Latest news with #verticaltakeoff
Gulf Business
21 hours ago
- Automotive
- Gulf Business
Abu Dhabi: Archer successfully completes test flight of Midnight eVTOL aircraft
Image: Supplied The flight test focused on evaluating the aircraft's vertical take-off and landing performance under UAE-specific conditions — high temperatures, humidity, and dust exposure — as part of Archer's preparations for regional certification and deployment. The company said it will continue expanding its flight testing programme in the region to gather additional data to support its certification and commercialisation efforts in both the UAE and other key markets. The flight was conducted with the support of the Smart and Autonomous Systems Council (SASC) and was attended by senior leadership from the UAE General Civil Aviation Authority (GCAA), the Abu Dhabi Investment Office (ADIO), the Integrated Transport Centre, Abu Dhabi Aviation, and Abu Dhabi Airports, as well as representatives from Archer's regional partners. Archer test flight marks key milestone for Abu Dhabi's plans to drive urban air mobility 'This flight marks a significant step towards realising Abu Dhabi's ambition to lead the world in advanced urban air mobility,' said Badr Al-Olama, director general of the Abu Dhabi Investment Office. 'Through the Smart and Autonomous Vehicles Industry (SAVI) Cluster, we are enabling companies like Archer to test, certify and scale next-generation air mobility solutions, reinforcing our position as a global launchpad for innovation and a hub for transformative technologies.' 'Our initial test flight operations in the UAE represent a critical milestone as we prepare for our commercial deployment in Abu Dhabi,' said Adam Goldstein, CEO and founder of Archer Aviation. 'Testing our aircraft in actual operating conditions in the middle of summer provides us with the data we need to progress our commercial and certification efforts both in the UAE and in the US. The test flight supports Archer's Launch Edition commercialisation programme with Abu Dhabi Aviation, which aims to establish electric air taxi services in Abu Dhabi. The programme reflects Archer's strategy to launch commercial operations in key early adopter markets. The announcement follows recent progress by Archer in the UAE, including regulatory design approval for the country's first hybrid heliport at Abu Dhabi Cruise Terminal and ongoing partnerships with leading regional operators. Read:
Yahoo
7 days ago
- Business
- Yahoo
Jim Cramer on Archer Aviation: 'I'm Going With Them'
Archer Aviation Inc. (NYSE:ACHR) is one of the 14 stocks Jim Cramer recently shared insights on. A caller asked if it is a good time to enter the stock. Here's what Mad Money's host had to say: 'Okay, Archer and Joby, again, I'm going with them. Why? Because a news headline and it can be up 25%. That's what I'm looking for these days.' A technician assembling an electric aircraft, highlighting the company's manufacturing capabilities. Archer Aviation (NYSE:ACHR) designs advanced aircraft, including electric vertical takeoff and landing models. The company provides ride services, commercial aircraft, and support services such as maintenance and repair. It is worth noting that on May 16, Cramer commented: 'Oh, that one's a bridge too far for me to tell you the truth. Electric vertical takeoff, I mean, I'm willing to go with Rocket Lab, but Archer's just a little bit too far. I mean, someone who's like 18, 19, 20, 21, you might want to believe in it. I don't want to have too many of these kinds of stocks on my so-called recommended list.' While we acknowledge the potential of ACHR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
