Archer Announces Landmark Infrastructure Deal With Signature Aviation; Gains Access to Largest Network of Private Aviation Terminals in the World
June 17 2024 - 9:00AM
Business Wire
- Archer and Signature recently signed a memorandum of
understanding (MOU) identifying initial day one opportunities for
launching air taxi services including in key United Airlines hubs
at Newark International (EWR) and Chicago O’Hare (ORD) Airports, as
early as the end of 2025.
- The MOU anticipates that the parties will electrify Signature’s
industry-leading network of private aviation terminals, giving
Archer access to takeoff and landing sites in major metropolitan
areas across the U.S. and globally, including New York, Los
Angeles, San Francisco Bay Area, and Texas.
- Archer and Signature plan to install BETA's UL-Certified CCS
rapid charging systems endorsed by General Aviation Manufacturers
Association (GAMA).
Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical
takeoff and landing (eVTOL) aircraft, and Signature Aviation, the
world's largest network of private aviation terminals, today
announced the signing of an MOU focused on electrifying Signature’s
industry-leading network of over 200 airport terminals, giving
Archer access to takeoff and landing sites in major metropolitan
areas across the U.S. and globally, including New York, Los
Angeles, San Francisco Bay Area, and Texas. The MOU identifies
day-one opportunities for launching Archer’s air taxi service in
key United Airlines hubs at Newark International (EWR) and Chicago
O’Hare (ORD) Airports.
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Image depicts Archer’s aircraft at a
Signature FBO (Photo: Business Wire)
The two companies plan to leverage their existing partnerships
with BETA Technologies to install BETA’s interoperable rapid
recharging systems across Signature’s industry-leading network of
private aviation terminals. These systems utilize the Combined
Charging System (CCS), which can charge electric aircraft, cars,
airplane tugs, buses, and other forms of transportation commonly
used at airports. The interoperable rapid recharging system,
recently endorsed by the General Aviation Manufacturers Association
(GAMA), has been installed at 20+ airports across the country with
50 new sites in development, and is currently used by the
industry’s leading original equipment manufacturers (OEMs).
“We are thrilled to join forces with Signature Aviation to
advance the infrastructure needed to support the future of urban
air mobility. By focusing on electrifying key aviation assets in
major cities such as New York and Chicago, we are taking essential
steps toward making sustainable and efficient air travel a
reality,” said Bryan Bernhard, Archer’s Chief Growth &
Infrastructure Officer. “This partnership will help us establish a
robust network of landing sites across the country to enable the
scaling of our air taxi service, ensuring our Midnight aircraft can
seamlessly integrate into urban environments and provide a reliable
transportation solution for our passengers.”
“We’re committed to shaping the future of aviation through
sustainability and thrilled to work alongside Archer as we expand
our infrastructure to support the electrification of the industry,”
said Derek DeCross, Chief Commercial Officer at Signature Aviation.
“This collaboration unlocks new possibilities in the design and
introduction of innovative sustainable aviation solutions while
also bringing our guests greater access to the future of urban air
mobility via Archer’s Midnight aircraft.”
The two companies plan to electrify initial launch locations as
early as 2025, with further expansion planned across Signature
Aviation’s global network as Archer’s aircraft availability
increases, establishing a leading electric aviation infrastructure
experience that offers premium services to Signature’s guests.
Archer’s goal is to transform urban travel, replacing
60–90-minute commutes by car with estimated 10–20-minute electric
air taxi 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.
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.
About Signature Aviation
Signature Aviation is the world’s preeminent aviation
hospitality company, offering exceptional experiences and essential
support services to business and private aviation guests. The
company’s large-scale infrastructure footprint enables travel,
fosters human connections, and is a critical global economic
driver. Signature operates an industry-leading network of private
aviation terminals, with over 200 locations covering key
destinations in 27 countries across five continents, is the largest
distributor of sustainable aviation fuel (SAF) and became the first
aviation firm to achieve operational carbon neutrality in 2022. The
company also offers 15 million square feet of carbon neutral
multi-use office and hangar real estate globally, providing unique
network wide benefits and advantages to guests who base their
aircraft at a Signature location. For more information, please
visit www.signatureaviation.com.
Archer Forward Looking Statements
This press release contains forward looking statements regarding
Archer’s future business plans, including statements regarding the
timing of Archer’s development, commercialization, certification of
its eVTOL aircraft, and UAM network buildout. In addition, this
press release refers to a MOU that is conditioned on the future
execution by the parties of binding definitive agreements
incorporating the terms outlined in the MOU, which definitive
agreements may not be completed or may contain different terms than
those set forth in the MOU. 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 recent Annual Report on Form 10-K
and Quarterly Report on Form 10-Q, available at www.sec.gov. 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.
Source: Archer Text: ArcherIR
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Archer Media Contacts The Brand Amp -
Archer@TheBrandAmp.com
Signature Aviation Media Contacts Jeff Penson –
Jeff.Penson@SignatureAviation.com
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