United Airlines: Planes & Flying Taxis
Big City Commuting to Airports Source: Archer Aviation United & CA Startup Archer Aviation United Airlines is making a strategic move to deploy e-VTOL flying taxis to bring passengers in big cities to its airport terminals. United has placed a $1 billion order for 200 Archer Aviation electric, vertical takeoff and landing (e-VTOL) flying taxis. To build up development money, Archer is going public in a reverse merger with a special purpose acquisition company (SPAC). United is also investing an undisclosed amount in the new entity. Archer will trade on the NYSE with an initial valuation estimated at $3.8 billion. Archer Flying Taxis Archer's e-VTOL can carry a pilot and 4 passengers. All electric, it has a 60 mile range and can travel at speeds up to 158 mph. The vehicle goes into test flights in the first half of 2021. It will go into mass production in 2023 and will be fully operational in 2024, according to Archer. Bill