Archer Aviation has signed definitive purchase agreements to acquire complete control of Hawthorne Municipal Airport (HHR) in Los Angeles for $126 million in cash, positioning the 80-acre field as the company's primary hub for its LA-based air taxi network. The facility is also set to serve as a testbed for AI-powered air and ground operations, with the site located within 3 miles of Los Angeles International Airport (LAX).

Also located near major event venues, Archer is targeting service for the 2028 Los Angeles Olympic & Paralympic Games, for which Archer believes there will be large enough demand for its premium air taxi services. Alongside this deal, Archer reported $650 million in new equity, lifting overall program liquidity above $20 million. This also comes alongside several fli

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