Saudi Arabia is moving ahead with its plans for Advanced Air Mobility with the General Authority of Civil Aviation (GACA) signing an agreement with US-based Archer Aviation. The collaboration aims to develop a regulatory path for electric vertical take-off and landing (eVTOL) air taxis in the Kingdom. The first routes are expected to connect Riyadh and Jeddah, and service the nation’s giga-projects like Red Sea Global.
Archer Aviation (NYSE: ACHR) has completed the first phase of its acquisition of control over Hawthorne Airport, a key Los Angeles aviation asset. This initial step involves the acquisition of the master lease and associated subleases, giving the company control of the airport's real estate. Archer plans to use the 80-acre site as the operational hub for its planned L.A. air taxi network, including operations for the LA28 Olympic & Paralympic Games.
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