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0 -0.00462962962962974 0 -0.00231481481481477 -0.00231481481481477 0.00925925925925927 0.0300925925925926 0.0347222222222223
Stock impact report

Archer Aviation prepares for direct competition with Joby Aviation in the UAE [Seeking Alpha]

Archer Aviation Inc. Class A (ACHR) 
Company Research Source: Seeking Alpha
Crucially, Goldstein noted that the company has been assured by regulators that it has approval for the flights. The development means that Archer Aviation ( ACHR ) will be in direct competition with Joby Aviation ( NYSE: JOBY ) as both eVTOL players look to launch a commuter service business in the region. The United Arab Emirates appears to be ground zero for the launch of commercial flying taxi services. Joby Aviation ( JOBY ) expects to launch in Dubai before anywhere else. In addition to those two major players, eVTOL upstarts Lilium N.V. ( LILM ), Embraer's ( ERJ ), Eve Air Mobility, and Volocopter GmbH have also signed agreements in the UAE, Saudi Arabia, or both. Shares of Archer Aviation ( ACHR ) have outperformed Joby Aviation ( JOBY ) over the last 52 weeks. Recommended For You More Trending News Recommended For You More Trending News Related Stocks In The News Trending Analysis Trending News Show less Read more
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