The Californian 🇺🇸 startup Archer Aviation
$ACHR has signed with Future Flight Global a letter of intent for the order of up to 116 air cabs of the Midnight model.

The potential order volume amounts to 580 million dollars, which exceeds the preliminary order backlog of Archer to six billion dollars.

Both companies are also planning a strategic operating alliance in which FFG will operate selected routes in Europa🇪🇺, the Middle East and Southeast Asia 🌏.

FFG intends to air taxis for on-demand transit services for businesses, hotels and governments.