Archer Aviation (ACHR) Raises $650M, Moves to Buy Hawthorne Airport for $126M; Shares Slip After Q3 Update — Nov. 7, 2025

Urban Air Mobility – the use of electric vertical takeoff and landing aircraft for air-taxi services – is rapidly transitioning from concept to reality in 2025. Around the world, pilot programs are underway to integrate “flying taxis” into city transportation networks. Major aerospace startups and aviation companies are hitting key milestones in aircraft testing and certification. At the same time, regulators are crafting new rules to ensure these services launch safely, addressing challenges from airspace integration to public acceptance. This report provides a detailed look at global developments in UAM in 2025, including leading air-taxi programs, launch cities, technical aircraft profiles, company milestones, and the evolving regulatory landscape.