Overview
- Korean Air signed an MOU with Archer at the Seoul aerospace show granting exclusive rights to commercialize the Midnight eVTOL in South Korea.
- The agreement outlines a potential purchase of up to 100 aircraft to support multiple use cases after an initial focus on government and defense projects.
- Korean Air plans to leverage its maintenance, repair and overhaul capacity and aerospace manufacturing expertise to support certification, infrastructure and operations.
- Archer notes the framework remains subject to definitive contracts and regulatory approvals before any aircraft deliveries or service entry.
- The deal follows Archer’s recent test milestones and its purchase of Lilium’s patent portfolio, as the company scales production while still reporting quarterly losses.