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American airline United Airlines orders 200 compact electric aircraft Archer
American airline United Airlines joins other companies investing in Archer, a startup that develops small electric vertical takeoff and landing (eVTOL) aircraft. If Archer receives a certificate of approval for its vehicle to fly from the US Federal Aviation Administration, the company expects to begin deliveries of aircraft in 2024.
Archer Co-Founder and CEO Adam Goldstein says the electric aircraft market has great potential, and a partnership with a giant like United Airlines will make his company the first to enter the market and take a leading position. Archrer was founded three years ago in Palo Alto, USA. He plans to demonstrate the first prototype of an electric vertical take-off and landing aircraft this year. It is reported that it will be equipped with a battery of the company’s own design and will be able to deliver four passengers to a distance of 96 km at a speed of up to 240 km / h.
To move from concept aircraft to certified aircraft, the company raised $ 1.1 billion through the merger of SPAC and Atlas Crest Investment Corp. Stellantis and United Airlines are backers of the deal. Stellanis is a joint venture between PSA Peugeot and Fiat Chrysler, which has partnered with Archer to create a carbon fiber fuselage for the company’s aircraft.
United Airlines is reported to have placed an order for 200 Archer VTOL aircraft, which will cost it $ 1 billion, with the option to purchase another 100 aircraft for $ 500 million. Air carrier CEO says the partnership with Archer demonstrates United Airlines’ commitment to greener, more energy-efficient transport. The company estimates that passengers on a 13-mile flight from Hollywood to Los Angeles on an Artcher eVTOL plane could cut carbon emissions by 50 percent.
Analysts say electric vertical takeoff and landing aircraft is a very promising niche in the market. Such aircraft are being developed by more than 200 companies around the world. Their sales are projected to be $ 4 billion in 2024, and by 2035 will grow to $ 57 billion a year. A Morgan Stanley analyst has suggested that compact air travel will debut in the market as a niche service, but may later evolve into an economical, fast and energy efficient way to travel short and medium distances.