Archer Aviation says a federal flight certificate will let it begin piloted Los Angeles operations for its Midnight aircraft within weeks, as the company prepares for passenger service.
In a Monday, Nov. 9, earnings release filed with the Securities and Exchange Commission, Archer said the Federal Aviation Administration (FAA) granted a Market Survey Special Airworthiness Certificate for Midnight. The company said the permit supports its efforts to advance toward passenger-carrying operations. Archer is preparing passenger flights under the U.S. Department of Transportation (DOT) eVTOL Integration Pilot Program (eIPP) and also plans to carry passengers at the LA28 Games.
Archer forecast fourth-quarter revenue of $5 million to $6 million and an adjusted EBITDA loss of $185 million to $205 million. For the third quarter, it reported revenue of $5.1 million and a net loss of $274.6 million.
Midnight is an electric vertical takeoff and landing aircraft. Archer said its October No Roads tour logged more than 300 piloted miles in Northern California, with flights around San Francisco Bay and Oakland International Airport.
