during the same period. We've identified 4 warning signs for Archer Aviation (2 are significant) that you should be aware of. Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit. Archer Aviation (NYSE:ACHR) has seen an impressive total shareholder return of 216.67% over the past three years. This longer-term performance starkly contrasts its volatility over recent months, although, over the past year, Archer's return outpaced the US market's 13.9% return and surpassed the US Aerospace & Defense industry's 43.8% return, reflecting significant investor interest and market recognition of its potential in the urban air mobility sector. The recent milestones, including the successful flight tests of the Midnight aircraft and strategic partnerships, could bolster Archer's future revenue expectations. However, these developments have yet to translate into profitability, with the company remaining unprofitable and posting substantial losses. Moreover, Archer's current share price shows a notable discount to the consensus price target of US$11.94, suggesting room for growth if the company's ambitious plans materialize. Examine Archer Aviation's past performance report to understand how it has performed in prior years. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:ACHR. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
01-07-2025
- Automotive
- Yahoo
Is Archer Aviation Stock a Buy, Sell, or Hold for July 2025?
With every new milestone, the once-distant dream of flying taxis is quickly becoming a near-term reality. The electric vertical takeoff and landing (eVTOL) aircraft industry is still in its developmental stages, but progress is picking up speed. Most manufacturers are now laser-focused on testing and obtaining certifications as they gear up to meet anticipated demand. According to projections, the global eVTOL market could reach $1.75 billion by 2028, growing at an impressive compound annual growth rate (CAGR) of 36% from 2024 to 2028. One company making headlines in the eVTOL space is Archer Aviation (ACHR). Although the firm has yet to generate any revenue, ACHR stock has been attracting massive investor interest due to the company's bold vision and growing list of airline partnerships. The company aims to launch air taxi services in major metropolitan areas, hoping to change how people move around cities in the near future. But with no commercial operations yet and a lot riding on future execution, should investors buy, sell, or hold ACHR stock in July? Elon Musk's Tesla Makes History With 'First Time That a Car Has Delivered Itself to Its Owner' This Defense Stock Could Be the Next Palantir. Should You Buy It Now? Cathie Wood Is Pounding the Table on AMD Stock. Should You Buy Shares Now? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Flying taxis may still sound futuristic, but companies like Archer are working diligently to make them part of everyday life. Based in California, Archer is developing eVTOL aircraft, which are somewhat like helicopters but operate quietly and cleanly thanks to battery power. Designed for short urban trips, these air taxis could soon offer a new way to bypass ground traffic in crowded cities. Midnight, the company's flagship aircraft designed for 20- to 50-mile hops, is nearing its commercial debut later this year. In mid-June, the company entered into a partnership with Jetex to help develop the infrastructure for its air taxi service. The collaboration commences in the United Arab Emirates and will be extended across Jetex's network of 40 private terminals in over 30 countries, paving the way for a global rollout. Archer also got a boost this past month from a new executive order signed by President Donald Trump aimed at accelerating the growth of U.S. drone and eVTOL technologies. The order calls for expanded testing, including 'beyond visual line of sight' flights and dedicated eVTOL pilot programs, potentially clearing regulatory roadblocks for Archer's Midnight aircraft as it moves closer to commercial launch. Presently commanding a market capitalization of around $5.8 billion, shares of this flying taxi company have gained 11% so far this year. However, the stock's longer-term performance is far more striking. Over the past year, ACHR stock has skyrocketed 208%, easily dwarfing the broader S&P 500 Index's ($SPX) modest 14% gain during the same stretch, signaling strong investor enthusiasm for Archer's future in urban air mobility. Archer Aviation's fiscal 2025 first-quarter results, released on May 12, showed progress on some fronts and heavier spending on others. The company reported a net loss of $93.4 million, or $0.17 per share. That was a major improvement from the $116.5 million loss, or $0.36 per share, in the same quarter last year. The reported loss was also better than Wall Street's forecast loss of $0.26 per share. On the other hand, adjusted EBITDA sank further to a loss of $109 million, widening from a $86.8 million loss a year ago. Non-GAAP operating expenses jumped 27% year-over-year (YOY) to $113.1 million, reflecting Archer's aggressive push to scale operations and prepare for its upcoming commercial debut. Despite posting losses and having yet to generate any revenue, Archer Aviation remains in a strong financial position with over $1 billion in cash and equivalents, one of the largest cash cushions in the advanced air mobility space. This solid war chest provides the company with an ample runway to execute its bold vision, from launching commercial operations in the UAE later this year to laying the groundwork for an air taxi network in New York City. Archer is also investing in future-proofing its technology. During the quarter, it announced a strategic partnership with Palantir Technologies (PLTR) to develop cutting-edge artificial intelligence (AI) solutions tailored for next-generation aviation. Looking ahead, Archer is bracing for an adjusted EBITDA loss of $100 million to $120 million in Q2. Over the longer term, analysts tracking the company expect losses to narrow by roughly 30.3% YOY to $0.99 per share in fiscal 2025. Overall, Archer Aviation continues to earn Wall Street's vote of confidence, with analysts sticking to a cautiously bullish 'Moderate Buy' rating. Of the nine analysts offering recommendations, five give it a solid 'Strong Buy,' two suggest a 'Moderate Buy,' and the remaining two recommend a 'Hold' rating. ACHR stock's average analyst price target of $11.94 indicates 10% potential upside from current price levels. However, the Street-high price target of $18 suggests that shares can rally as much as 66% from current levels. Archer Aviation may not be generating revenue yet, but it's building serious momentum, backed by strong partnerships, solid fundamentals, and analyst support. As the countdown to commercial launch continues, Archer remains a compelling name to watch in the race to reshape urban transportation. On the date of publication, Anushka Mukherji did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Tourism Breaking News
