For the last 18 months, airlines have been waiting for passenger demand to come back, but now that people want to fly again, challenges caused by Covid-19 are proving more of a disruption to operations than initially thought.
Mesa Air joins United Airlines in investing in Silicon Valley electric aircraft startup Archer
Jeff Ludes/Archer
Posted at 8:52 AM, Feb 16, 2021
and last updated 2021-02-16 10:52:30-05
Phoenix-based Mesa Air Group (Nasdaq: MESA) is working with United Airlines (Nasdaq: UAL) to purchase a fleet of electric aircraft that could one day serve as âair taxis.â
An investment into Silicon Valley startup Archer is part of the regional airlineâs effort to invest in emerging technologies that decarbonize air travel, Mesa said in a Thursday press release.
United announced plans to invest in Archer and eventually buy 200 of Archerâs eVTOL (electric vertical takeoff and landing) aircraft â a purchase price of $1 billion.