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Archer Aviation announced on August 13, 2024, that it has signed a Memorandum of Understanding (MoU) with Future Flight Global (FFG), a relatively new executive aviation operator, for the sale of 116 Midnight electric vertical takeoff and landing (eVTOL) aircraft. This order is worth $580 million, at Midnight’s catalogue price of $5 million per aircraft, and takes Archer’s existing order book near to the $6 billion mark. Interestingly, unlike many other eVTOL order announcements which do not include any cash transfers, this deal includes the placement of an initial deposit by Future Flight Global as well as a $5 million pre-delivery payment. Read more at: https://lnkd.in/dAFzGC2W #AviationTalk #aviationnews #avgeek #aviation

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