BETA Posts $149 Million Quarterly Loss
Electric aircraft developer more than doubled quarterly revenue as research and development spending climbed.
Electric aircraft developer more than doubled quarterly revenue as research and development spending climbed.
Hyde County says its Pivotal BlackFly has now been used on two live emergency calls.
Agency projects advanced air mobility operations could grow to more than 1.6 million annual departures by Year 6.
Funding is intended to support Valo certification work, battery production and development of a hybrid-electric prototype.
Boeing will take a stake in Archer as part of the deal.
The company is targeting its first passenger operations under the federal pilot program before the end of 2026.
The Aviation Innovation and Global Competitiveness Act would require the FAA to publish a certification plan and expected time ranges for advanced aircraft projects.
The piloted round trip connected Salinas and Monterey as Archer prepares for planned eIPP operations.
The simulation examined a 1-to-3 supervision model on Bay Area IFR routes.
The $850 million Springfield facility is planned to produce as many as 800 hybrid-electric aircraft annually.