Future Flight Global confirms planned purchase of up to 116 of Archer’s Midnight Aircraft, worth up to $580 million

Archer Avi­a­tion and Future Flight Glob­al (FFG) have announced an agree­ment focused on the deploy­ment of eVTOL air­craft ser­vices across top glob­al mar­kets, which include Europe, the Mid­dle East and south­east Asia.

FFG, which has been under devel­op­ment for the past three years, is found­ed by mem­bers of the lead­er­ship team at Titan Avi­a­tion, includ­ing for­mer CEO Karan Singh.

Titan Avi­a­tion has been oper­at­ing busi­ness jets under mul­ti­ple air oper­a­tor cer­tifi­cates world­wide for over two decades with deep expe­ri­ence cater­ing to the world’s top exec­u­tive trav­el­ers. FFG and Titan have a joint ven­ture that will deploy and oper­ate advanced air mobil­i­ty assets glob­al­ly. 

The announce­ment announced today (Tues­day) brings Archer’s indica­tive order book to $6 bil­lion*. The two com­pa­nies are now work­ing to for­mal­ize defin­i­tive agree­ments cov­er­ing the intend­ed air­craft pur­chas­es and strate­gic oper­at­ing alliance, with near­ly $5M in pre-deliv­ery  pay­ments planned upon their com­ple­tion.

Singh, who is CEO and Founder of FFG, said: “The avi­a­tion indus­try is on the cusp of its most excit­ing rev­o­lu­tion in decades. We’re part­ner­ing with Archer to pro­vide tai­lored, flex­i­ble avi­a­tion ser­vices to our top clients in some of the world’s most excit­ing des­ti­na­tions.

“Midnight’s ver­sa­til­i­ty makes it well-suit­ed to diverse routes and mis­sion pro­files, while also pro­vid­ing a world-class expe­ri­ence and oper­a­tional effi­cien­cy that’s attrac­tive to our cor­po­rate clients.”

FFG will oper­ate select routes with­in Archer’s planned air taxi ser­vice, lever­ag­ing Archer’s exist­ing ver­ti­port infra­struc­ture net­work with part­ners such as Sig­na­ture and Atlantic Avi­a­tion, and will col­lab­o­rate with new ver­ti­port part­ners to pro­vide ser­vice in oth­er high-demand loca­tions. 

FFG will also seek to deploy Mid­night to pro­vide on-demand tran­sit to their most high val­ue clients——inclusive of cor­po­ra­tions, hotels, gov­ern­ments and high net worth indi­vid­u­als.

To sup­port these plans, Archer and FFG will work togeth­er on ecosys­tem devel­op­ment, infra­struc­ture, reg­u­la­to­ry engage­ment and demand gen­er­a­tion.

Andrew Cum­mins, Direc­tor of Busi­ness Devel­op­ment at Archer, said: “This new agree­ment both grows our prospec­tive order book to near­ly $6B, and opens up Archer’s glob­al reach to pre­mi­um inter­na­tion­al mar­kets.

“As our first pri­vate avi­a­tion part­ner, and with their deep ties in avi­a­tion and bold approach, FFG is posi­tioned to be a new leader in mod­ern avi­a­tion. Part­ner­ing with Karan and the team at FFG was an obvi­ous choice and an ide­al rela­tion­ship for Archer.”

Mid­night, Archer’s elec­tric ver­ti­cal take off and land­ing air­craft, is designed to offer pas­sen­gers a sus­tain­able, low-noise and safe alter­na­tive to ground trans­porta­tion. Archer’s goal is to trans­form urban trav­el, replac­ing 60–90 minute com­mutes by car in traf­fic with esti­mat­ed 10–20 minute elec­tric air taxi flights.

*Orders under the order book remain con­di­tion­al, sub­ject to the exe­cu­tion of. Order val­ues rep­re­sent the Company’s esti­mate based on an indica­tive $5M per air­craft price. This is only a pre­dic­tion and actu­al results may dif­fer mate­ri­al­ly due to a vari­ety of fac­tors.