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Archer Aviation Gains Control of Hawthorne Airport to Support Midnight Testing

Archer Aviation logoArcher Aviation
Sig2.41Sen+1.12Env0.00Soc0.00Gov+0.17

Archer Aviation is pursuing strategic moves in the eVTOL space, including gaining control of Hawthorne Airport in California. The airport provides a base to test its Midnight aircraft, with potential long-term value as a well-located service provider for other entrants. The move could create a recurring fee revenue stream as Archer plans to expand air taxi services, with Midnight remaining central.

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