35 C
Friday, July 12, 2024

Aerial Taxis Set to Soar Over UAE by 2026, Reducing 60-Minute Drives to Just 10 Minutes

Abu Dhabi Investment Office (ADIO) and US-based Archer Aviation have entered into an agreement with plans to commence air taxi operations in the UAE Capital and across the country in 2026.

UAE Capital Set to Embrace Archer’s eVTOL Aircraft

Abu Dhabi will be the first international launch partner for Archer — a leader in electric vertical takeoff and landing (eVTOL) aircraft. As part of this strategic initiative, ADIO plans to support Archer with incentives for establishing its first international headquarters and manufacturing facilities in the Smart and Autonomous Vehicle Industry (Savi) Cluster in Abu Dhabi.

UAE’s GCAA Inspects Archer’s Midnight eVTOL Aircraft: Aerial Taxis

Saif Mohammed Al Suwaidi, Director General of the General Civil Aviation Authority (GCAA), revealed that the federal body has already inspected Archer’s Midnight electric vertical takeoff and landing (eVTOL) aircraft.

ADIO and Archer’s Joint Vision for Electric Aviation in the UAE

Badr Al-Olama, Acting Director General of the Abu Dhabi Investment Office, noted: “We are thrilled to work with Archer to host their first international operations in Abu Dhabi. Bringing electric aviation to the UAE will help unlock congestion with zero emissions and, in turn, bring millions in foreign direct investment and thousands of jobs to the region over the next decade.”

Archer Aviation’s Ambitious Urban Travel Transformation: Aerial Taxis

According to the California company, it aims to transform urban travel by replacing 60 to 90-minute commutes by car with an estimated 10 to 20-minute electric air taxi flights.

Archer’s Global Funding and Partnerships: Aerial Taxis

Archer Aviation’s founder and CEO, Adam Goldstein, underlined: “Archer plans to partner closely with ADIO and the Department of Economic Development to bring manufacturing and operations for our air taxis to the region. Together, we are positioned to be a driving force in making all-electric air taxis a reality in the skies of the UAE and beyond in the coming years.”

Archer has raised more than $1.1 billion of funding to date, including investments from Mubadala Capital, United Airlines, Stellantis, and Boeing. Archer is expected to showcase its Midnight aircraft to the region for the first time at the Dubai Airshow, as well as the Conference on Aviation and Alternative Fuels (CAAF) hosted by the GCAA next month.

Collaboration to Expand Archer’s Electric Aviation

Meera Al Suwaidi, head of value creation at Mubadala Investment Company, said: “Through our asset management subsidiary Mubadala Capital, we have been an investor in Archer for several years. We are looking forward to working alongside them for the debut of their Midnight aircraft at the Dubai Air Show later this year, and to continue discussions on further expanding our collaboration.”

Carlos Tavares, CEO of Stellantis, noted: “We are excited to be working with Archer to begin establishing a high-volume manufacturing facility for the Midnight aircraft in the United States over the last couple of years. We hope this first production site will be a blueprint for future Archer manufacturing facilities as it expands operations to serve new regions, starting with the Middle East, where we see extraordinary potential for urban air mobility.”

Archer’s Midnight Aircraft Specifications and Partnerships in the UAE

Archer’s Midnight is a piloted, four-passenger aircraft designed to perform rapid back-to-back flights with minimal charge time between flights.

According to Archer, it is working with numerous industry partners across the UAE to support its plans to commercialise operations in the UAE by 2026. Archer signed MoUs with Falcon Aviation, which will operate its air taxis across Dubai and Abu Dhabi, as well as GAL-AMMROC, which will provide MRO support for Archer’s eVTOL aircraft.

Also Read

DFSA Imposes Fine on Ex-CFO of Listed REIT for Involvement in Misleading Statements and Accounting Violations Breaches

See: Sheikh Mohammed in the Dubai Gitex crowd

Related Articles

Axi and Manchester City Women’s Team Kick Off big ‘The Mentality Edge’ Campaign 1

Axi and Manchester City Women’s Team Kick Off 'The Mentality Edge' Campaign In a dynamic culmination to the 2023/24 football season, leading online FX and...

UAE Murban Crude Oil Achieves Record Trade Levels.

UAE: United Arab Emirates' Murban crude oil has achieved record trade levels, marking a significant milestone for the country’s energy sector. This surge in trading...

NAZ INDUSTRIES Earns 2024 Great Place To Work Certification™

NAZ INDUSTRIES Earns 2024 Great Place To Work Certification™ Dubai, United Arab Emirates — NAZ INDUSTRIES is proud to be Certified™ by Great Place To...

Ajman Department of Finance Engages Globally at 30th Annual Reserve Management Seminar

Ajman Department of Finance Participates in the 30th Annual Reserve Management Seminar Ajman, 4 July 2024: The Ajman Department of Finance, represented by Jassim Bu...

UAE Distributes Dh782 Million in Financial Aid, Empowering Pensioners

UAE has recently disbursed a substantial sum of Dh782 million to pensioners, marking a significant step in ensuring the financial well-being of its retired...

Latest Articles