Overview
- The agreement includes the potential for Korean Air to purchase up to 100 Midnight aircraft.
- Initial deployment is targeted for government applications before broader commercial use cases.
- Korean Air receives exclusive rights to commercialize Midnight in Korea and plans to leverage its MRO and manufacturing capabilities to support certification, infrastructure and operations.
- Archer reports recent Midnight test milestones, including a 55-mile piloted flight completed in 31 minutes and reaching 10,000 feet.
- Archer recently acquired about 300 advanced air mobility patents from Lilium for 18 million euros, expanding its intellectual property portfolio.