100 Midnight Aircraft to Revolutionize UAE Air Mobility
In a groundbreaking move at the Dubai Air Show, Archer Aviation and Air Chateau International signed a Memorandum of Understanding (MOU), initiating the purchase of up to 100 Midnight eVTOL aircraft, valued at approximately $500 million. This partnership marks a significant step in urban air mobility, particularly in the UAE, where Air Chateau aims to pioneer this innovative transportation mode.
“Their recognition that our Midnight aircraft meets what the customer demands in the UAE market…is another exciting validation of our efforts to bring to market an aircraft that will revolutionize how people move in and around cities.”Adam Goldstein, Archer Founder and CEO
Historic Agreement at Dubai Air Show
The MOU, signed at the prominent Dubai Air Show, covers the planned purchase of Midnight eVTOL aircraft, including a $1M pre-delivery payment by Air Chateau. Archer and Air Chateau will work towards definitive agreements over the coming months, contemplating additional pre-delivery payments totaling $4M post-signing.
Acorn Capital Ltd., known for its aviation financing and aircraft trading expertise, is set to be the financial partner for Air Chateau in this significant transaction.
This deal strengthens Archer’s plans to launch air taxi operations in Abu Dhabi and Dubai by 2026, contributing to the region’s advanced mobility infrastructure.
Archer’s Vision for Urban Air Travel
Archer’s commitment extends beyond aircraft sales, as it aims to establish an engineering Center of Excellence in the UAE, boosting the Smart and Autonomous Vehicle Industry cluster.
- Aircraft Model: Midnight by Archer
- Quantity: Up to 100 aircraft
- Deal Value: Approx. $500M
- Initial Payment: $1M (non-refundable, pre-delivery)
- Additional Payments: $4M (post-signing)
- Operation Start: Air taxi services in UAE, 2026
- Financial Partner: Acorn Capital Ltd.
This alliance between Archer Aviation and Air Chateau International signifies a transformative leap in urban air mobility, especially in the UAE market. It not only reinforces Archer’s global presence in eVTOL technology but also propels Air Chateau into a new era of aviation services. The long-term implications of this partnership extend beyond mere transportation, promising a revolutionary shift in urban travel dynamics.