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Archer Aviation, Air Chateau Ink $100 M Deal

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Archer Aviation, Air Chateau Ink $100 M Deal

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Archer Aviation, an American manufacturer of eVTOLs, and Air Chateau International, an advanced air mobility services provider based in the UAE, recently announced a Memorandum of Understanding signed at the Dubai Air Show covering a planned purchase of over $100 million worth of Midnight eVTOLs with an initial deposit due by the end of the year. While the companies still plan on working out further details, this deal establishes Air Chateau as a new partner in Archer’s previously announced efforts to bring AAM air taxi services to Dubai and Abu Dhabi by 2026.

“It was an honor hosting Air Chateau’s team at the Dubai Air Show 2023 during which they were able to touch, see and feel our aircraft as it headlined the show,” said Archer Founder and CEO, Adam Goldstein. “Their recognition that our Midnight aircraft meets what the customer demands in the UAE market and desire to secure the purchase of up to 100 Midnight aircraft is another exciting validation of our efforts to bring to market an aircraft that will revolutionize how people move in and around cities.”

“This remarkable opportunity signifies the ongoing evolution of Air Chateau, heralding a transformative era in our industry. Embarking on our journey into being an infrastructure provider two years ago for helicopters, today, we stand at the precipice of realizing our vision for the future of urban air mobility with eVTOLs in Dubai and across the UAE. The support of our visionary partners has been instrumental in our journey, and as we unveil this exciting chapter, we are privileged to share a collective vision. We are very grateful for having the opportunity to pave the way for the future of Air Mobility in Dubai with Archer” said Dr. Samir Mohamed, Chairman and Founder of Air Chateau.

This announcement follows recent moves by Archer in the advanced air mobility space, including the planned 2026 opening of an engineering Center of Excellence to support the growing advanced air mobility industry in the UAE with plans to collaborate with local manufacturers to produce eVTOLs. Other recently announced products include new air taxi services in India by 2026 and a Special Airworthiness Certificate for the Midnight from the FAA.

More information on Archer Aviation and the Midnight eVTOL can be found here

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