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Archer Aviation's Midnight Jet Sets Course for Global Takeoff
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Key Takeaways
ACHR partnered with Jetex to launch Midnight air taxis in the UAE and expand across 30 countries.
The partnership supports ACHR's plans to build a global vertiport network ahead of its commercial launch.
ACHR shares surged 173.2% in a year and trade below the industry average on a Price/Book valuation basis.
Archer Aviation Inc. (ACHR - Free Report) , as a prominent electric vertical takeoff and landing (eVTOL) aircraft developer, is aiming to transform urban air mobility through its flagship aircraft, Midnight. Built for short, frequent flights of 20–50 miles, Midnight aircraft is nearing its commercial rollout following a handful of regulatory approvals and strategic partnerships ACHR has signed lately.
In June 2025, Archer Aviation signed a strategic partnership with Jetex to develop infrastructure at the latter’s network of private terminals for facilitating Midnight jet’s upcoming commercial air taxi operations. The partnership will initially concentrate on facilities in the United Arab Emirates, with plans to scale across Jetex’s broader portfolio of 40 private terminals in more than 30 countries worldwide.
Prior to this, ACHR joined U.S. and international regulators to launch a five-nation alliance aimed at streamlining global certification and deployment of its Midnight eVTOL aircraft.
With flight testing already underway and certification efforts in progress, the Midnight jet remains well-positioned to take-off smoothly, further supported by the aforementioned strategic moves undertaken by ACHR.
Rising Competition in the eVTOL Space
With demand for faster, cleaner and more efficient urban transportation on the rise, the eVTOL industry is attracting growing interest from both investors and aviation leaders. Thus, Archer Aviation apart, other players like Joby Aviation Inc. (JOBY - Free Report) and Embraer (ERJ - Free Report) are also making notable progress in this industry.
Joby Aviation is advancing rapidly with its air taxi program. It has completed more than 40,000 miles of test flights and is now operating six aircraft in its test fleet. It plans to launch commercial passenger services in cities like Los Angeles, New York and Dubai.
On the other hand, Embraer’s Eve Air Mobility is developing an eVTOL aircraft focused on regional transport. Eve has gained strong industry interest, supported by Embraer's experience in commercial aviation and existing relationships with global airlines. The company is also focused on building urban air traffic management systems to support the safe integration of eVTOLs into city airspace.
ACHR’s Price Performance, Valuation and Estimates
Shares of ACHR have gained 173.2% in the past year compared with the industry’s 16.4% growth.
Image Source: Zacks Investment Research
The company’s shares are trading at a discount on a relative basis, with its trailing 12-month Price/Book being 5.43X compared with its industry’s average of 5.87X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ACHR’s 2025 and 2026 loss has improved over the past 60 days.
Image: Bigstock
Archer Aviation's Midnight Jet Sets Course for Global Takeoff
Key Takeaways
Archer Aviation Inc. (ACHR - Free Report) , as a prominent electric vertical takeoff and landing (eVTOL) aircraft developer, is aiming to transform urban air mobility through its flagship aircraft, Midnight. Built for short, frequent flights of 20–50 miles, Midnight aircraft is nearing its commercial rollout following a handful of regulatory approvals and strategic partnerships ACHR has signed lately.
In June 2025, Archer Aviation signed a strategic partnership with Jetex to develop infrastructure at the latter’s network of private terminals for facilitating Midnight jet’s upcoming commercial air taxi operations. The partnership will initially concentrate on facilities in the United Arab Emirates, with plans to scale across Jetex’s broader portfolio of 40 private terminals in more than 30 countries worldwide.
Prior to this, ACHR joined U.S. and international regulators to launch a five-nation alliance aimed at streamlining global certification and deployment of its Midnight eVTOL aircraft.
With flight testing already underway and certification efforts in progress, the Midnight jet remains well-positioned to take-off smoothly, further supported by the aforementioned strategic moves undertaken by ACHR.
Rising Competition in the eVTOL Space
With demand for faster, cleaner and more efficient urban transportation on the rise, the eVTOL industry is attracting growing interest from both investors and aviation leaders. Thus, Archer Aviation apart, other players like Joby Aviation Inc. (JOBY - Free Report) and Embraer (ERJ - Free Report) are also making notable progress in this industry.
Joby Aviation is advancing rapidly with its air taxi program. It has completed more than 40,000 miles of test flights and is now operating six aircraft in its test fleet. It plans to launch commercial passenger services in cities like Los Angeles, New York and Dubai.
On the other hand, Embraer’s Eve Air Mobility is developing an eVTOL aircraft focused on regional transport. Eve has gained strong industry interest, supported by Embraer's experience in commercial aviation and existing relationships with global airlines. The company is also focused on building urban air traffic management systems to support the safe integration of eVTOLs into city airspace.
ACHR’s Price Performance, Valuation and Estimates
Shares of ACHR have gained 173.2% in the past year compared with the industry’s 16.4% growth.
Image Source: Zacks Investment Research
The company’s shares are trading at a discount on a relative basis, with its trailing 12-month Price/Book being 5.43X compared with its industry’s average of 5.87X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ACHR’s 2025 and 2026 loss has improved over the past 60 days.
Image Source: Zacks Investment Research
ACHR stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.