Future Tech
JAL-Sumitomo JV secures right to place order for up to 100 Archer air-taxis
Archer Aviation said on Thursday a joint venture between Japan Airlines and Sumitomo Corp had secured the right to place orders for up to 100 of its electric air-taxis worth $500 million.
If placed, the order from the joint venture, Soracle, would include pre-delivery payments based on Archer achieving certain milestones ahead of aircraft delivery, the companies said in a statement.
- Reuters
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