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-0.00157884349713842 -0.000535679043671942 0.0248385914460514 0.00933209281344263 0.00611801855141111 0.00933209281344263 0.0177901829766838 0.0141813978403676
Stock impact report

JAL-Sumitomo JV secures right to place order for up to 100 Archer air-taxis [Yahoo! Finance]

Archer Aviation Inc. Class A (ACHR) 
Company Research Source: Yahoo! Finance
Corp had secured the right to place orders for up to 100 of its electric air-taxis worth $500 million. Shares of Archer Aviation rose 7% in morning trading. If placed, the order from the joint venture, Soracle, would include pre-delivery payments based on Archer achieving certain milestones ahead of aircraft delivery, the companies said in a statement. A handful of airlines have placed orders for air-taxis, or electric vertical take-off and landing (eVTOL) aircraft, betting on rising demand for urban travel. However, the industry faces funding, technology, infrastructure and regulatory hurdles before such aircraft can carry passengers in cities. Certification timelines have slipped to the second half of this decade from the first, as regulations governing air-taxis are still taking shape in the West. German air-taxi maker Lilium, which went public in 2021 through a $3.3 billion reverse merger, said earlier this week it would file for insolvency after running into a cash cr Show less Read more
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