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

Core Insights - Archer Aviation has signed a framework agreement with Abu Dhabi for the development of air taxi services in the UAE, which includes manufacturing, operations, and training [1] - The company aims to launch its air taxi service using the Midnight eVTOL in the UAE as early as next year [1] - Archer's CEO emphasized Abu Dhabi's commitment to becoming a global hub for urban air mobility, indicating strong support for the company's initiatives [1] Company Developments - The new air taxi deal is part of Archer Aviation's broader strategy to expand its commercial air taxi service, with similar agreements being signed in other regions [2] - As of Thursday afternoon, ACHR stock is down 1% with over 2 million shares traded, while the daily average trading volume is approximately 5.4 million shares [2]