30-06-2025
- Business
- Tourism Breaking News
Archer partners with Jetex to integrate global infrastructure portfolio into air taxi network
Post Views: 32 Archer announced a strategic partnership with Jetex focused on developing infrastructure across Jetex's international portfolio of private terminals to support Archer's planned commercial air taxi network. This collaboration, planned to focus initially on infrastructure in the United Arab Emirates, is expected to expand to additional sites around the world across Jetex's global portfolio, which includes 40 private aircraft terminals in more than 30 countries. Building upon Archer's prior partnerships with other leading infrastructure providers, this approach advances Archer's plans to scale a vertiport network that can support the growth plans for Archer's air taxi operations globally. Under this partnership, the two companies plan to enhance Jetex's strategically located fixed base operator (FBOs) locations to better suit Archer's Midnight aircraft. Archer plans to work with Jetex to design the passenger experience and integrate eVTOL aircraft into daily upgrades will be paired with Jetex's luxury service standards to deliver an efficient, tech-enabled customer journey. Adel Mardini, Founder & CEO of Jetex commented: 'eVTOL technology is an instrumental part of our industry, designed to transform urban mobility and shape the future of business aviation. We are proud to work with our partners at Archer on making this ambitious vision a reality at Jetex Abu Dhabi and our other global destinations.' Adam Goldstein, founder and CEO of Archer, said, 'Building a beautiful, safe and high-performing aircraft is only one aspect of our business. To succeed in the UAE and beyond we need to pair Midnight with strategic infrastructure that allows us to operate by delivering a premium experience for our passengers. With their wide-ranging global portfolio, and deep expertise with high-end customer service, Jetex is a perfect fit as a partner in Archer's commercialization strategy.' The announcement comes as Archer continues to advance its certification and commercialization efforts in the UAE and beyond, building on recent achievements including regulatory design approval for the UAE's first hybrid heliport at Abu Dhabi Cruise Terminal and ongoing partnerships with leading regional operators including Abu Dhabi Aviation.
Yahoo
25-06-2025
- Business
- Yahoo
Archer Aviation's Midnight Aircraft Sets Course for Global Takeoff (Revised)
Archer Aviation Inc. ACHR, as a prominent electric vertical takeoff and landing (eVTOL) aircraft developer, is aiming to transform urban air mobility through its flagship aircraft, Midnight. Built for short, frequent flights of 20–50 miles, Midnight aircraft is nearing its commercial rollout following a handful of regulatory approvals and strategic partnerships ACHR has signed June 2025, Archer Aviation signed a strategic partnership with Jetex to develop infrastructure at the latter's network of private terminals for facilitating Midnight aircraft's upcoming commercial air taxi operations. The partnership will initially concentrate on facilities in the United Arab Emirates, with plans to scale across Jetex's broader portfolio of 40 private terminals in more than 30 countries to this, ACHR joined U.S. and international regulators to launch a five-nation alliance aimed at streamlining global certification and deployment of its Midnight eVTOL flight testing already underway and certification efforts in progress, the Midnight aircraft remains well-positioned to take-off smoothly, further supported by the aforementioned strategic moves undertaken by ACHR. With demand for faster, cleaner and more efficient urban transportation on the rise, the eVTOL industry is attracting growing interest from both investors and aviation leaders. Thus, Archer Aviation apart, other players like Joby Aviation Inc. JOBY and Embraer ERJ are also making notable progress in this Aviation is advancing rapidly with its air taxi program. It has completed more than 40,000 miles of test flights and is now operating six aircraft in its test fleet. It plans to launch commercial passenger services in cities like Los Angeles, New York and the other hand, Embraer's Eve Air Mobility is developing an eVTOL aircraft focused on regional transport. Eve has gained strong industry interest, supported by Embraer's experience in commercial aviation and existing relationships with global airlines. The company is also focused on building urban air traffic management systems to support the safe integration of eVTOLs into city airspace. Shares of ACHR have gained 173.2% in the past year compared with the industry's 16.4% growth. Image Source: Zacks Investment Research The company's shares are trading at a discount on a relative basis, with its trailing 12-month Price/Book being 5.43X compared with its industry's average of 5.87X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for ACHR's 2025 and 2026 loss has improved over the past 60 days. Image Source: Zacks Investment Research ACHR stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. (We are reissuing this article to correct a mistake. The original article, issued on June 24, 2025, should no longer be relied upon.) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Embraer-Empresa Brasileira de Aeronautica (ERJ) : Free Stock Analysis Report Joby Aviation, Inc. (JOBY) : Free Stock Analysis Report Archer Aviation Inc. (ACHR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
