ARCHER AVIATION

Archer Aviation and AEG have entered a multi-year partnership to develop a vertiport in the L.A. LIVE neighborhood in downtown Los Angeles, with Archer becoming the exclusive air taxi partner. The site will serve as a takeoff and landing location for Archer’s electric aircraft "Midnight" and will expand Archer’s already announced Los Angeles network alongside SoFi Stadium, USC and Hollywood Burbank. An initial feasibility study on land use, airspace, power supply and surrounding impacts has been completed; operating concept and passenger experience are currently under further review, and the project is linked to Archer’s role in the LA28 Games. » Más en de.investing.com

Archer Aviation announced agreements to acquire Boeing-owned Wisk Aero, Insitu and SkyGrid in exchange for a strategic equity stake from Boeing, a transaction management expects to close by year-end. The acquisitions add an immediate revenue base via profitable Insitu, expand into unmanned systems and air-traffic AI with ZEE and SkyGrid, and support the Halo/Thunder autonomous VTOL initiative. Archer said its Midnight air taxi remains in the FAA type certification process and plans operations launches in Hawthorne and Texas later this year, while it ended the quarter with $1.6 billion liquidity and $5 million revenue. The company faces heavy near-term losses (adjusted EBITDA loss of $177 million) and integration, financing and timeline risks for the newly added businesses and AI platform. » Más en finance.yahoo.com

Archer Aviation announced an all-stock deal to acquire three Boeing subsidiaries (Wisk Aero, Insitu, SkyGrid), which is expected to provide the eVTOL pioneer with roughly $200 million in cash flow and a strengthened market position. In the second quarter, revenue rose to $5 million (prior year: $0 million), driven by FBO services at Hawthorne Airport. Net loss amounted to $263.2 million, and earnings per share improved slightly to -$0.34. » Más en finanzen.net