Archer Aviation has announced that its Midnight electric vertical-takeoff-and-landing (eVTOL) aircraft has completed the first phase of company flight testing.
Vertical Aerospace CEO Stephen Fitzpatrick took action this week to reassure viability of his company by committing up to $50 million in additional capital.
FBO Atlantic Aviation has signed agreements with Archer and Joby Aviation to install electric aircraft charging sites at a handful of its airport terminals.
The U.S. Air Force has an interest in exploring small eVTOLs with light payloads between 400 and 500 lb., as well as even smaller aircraft with payloads of 100-250 lb.
The AAM Stock Composite ticked up 3% during the week ending Nov. 24, as strong gains from EHang canceled out a lackluster performance from other air taxi OEMs.