Archer Aviation Stock Climbs After United Airlines NYC Air Taxi Deal
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Archer Aviation's stock rose over 2% following a partnership announcement with United Airlines to introduce electric air taxis in New York City. The collaboration aims to reduce travel time between Manhattan and regional airports to just 5-15 minutes. Archer plans to launch commercially by 2026, pending FAA certification and pilot tests. United Airlines will assist in infrastructure development for these urban flights. Further updates on certifications and pilot trials are expected during Archer's Q1 2025 earnings call on May 8.
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