Archer Aviation (NYSE:ACHR) stock is on the rise Wednesday after the electric vertical takeoff and landing (eVTOL) maker received a new Part 135 Air Carrier & Operator Certificate from the Federal Aviation Administration (FAA).Archer Aviation notes that this is a major win for the company as it allows the company to prepare for offering commercial flights with its Midnight eVTOL. ACHR is currently waiting for Midnight’s Type Certification before it can be used by commercial airlines.Archer Aviation founder ...

Midnight, an all-electric aircraft from company Archer Aviation, is seen at the Salinas Municipal Airport in Salinas, California, on Aug. 2, 2023.The Federal Aviation Administration has granted Archer Aviation a key certification that gets the electric air taxi maker closer to eventually flying travelers, the company said Wednesday.Archer is making electric vertical takeoff and landing aircraft, or eVTOLs, and won orders and backing in 2021 from United Airlines, which says the new technology could reduce ca ...

Archer Aviation (NYSE:ACHR) stock is in the news Thursday after the electric vertical takeoff and landing (eVTOL) company secured a commercialization partner in South Korea.Archer Aviation is teaming up with KakaoMobility for its commercialization efforts in South Korea. This will have KakaoMobility acting as the owner and operator of Archer Aviation’s Midnight aircraft in the country.KakaoMobility says it intends to start offering air taxi services to users of its Kakao T mobile app. The company has 30 mil ...

Archer's shares have cratered this year, but the company's long-term value proposition remains intact.Archer Aviation (ACHR -5.94%) stands at the forefront of the aviation industry's transformation, pioneering the development of electric vertical takeoff and landing (eVTOL) aircraft.This innovative company is steering a course through a rapidly evolving market with a business model that promises to redefine urban air mobility.With a strategic blend of direct sales and a rideshare platform, Archer is poised ...

Archer Aviation (NYSE:ACHR) stock is a hot topic among traders on Friday after the company cleared a new milestone with the Federal Aviation Administration (FAA).Archer Aviation is celebrating the public inspection of the final airworthiness criteria for the company’s Midnight electric vertical takeoff and landing (eVTOL) aircraft. With this, the company can seek out the final approvals for its certification and test plans.Archer Aviation Chief Regulatory Affairs Officer and former FAA administrator Billy N ...

The global flying car market is possibly at an inflection point. With several companies on track for commercialization of eVTOL aircraft, the industry is worth considering. Since companies are at an early stage, there is room for massive value creation if industry growth is stellar. It’s, therefore, a good time to look at some of the best flying car stocks to buy.It’s also worth noting that the flying car industry is not just a fad. Boeing (NYSE:BA) has plans to bring flying cars to Asia by 2030. The possib ...

Do a bit of research into the flying car stocks and the industry and you’ll quickly discover that massive growth is expected. Forecasts indicate compound annual growth rates will exceed 50% all the way out to the year 2040.That level of growth is exciting and could lead investors to believe it’s a foolproof choice. I’m not implying that the industry will fail or that investing isn’t a wise choice. Instead, I advocate that investors should temper their expectations with recent financial statements above all ...

Flying car stocks are poised to transform the future of air transportation and redefine the way we perceive vehicles. While once confined to the realm of science fiction, flying cars are now becoming a tangible reality. These stocks have the potential to impact various industries, from industrials to search and rescue operations. Also, these brands are notable for having the potential to earn one a seven-figure sum.An appealing aspect of these companies is that they receive relatively less media coverage co ...

Industry Overview - The electric aviation industry is positioned to disrupt traditional air travel, offering sustainable and cost-effective alternatives to fossil fuel-powered aircraft as concerns about climate change grow [1] - Electric aviation stocks are expected to experience significant growth, particularly for early investors with a high risk tolerance and a long-term investment horizon [1] Joby Aviation (JOBY) - Joby Aviation is a leader in the eVTOL market, nearing the final stages of its FAA certification process and generating revenue through government and military contracts [2] - The company has completed three of the five required stages of FAA type certification, marking a significant milestone towards commercialization [2] - Joby reported having $1 billion in cash and short-term investments at the end of 2023, providing sufficient capital for its certification and commercialization goals [2] Archer Aviation (ACHR) - Archer Aviation is progressing well with its eVTOL development and expects to start commercial operations by 2025 [4] - The company has completed essential testing phases and announced presales of its vehicles, with strategic partnerships to build infrastructure in key markets like New York City and Los Angeles [4] - Archer is constructing its first three conforming Midnight aircraft for FAA "for credit" testing, crucial for its certification process [4] Surf Air Mobility (SRFM) - Surf Air Mobility focuses on regional air mobility through the development of electric seagliders, which combine aircraft speed with boat convenience [6] - The company has entered a collaborative agreement with Electra to bring hybrid-electric eSTOL aircraft to market, suitable for smaller regional airports [6] - Surf Air Mobility reported fourth quarter revenue of $26.84 million, slightly above consensus estimates, and anticipates first quarter 2024 revenues between $28.5 million and $29.5 million [6]

In the 1990s, some of us may have thought we would have had flying cars by now. In 2024, we may not have flying cars like the ones featured in those 1980s science fiction films. Indeed, Blade Runner-esque flying cars seem to be well off the table. That said, a class of intriguing electric vertical take-off and landing (or eVTOL for short) aircraft looks very intriguing.Many eVTOLs today resemble “giant drones” or mini helicopters (some aspects of the technology are quite similar), while others look like fut ...