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Archer Aviation on Thursday unveiled plans for a proposed air-taxi network in New York City in partnership with United Airlines, as it wants to tap in the commut market of the airport in Manhattan.
Air-tax manufacturer shares were up 7% in the morning trading.
Archer has planned to connect Manhattan with his electric vertical takeoff and landing (EVTOL), mid-night four-yatri vehicles-is designed to slash the time of traveling with a two-hour drive for only 5-15 minutes.
Air-Taxi startups are rapidly running to commercialize EVTOL aircraft on increasing demand for more sustainable urban transport.
Supported by major airlines and defense contractors, these startups aim to reduce the crowd in crowded cities by offering small flights between airports and urban centers.
The archer, supported by companies such as Stellentis and United Airlines, aims to take advantage of the existing aviation infrastructure in the NYC sector, with plans to set up vertiuses in airports and helipads across the region.
Archer CEO Adam Goldstein said, “With its current helicopter infrastructure, regulatory support and strong demand, New York may be one of the first markets for air taxis in the United States.”
The company’s flagship Midnight Aircraft is yet to get “type certification” from the American Aviation Regulator.
Type certification means that an aircraft meets the design and safety standards of Federal Aviation Administration. Once the archer receives certification, it can integrate in service at midnight.
Andrew Chang, head of United Airlines Ventures, said, “Our strategic cooperation with Archer will be important for our efforts to build infrastructure and adapt – such as real estate development, air space management and safety and safety projects – is required to bring advanced air mobility for our customers.”
United had earlier given an order for a fleet of Archer’s midnight aircraft.
Archer said that under his plans, passengers would book their flights as a complement to the traditional airline trip.
