United's Orders Could Be Worth $1 Billion, With Options For Another $500M
United Airlines has completed an agreement to work with air mobility company Archer as part of the airline's broader effort to invest in emerging technologies that decarbonize air travel. Rather than relying on traditional combustion engines, Archer's electric vertical takeoff and landing (eVTOL) aircraft are designed to use electric motors and have the potential for future use as an 'air taxi' in urban markets. If this program succeeds, United's orders will be worth $1 billion for Archer's aircraft, with an option for an additional $500 million.
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