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Archer Completes First Phase of Transactions to Acquire Control of Hawthorne Airport
Businesswire· 2025-12-09 21:30
Core Viewpoint - Archer Aviation has completed the first phase of its transactions related to Hawthorne Airport, acquiring the master lease and associated subleases, thereby gaining control over the airport's real estate [1] Group 1: Acquisition Details - Archer Aviation has signed definitive agreements to acquire control of a unique aviation asset in Los Angeles [1] - The acquisition includes the master lease from the City of Hawthorne and the associated subleases [1] Group 2: Future Expectations - Archer expects to leverage the airport for its operational needs and future growth [1]