Archer announces infrastructure deal with Signature Aviation

• Archer Aviation (NYSE:ACHR) said on Monday it had signed a memorandum of understanding with Signature Aviation (OTCPK:BBAVF) identifying initial day one opportunities for launching air taxi services.
• The MOU anticipates that the parties will electrify Signature’s industry-leading network of private aviation terminals.
• The two companies plan to electrify initial launch locations in United Airlines (NASDAQ:UAL) hubs at Chicago and Newark airports as early as 2025.
• Archer and Signature plan to install interoperable rapid charging systems from their partner BETA Technologies.
• Press release.

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