💨 Abstract

Archer Aviation announced a potential $500 million order for 100 electric air-taxis from a joint venture between Japan Airlines and Sumitomo Corp. The order is contingent on Archer achieving certain milestones. The air-taxi industry faces challenges in funding, technology, infrastructure, and regulation, with certification timelines slipping to the second half of this decade.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