Archer Aviation (ACHR) Soars on Korean Air Deal – eVTOL Stock Skyrockets Amid Air Taxi Race
Archer Aviation made headlines on Oct. 20 by inking a partnership with Korean Air to commercialize its Midnight eVTOL air taxi in South Koreareuters.com. The deal includes a potential order for up to 100 Midnight aircraft, marking Archer’s first major airline customer in Asia. News of the “landmark partnership” sent ACHR shares up about 4–6% in early trading that dayreuters.comtokenist.com, as investors cheered the validation by a global flag-carrier. Korean Air – with five decades of aerospace experience – will help Archer deploy Midnight across multiple use cases, starting with government and emergency applications in Koreatokenist.com. The move aligns with South Korea’s national priorities: its transport ministry declared advanced air mobility a priority and is actively embracing urban air taxistokenist.com. This exclusive collaboration is a major credibility boost for Archer. CEO Adam Goldstein hailed Korean Air’s “aerospace expertise and strategic vision” as ideal for one of the world’s largest aviation marketstokenist.com. For Archer, the deal not only promises aircraft sales but also a foothold in Asia as eVTOL competition heats up. Startups and aerospace giants alike are racing to move eVTOL prototypes into commercial service, vying for airline partnerships and regulator green lightsreuters.com. The Korean Air agreement suggests Archer is