Archer Aviation Inc. announced the recent signing of an MOU focused on establishing sites for electric aircraft operations in the LA and New York City metropolitan areas, along with Northern California and South Florida. Archer and Atlantic Aviation plan to electrify several of Atlantic Aviation?s existing aviation assets to support future electric aircraft operations, including Archer?s Midnight air taxi, at Atlantic Aviation locations across four key launch markets. The companies plan to leverage the parties?

existing relationships with BETA Technologies to install BETA?s interoperable rapid recharging systems. BETA?s chargers utilize the Combined Charging System (CCS) that was recently endorsed by the General Aviation Manufacturers Association (GAMA) and is being utilized by several top original equipment manufacturers (OEMs) across the industry.