Archer Achieves Significant Regulatory Milestone; FAA Issues Final Airworthiness Criteria For Its Midnight Aircraft
May 23 2024 - 1:45PM
Business Wire
- With this milestone, Archer takes another significant
regulatory step forward toward its goal of making electric flying
taxis an everyday reality
- The final airworthiness criteria provides the solidified
path for the company to achieve Type Certification for
Midnight
- This is a critical step as Archer continues to ramp up its
“for credit” testing with the FAA
- Archer is one of only two companies in the world to achieve
this certification progress with the FAA for an eVTOL
aircraft
Archer Aviation Inc. (NYSE: ACHR) a leader in electric vertical
takeoff and landing (eVTOL) aircraft, today announced the FAA
issued for public inspection the final airworthiness criteria for
Archer’s Midnight aircraft. This significant regulatory milestone
provides the solidified path for Archer to achieve Type
Certification for Midnight. Archer is one of two companies in the
world to achieve this certification progress with the FAA for an
eVTOL aircraft.
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The final airworthiness criteria provides
the solidified path for Archer to achieve Type Certification for
Midnight. (Photo: Business Wire)
The finalization of Archer’s airworthiness criteria unlocks the
ability for Archer to work with the FAA to obtain the remaining
final approvals on its certification and test plans. This is a
critical step as Archer continues to ramp up its “for credit”
testing with the FAA and prepares to begin its piloted flight
testing later this year.
“Midnight is one giant step closer to taking passengers into the
sky in the coming years in the U.S. The final airworthiness
criteria for Midnight is an important step on our journey to make
electric flying taxis an everyday reality,” said Billy Nolen,
Archer Chief Regulatory Affairs Officer and former Administrator of
the FAA. “Thank you to the team at the FAA for their continued hard
work in support of making the electrification of aviation a
reality.”
“Today’s milestone adds significant momentum to Midnight’s
certification program as we further ramp up our 'for credit'
testing efforts with the FAA,” added Eric Wright, Archer Head of
Certification.
Archer has been putting Midnight’s systems and components
through rigorous testing as part of its safety of flight readiness
for our upcoming piloted flight tests later this year and in
support of its ongoing FAA certification program. Additionally, the
company has made significant progress on the construction of its
first three piloted conforming Midnight aircraft. The first
aircraft in this initial fleet will begin piloted flight testing
later this year, and subsequently be used in “for credit” flight
testing with the FAA as the company progresses towards
commercialization.
Archer’s goal is to transform urban travel, replacing
60–90-minute commutes by car with estimated 10-20 minute flights
that are safe, sustainable, low noise, and cost-competitive with
ground transportation. Archer’s Midnight is a piloted,
four-passenger aircraft designed to perform rapid back-to-back
flights with minimal charge time between flights.
Forward-looking Statements
This press release contains forward looking statements regarding
Archer’s future business plans and market opportunities, including
statements regarding the performance and development of its
aircraft, business opportunities, and timelines of its piloted
flight testing and commercialization. These forward-looking
statements are only predictions and may differ materially from
actual results due to a variety of factors. The risks and
uncertainties that could cause actual results to differ from the
results predicted are more fully detailed in Archer’s filings with
the Securities and Exchange Commission, including its most recently
filed periodic reports on Form 10-K and Form 10-Q and subsequent
filings. In addition, please note that any forward-looking
statements contained herein are based on assumptions that Archer
believes to be reasonable as of the date of this press release.
Archer undertakes no obligation to update these statements as a
result of new information or future events.
About Archer
Archer is designing and developing electric vertical takeoff and
landing aircraft for use in urban air mobility networks. Archer’s
mission is to unlock the skies, freeing everyone to reimagine how
they move and spend time. Archer's team is based in Santa Clara,
CA.
To learn more, visit www.archer.com.
Source: Archer Text: ArcherIR
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