ACHR Stock Alert: Archer Strikes New Air Taxi Deal with Abu Dhabi

Archer Aviation (NYSE:ACHR) stock is in the news Thursday after the electric vertical takeoff and landing (eVTOL) company announced a new air taxi deal with Abu Dhabi.According to Archer Aviation, the two companies signed a framework agreement for the development of air taxi services in the United Arab Emirates (UAE). That includes manufacturing, operations and training that will take place in-country across the region.Archer Aviation is hoping to have this air taxi service ready to launch the UAE as early ...