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0.000654878847413214 0.00552717747216768 0.00982318271119845 0.00523903077930583 -0.00720366732154548 -0.00720366732154548 -0.00720366732154548 -0.00720366732154548
Stock impact report

Archer Moves to Launch Air Taxi Trials In U.S. Cities Under White House Executive Order as DOT Unveils National AAM Strategy

Archer Aviation Inc. Class A (ACHR) 
Company Research Source: Business Wire
Archer is partnering with cities across the country to submit multiple applications to launch initial air taxi operations under the White House’s eVTOL Integration Pilot Program (eIPP), a first-of-its-kind public-private initiative led by the U.S. Department of Transportation (DOT) and Federal Aviation Administration (FAA) to support the safe integration of air taxis in the U.S. beginning as soon as next year.The applications coincide with the DOT’s unveiling of its Advanced Air Mobility (AAM) National Strategy today, which lays the framework for integrating eVTOL aircraft into the national airspace.Archer’s applications to the eIPP are proposed public-private partnerships with cities across California, Texas, Florida, Georgia and New York.Archer’s application with the City of Huntington Beach is exclusive, meaning it is the only air taxi OEM that is part of that application. This bid supports Archer's plans for early air taxi operations in and around Los Angeles as part of its role a Show less Read more
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