Archer Aviation partners with Jetex to launch Midnight air taxis in UAE, aims for global expansion

From Zacks Investment Research: 2025-06-25 04:28:00

Archer Aviation Inc. partnered with Jetex to launch Midnight air taxis in the UAE and expand to 30 countries. ACHR’s shares surged 173.2% in a year and trade below industry average on a Price/Book valuation basis. The Midnight aircraft is designed for short flights and is nearing commercial rollout after regulatory approvals. ACHR aims to build a global vertiport network before its launch. Rising competition in the eVTOL space includes Joby Aviation and Embraer advancing in the industry. ACHR’s shares have gained 173.2% in the past year and trade at a discount compared to the industry average on a Price/Book valuation basis. The Zacks Consensus Estimate for ACHR’s 2025 and 2026 loss has improved over the past 60 days. ACHR stock currently carries a Zacks Rank #3 (Hold).

Read more at Zacks Investment Research: Archer Aviation’s Midnight Aircraft Sets Course for Global Takeoff (Revised) – June 25, 2025