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Boeing to Fold Flying-Taxi Venture Into Rival Archer Aviation
Just the facts
Aircraft manufacturer Boeing reached an agreement to fold its autonomous flying-taxi enterprise into competitor Archer Aviation. Under the terms of the transaction, Archer Aviation will integrate the autonomous aviation technology and operations developed by Boeing's electric vertical takeoff and landing venture. The consolidation aims to pool corporate resources within the emerging urban air mobility sector as manufacturers pursue commercial aircraft certification. Both aerospace companies plan to advance electric aircraft technology intended for commercial urban passenger transport.
Why this is news
Aircraft manufacturer Boeing announced an agreement to combine its autonomous flying-taxi venture with rival electric air mobility company Archer Aviation.
Sources
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