United Airlines plans to buy 200 flying electric taxis to transport passengers to the airport within the next five years while investing in flying taxi firm Archer in a $1.1 billion deal to develop the aircraft.
However, regulatory approval for the aircraft is required before the purchase can go ahead.
United Airlines will team up with Mesa Airlines, a US regional carrier, to acquire Archer's electric vertical take-off and landing (eVTOL) aircraft. Other investors in Archer include carmaker Stellantis.
Under the deal, United and Mesa have the option to buy another $500 million worth of aircraft.
The California-based Archer plans to launch its shares on the US stock market following the deal.
Archer's flying taxis would be capable of flying a distance of 60 miles at 150 miles an hour while nearly cutting in half carbon dioxide emissions for passengers traveling to the airport.


Gold Prices Dip Ahead of Fed Decision Amid Rising Middle East Tensions
China Factory Activity Extends Growth in April Despite Global Pressures
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue
US Dollar Weakens as Yen Surges Amid Japan Intervention and Central Bank Moves
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand
US Stock Futures Mixed as Fed Holds Rates, Oil Prices Surge, and Big Tech Earnings Drive Market Moves
China Manufacturing PMI Beats Forecasts in April Amid Weak Domestic Demand
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance
Dollar Gains Slightly as Yen Volatility Continues After Japan Intervention
WTI Crude Oil Prices Rise Amid Iran Conflict Uncertainty
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector
U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats 



