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0.013240255962769 0.00529377545084358 0.014543339150669 0.0180337405468295 0.00756253635834782 -0.012216404886562 -0.0251774287376382 -0.0172891215823153
Stock impact report

Saudi Arabia’s General Authority of Civil Aviation Advances Archer’s Pathway for Electric Air Taxi Deployment

Archer Aviation Inc. Class A (ACHR) 
Company Research Source: Business Wire
Saudi Arabia’s national aviation regulator, the General Authority of Civil Aviation (GACA) signed an agreement with Archer to create a regulatory pathway for eVTOL deployment in the Kingdom.GACA plans to model its regulatory pathway on the Federal Aviation Administration’s and Department of Transportation’s eVTOL Implementation Pilot Program (eIPP) in order to establish early operations in cities such as Riyadh and Jeddah, as well as gigaprojects such as Red Sea Global, in line with Saudi’s Vision 2030.GACA plans to work with Archer to conduct proof-of-concept demonstrations and operational experimental flights as part of the regulatory pathway towards type certification, develop the operating ecosystem and to build public acceptance.This announcement follows Archer’s recent partnership with the Public Investment Fund’s The Helicopter Company to launch eVTOL services with Red Sea Global. RIYADH, Saudi Arabia--(BUSINESS WIRE)--Saudi Arabia’s General Authority of Civil Aviation (GACA Show less Read more
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