JAL-Sumitomo JV secures right to place order for up to 100 Archer air-taxis

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JAL-Sumitomo JV secures right to place order for up to 100 Archer air-taxis - Channel News Asia

Quick Summary:

Archer Aviation said on Thursday a joint venture between Japan Airlines and Sumitomo Corp had secured the right to place orders for up to 100 of its electric air-taxis worth $500 million.

There is no deadline for Soracle to confirm the order, but the company has put in a "seven-digit" pre-delivery payment, Goldstein said.

Soracle said on Thursday it would develop a variety of flight routes that include places such as Tokyo, Osaka, Nagoya, Hokkaido, Setouchi and Okinawa.