ACHR Stock Alert: FAA Grants Archer Aviation Key Airline Status

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 ...