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...