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November 26, 2023

Archer Aviation and Air Chateau Announce $500M Order

eVTOL Game Just Keeps Heating Up

Archer Aviation left the Dubai Air Show holding some pretty juicy order forms covering more than $500 million in business for their Midnight aircraft. The buyer of 100 Midnight eVTOL aircraft is Emirati operator Air Chateau, who signed a memorandum of understanding covering the purchase with an initial non-refundable pre-delivery payment of $1 million. Additional funding in pre-delivery payments is “contemplated to be paid following signing” according to official press. 

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