United Pays $10M Deposit for 100 Electric Aircraft

The electrical plane trade obtained one other increase of confidence this week as United Airways paid Archer Aviation a $10 million deposit for 100 of the corporate’s vertical take-off and touchdown plane, the producer introduced Wednesday. The cost follows a 2021 conditional agreement between the businesses during which United, together with regional companion Mesa Airways, dedicated to the acquisition of as much as 200 of the plane, as soon as operational.

Archer not too long ago accomplished its manufacturing plane’s preliminary design assessment, which is to “guarantee this system is on monitor and design is mature sufficient to proceed to the following growth section and kick-off of manufacturing of lengthy lead-time {hardware},” in response to the corporate.

The announcement comes about a week after American Airlines invested in hydrogen-electric engine developer ZeroAvia and some weeks after American made a deposit to Vertical Aerospace for 50 electrical plane. United and Alaska Airlines even have invested in ZeroAvia.