Archer says Midnight received an FAA market-survey certificate

Archer said the FAA has issued a Market Survey Special Airworthiness Certificate for Midnight, which the company says unlocks piloted operations in Los Angeles in the coming weeks as it prepares to carry passengers under the Transportation Department eVTOL Integration Pilot Program and the 2028 Los Angeles Games. The same release reported third-quarter revenue of $5.1 million, a net loss of $274.6 million, and $1.4 billion in cash, cash equivalents and short-term investments. Archer said its agreement to buy Boeing's Wisk, Insitu and SkyGrid businesses is nearing a close and did not say the acquisition had closed.