Archer Aviation and Atlas Crest Investment have combined in a deal which is expected to generate approximately $857.6 million in gross proceeds.

FAA type certification is the name of the game for Archer and the G-1 certification basis is a step in the right direction for the Maker aircraft. Archer can now focus on finalising its G-2 Issue Paper with the FAA.

REEF's network lends itself to Archer's plans for developing vertiports in dense urban areas. With proximity to high-traffic city hubs, Archer is looking to establish operations in locations that will benefit the most from UAM.