Archer and Falcon Aviation will jointly develop
a vertiport network in Dubai and Abu Dhabi, enabling flights
between the two cities with Archer’s Midnight flying car while
establishing a key operational development for Archer’s plans to
launch across the Emirates in both cities as soon as 2025
- On March 8, 2024, Falcon Aviation launched the upgraded Falcon
Tours Heliport Terminal at the iconic Atlantis, The Palm, which
provides helicopter charter service to locals and tourists alike
between Dubai’s top hotel on the Palm Jumeirah to key destinations,
including Abu Dhabi and other cities in the UAE, as well as
sightseeing trips above Dubai’s iconic skyline. As early as next
year, the companies plan for this hub to serve Archer’s Midnight
aircraft, operated by Falcon Aviation, as a quieter, safer, and
more affordable option than helicopters
- This infrastructure partnership reaffirms the collaboration
signed into agreement by Falcon Aviation last year to operate a
fleet of Archer’s Midnight electric aircraft and expand the two
companies' urban air mobility ecosystem in the UAE
Archer Aviation Inc. (NYSE: ACHR), a leader in electric
flying cars, announced today that Falcon Aviation, a prominent
Aviation Services Operator in the UAE, has been selected as their
vertiport infrastructure partner for critical locations in Dubai
and Abu Dhabi. This collaboration marks a significant step towards
launching Archer's Midnight flying car with Falcon Aviation in the
UAE and across the MENA region as soon as 2025.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240311456137/en/
Archer and Falcon Aviation will jointly
develop a vertiport network in Dubai and Abu Dhabi, enabling
flights between the two cities with Archer’s Midnight flying car
while establishing a key operational development for Archer’s plans
to launch across the Emirates in both cities as soon as 2025.
*Image depicts simulated flight (Photo: Business Wire)
Under this partnership, Archer and Falcon Aviation will start by
developing state-of-the-art vertiport infrastructure at Falcon
Heliport at Atlantis, the Palm in Dubai and the Marina Mall
heliport in Abu Dhabi’s Corniche. Driving between the two cities
during peak traffic can take more than 2 hours. Archer and Falcon
Aviation plan to offer passenger service in Archer’s Midnight
flying car between these two Falcon vertiports, which will operate
almost entirely over water with scenic views of both cities and
clock in at as little as 30 minutes from takeoff to landing. Archer
believes it is the first to announce a flying car service on this
route between Abu Dhabi and Dubai, one of the world’s most
prominent and congested commute corridors.
“Partnering with established operators such as Falcon Aviation,
as well as the capital of the Emirates with the Abu Dhabi
Investment Office, has been key to quickly building our presence in
the region,” said Archer founder and CEO Adam Goldstein. “We look
forward to paving the way for the introduction of our Midnight
aircraft to the region which will set the stage for the UAE to
become a global leader in urban air mobility.”
Falcon Aviation CEO Captain Ramandeep Oberoi commented, “For
nearly two decades, Falcon Aviation has been at the forefront of
helicopter passenger transport in the UAE. Our partnership with
Archer is a leap into the future, as we prepare to offer flying car
services together in Dubai and Abu Dhabi, continuing our tradition
of world-class transportation solutions.”
On March 8th, Falcon Aviation also announced the inauguration of
its state-of-the-art Renovated Heliport Terminal, extending its
presence at Atlantis, the Palm. The companies unveiled a vision of
what the future vertiport and service will look like at what will
transform into a key hub for Midnight flights, helping bring urban
air mobility to the region.
Today’s announcement reinforces the memorandum of understanding
(MOU) signed last year, where Falcon Aviation agreed to operate
scores of Archer’s Midnight flying cars. This venture is part of
Archer's strategic expansion, with the UAE set to be its first
international launch market as soon as next year. This follows a
significant preliminary deal announced by Archer last year with the
Abu Dhabi Investment Office which promised economic incentives to
help accelerate Archer’s growth in the region as part of Abu
Dhabi’s Smart and Autonomous Vehicle Industry (SAVI) Cluster.
Archer Chief Commercial Officer, Nikhil Goel, said, “We have
made rapid progress in the UAE over the past three months since
announcing Abu Dhabi and Dubai will be home to our first
international Midnight flights as soon as 2025. We’re proud to be
the first to announce plans to operate between Dubai and Abu Dhabi,
along with vertiport infrastructure at both ends of the commuter
journey.”
Archer’s goal is to transform urban travel, replacing
60–90-minute commutes by car with estimated 10-30 minute electric
air taxi flights that are safe, sustainable, low noise, and
cost-competitive with ground transportation. Archer’s Midnight is a
piloted, four-passenger aircraft designed to perform rapid
back-to-back flights with minimal charge time between flights.
*All images depict simulated flight
About Archer
Archer is designing and developing electric vertical takeoff and
landing aircraft for use in urban air mobility networks. Archer’s
mission is to unlock the skies, freeing everyone to reimagine how
they move and spend time. Archer's team is based in Santa Clara,
CA.
To learn more, visit www.archer.com.
About Falcon Aviation
Falcon Aviation, a leading Business Aviation Services Operator
in the Middle East and Africa region, was established in 2006 under
the initiative of His Highness Dr. Sheikh Sultan Bin Khalifa Bin
Zayed Al Nahyan and is located at Abu Dhabi's Al Bateen Executive
Airport and Dubai's Al Maktoum International Airport. Falcon
Aviation provides a wide range of Operational and Aviation Support
Services, which include Oil and Gas Aviation Support, Aircraft
Charter Services and Helicopter Sightseeing Tours, Aircraft
Management Services, Fixed Base Operator (FBO), Maintenance Repair
and Overhauling (MRO), Continuing Airworthiness Management (CAMO),
Heliport Management and Inspection, among others.
Falcon has firmly established itself as a leading operator in
the aviation industry in the UAE and the MENA region for its
commitment to quality, safety, and excellence.
Forward-Looking Statements
This press release contains forward looking statements regarding
Archer’s business plans and expectations, including statements
regarding its aircraft performance and the timing of Archer’s
development, commercialization, and certification of its eVTOL
aircraft, business opportunities, government incentives, and
expansion of Archer’s business internationally. In addition, this
press release refers to MOUs that are conditioned on the future
execution by the parties of binding definitive agreements
incorporating the terms outlined in the MOUs, which definitive
agreements may not be completed or may contain different terms than
those set forth in the MOUs. These forward-looking statements are
only predictions and may differ materially from actual results due
to a variety of factors. The risks and uncertainties that could
cause actual results to differ from the results predicted are more
fully detailed in Archer’s filings with the Securities and Exchange
Commission, including its most recent Annual Report on Form 10-K
and Quarterly Report on Form 10-Q, available at www.sec.gov. In
addition, please note that any forward-looking statements contained
herein are based on assumptions that Archer believes to be
reasonable as of the date of this press release. Archer undertakes
no obligation to update these statements as a result of new
information or future events.
Source: Archer Text: ArcherIR
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240311456137/en/
Archer Media Contacts The Brand Amp -
Archer@TheBrandAmp.com
Archer Aviation (NYSE:ACHR)
Historical Stock Chart
From Jul 2024 to Aug 2024
Archer Aviation (NYSE:ACHR)
Historical Stock Chart
From Aug 2023 to Aug 2024