STLA - Archer Aviation Partners With Southwest Airlines: What's Going On With The Stock? | Benzinga
Archer Aviation Inc. (NYSE:ACHR) shares are trading higher Friday after the company announced it has signed a memorandum of understanding (MOU) with Southwest Airlines Company (NYSE:LUV) to develop operational plans for electric air taxi networks utilizing Archer’s eVTOL aircraft at California airports.
The Details:
Archer and Southwest said they intend to collaborate on a concept of operations that lays the foundation for integrated electric air taxi networks that would support California airports and the surrounding communities that Southwest serves. The collaboration will include partnering with Southwest employees and respective unions, including SWAPA, to maintain and improve efficient operations.
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"Southwest is eager to explore the convenience Archer’s air taxis could provide Customers flying Southwest at airports in busy urban areas,” said Paul Cullen, Vice President Real Estate at Southwest Airlines.
“We’ve proudly served as California’s largest carrier for nearly 25 years, ...