Archer Aviation Inc. (NYSE:ACHR) completes the first phase of acquiring control of Hawthorne Airport, strategically located near LAX and key attractions. Plans include using the airport as an operational hub for its L.A. air taxi network and testing next-gen AI-powered aviation technologies.

Cantor Fitzgerald reiterates Buy rating on Archer Aviation Inc (NYSE:ACHR) without disclosing price targets. Optimistic outlook based on plans to launch air taxi network in Miami area, connecting key locations for 10 to 20-minute flights, reducing congestion, and improving regional mobility. Firm sees potential in the company’s initiatives.

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Read more at Yahoo Finance: Archer Aviation (ACHR) Completes the First Phase of its Hawthorne Airport Acquisition