Archer Aviation partners with AEG to add routes in Los Angeles, targeting a 2028 Olympic Games debut as its official air-taxi provider.
Archer Aviation (ACHR) is expanding its Los Angeles air-taxi network, adding a new planned stop to support its role as the official air-taxi provider for the 2028 Olympic and Paralympic Games. The company is collaborating with sports and entertainment firm AEG to finalize logistics, including vertiport locations and operational challenges like airspace management and power supply.
Shares of Archer have surged 19.3% over the past month, outpacing the broader market’s 2.2% gain. The partnership aims to enhance visibility and credibility in urban air mobility, though regulatory and infrastructure hurdles remain before commercial launch.