Archer Aviation Gains Control of Hawthorne Airport to Support Midnight Testing
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.
Coverage (3)
- Why Archer Aviation's Management of Hawthorne Airport Matters Just as Much as Developing Its Own Aircraft (theglobeandmail.com)
- Why Archer Aviation's Management of Hawthorne Airport Matters Just as Much as Developing Its Own Aircraft (finance.yahoo.com)
- Why Archer Aviation's Management of Hawthorne Airport Matters Just as Much as Developing Its Own Aircraft (fool.com)