The take-private deal marks a near-complete reversal from the $2.6 billion valuation that the startup sported when it became a publicly traded company.
Some leading air taxi startups are contemplating next steps in terms of developing better-performing aircraft for expanded mission sets in the next decade.
Word from Hexcel that it is cutting full-year guidance based largely on lower commercial production rates could be a harbinger, analyst commentary suggests.
The two largest commercial airliner OEMs, Boeing and Airbus, arrive at Farnborough amid different challenges at their headquarters and on production lines.
The state of California has granted Archer Aviation a tax exclusion for the expansion of its battery and electric motor production facility in San Jose.
This year’s Farnborough Airshow static park will feature several new commercial airliners, though Boeing aircraft is expected to not play much of a role.
