Archer Receives FAA Certification to Begin Operating Commercial Airline
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June 5, 2024 12:10 PM EDT
Canaccord Genuity analyst Austin Moeller reiterated a Buy rating and $3.25 price target on Archer Aviation Inc. (NYSE: ACHR).
The analyst comments "The FAA announced this morning that it granted Archer Aviation (ACHR) its Part 135 Air Carrier & Operator Certificate. Receipt of this certification signals that Archer Air, the air taxi operating segment of Archer Aviation, has demonstrated its adherence to the necessary procedures to begin commercial flight operations. Management indicated that the Part 135 was obtained using... More
June 5, 2024 12:00 PM EDT
Shares of Archer Aviation (NYSE: ACHR) rallied Wednesday after the company's subsidiary, Archer Air, was granted a Part 135 Air Carrier & Operator Certificate from the Federal Aviation Administration (FAA).
Archer makes electric vertical takeoff and landing aircraft, or eVTOLs.
The certificate is a key step in the electric air taxi maker's ability to... More
