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We were honored to host a signing ceremony with His Excellency, Badr Al-Olama and Abu Dhabi Investment Office at DRIFTx commemorating the substantial incentive package term sheet we just signed together that includes capital to support our efforts to manufacture Midnight in the region and begin electric air taxi operations in Abu Dhabi and the UAE.
Together with ADIO and the rest of our UAE partners, we're set to lead the world into this exciting new future as we work toward beginning commercial operations with Midnight in Abu Dhabi and Dubai as early as 2025.
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About Archer: Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer’s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer's team is based in Santa Clara, CA. (NYSE: $ACHR)