United Airlines to Invest $20 Million in Air Taxi Startup

By Kurt Stolz on 10 February 2021
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United Airlines said Wednesday that it will invest$20 million in an electric air taxistart-up and purchase aircraft from it.

The Chicago-based airline said it plans to buy as many as 200 aircraft from Archer Aviation, an electric air taxistart-up that announced plans, also on Wednesday, to go public.

The deal, Archer said, is valued it at about $1 billion.

“Part of how United will combat global warming is embracing emerging technologies that decarbonize air travel,” said United’s CEO, Scott Kirby, in a statement. “By working with Archer, United is showing the aviation industry that now is the time to embrace cleaner, more efficient modes of transportation.”

In addition to United’s $20 million investment in Archer, Mesa Airlines, a regional airline that operates flights for United and others, will invest an additional $5 million.

(Photo: Accura Media Group)

Accura News

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