Archer and Future Flight Global announce order for 116 aircraft
Archer Aviation has agreed an order for up to 116 Midnight eVTOL aircraft from US-based AAM operator Future Flight Global (FFG).
If the agreement for up to 116 of aircraft is realised, it could be worth $580m for Archer, bringing its order book from various agreements to $6bn. The two companies plan to launch services in markets including Southeast Asia, Europe and the Middle East.
Initially, FFG will operate planned routes within Archer’s planned air taxi network. Then, it also hopes to deploy Midnight to provide on-demand transit to their clients such as corporations, hotels and governments.
“The aviation industry is on the cusp of its most exciting revolution in decades,” said Karan Singh, CEO and Founder of FFG. “We’re partnering with Archer to provide tailored, flexible aviation services to our top clients in some of the world’s most exciting destinations. Midnight’s versatility makes it well-suited to diverse routes and mission profiles, while also providing a world-class experience and operational efficiency that’s attractive to our corporate clients. ”
The two companies are now working to formalise definitive agreements covering the intended aircraft purchases and strategic operating alliance, with nearly $5m in pre-delivery payments planned upon completion.
“This new agreement both grows our prospective order book to nearly $6bn, and opens up Archer’s global reach to premium international markets,” said Andrew Cummins, director of business development at Archer. “As our first private aviation partner, and with their deep ties in aviation and bold approach, FFG is positioned to be a new leader in modern aviation. Partnering with Karan and the team at FFG was an obvious choice and an ideal relationship for Archer.”
FFG was founded by members of the leadership team at Titan Aviation, including former CEO Singh. Dubai-based Titan Aviation has been operating business jets under multiple air operator certificates for over two decades. FFG and Titan have a joint venture that plans to operate AAM aircraft globally.
