Cash Burn Ramped Up As AAM Leaders Move Toward Certification

Archer’s Maker unmanned technology demonstrator is being prepared for initial hover flights.
Credit: Archer Aviation
Archer, Joby and Lilium together spent almost $132 million in the third quarter on development of their electric vertical takeoff and landing air taxis. The combined total for the first nine months of the year was more than $326 million as the startups ramped up work, aiming for certification by the...

Subscription Required


This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login


Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.