Japan Airlines’ and Sumitomo Corporation’s Joint Venture Company, Soracle, Announces Agreement Including Intended Purchase Of Up To $500M of Electric Aircraft From Archer
Archer Aviation has signed agreements with Soracle , a joint venture between Japan Airlines and Sumitomo , to bring advanced air mobility services to Japan. Soracle has secured rights to order up to 100 Midnight aircraft, valued at approximately $500M. The partnership aims to establish electric air taxi operations in major Japanese cities including Tokyo, Osaka, and Nagoya.
The companies plan to conduct a public flight demonstration at the World Expo, expected to attract 28 million visitors. Archer's Midnight aircraft can travel at speeds up to 150 mph, operates flights of 20-50 miles, and is designed to carry four passengers with luggage.
Archer Aviation ha firmato accordi con Soracle, una joint venture tra Japan Airlines e Sumitomo, per portare servizi avanzati di mobilità aerea in Giappone. Soracle ha ottenuto i diritti per ordinare fino a 100 aerei Midnight, del valore di circa 500 milioni di dollari. Il partenariato mira a stabilire operazioni di taxi aereo elettrico nelle principali città giapponesi, tra cui Tokyo, Osaka e Nagoya.
Le aziende pianificano di condurre una dimostrazione di volo pubblico all'Expo Mondiale, che si prevede attrarrà 28 milioni di visitatori. Gli aerei Midnight di Archer possono viaggiare a velocità di fino a 150 mph, operano voli di 20-50 miglia e sono progettati per trasportare quattro passeggeri con bagagli.
Archer Aviation ha firmado acuerdos con Soracle, una empresa conjunta entre Japan Airlines y Sumitomo, para llevar servicios avanzados de movilidad aérea a Japón. Soracle ha asegurado los derechos para ordenar hasta 100 aeronaves Midnight, valoradas en aproximadamente 500 millones de dólares. La asociación tiene como objetivo establecer operaciones de taxi aéreo eléctrico en las principales ciudades japonesas, incluyendo Tokio, Osaka y Nagoya.
Las empresas planean realizar una demostración de vuelo público en la Expo Mundial, que se espera atraiga a 28 millones de visitantes. Las aeronaves Midnight de Archer pueden viajar a velocidades de hasta 150 mph, operan vuelos de 20-50 millas y están diseñadas para llevar a cuatro pasajeros con equipaje.
Archer Aviation는 일본 항공사와 스미토모가 공동으로 설립한 Soracle와 협약을 체결하여 일본에 첨단 항공 이동 서비스 제공을 목표로 하고 있습니다. Soracle은 약 5억 달러에 달하는 100대의 Midnight 항공기 주문 권리를 확보했습니다. 이번 파트너십은 도쿄, 오사카, 나고야 등 일본의 주요 도시에서 전기 항공 택시 운영을 수립하는 것을 목표로 하고 있습니다.
회사는 2800만 명의 방문객을 예상하는 세계 박람회에서 공개 비행 시연을 실시할 계획입니다. Archer의 Midnight 항공기는 시속 최대 150mph로 비행할 수 있으며, 20-50마일의 비행 거리와 함께 4명의 승객과 수하물을 수송할 수 있도록 설계되었습니다.
Archer Aviation a signé des accords avec Soracle, une coentreprise entre Japan Airlines et Sumitomo, pour introduire des services de mobilité aérienne avancée au Japon. Soracle a obtenu les droits de commander jusqu'à 100 avions Midnight, d'une valeur d'environ 500 millions de dollars. Le partenariat vise à établir des opérations de taxi aérien électrique dans les grandes villes japonaises, notamment Tokyo, Osaka et Nagoya.
Les entreprises prévoient de réaliser une démonstration de vol public lors de l'Expo mondiale, qui devrait attirer 28 millions de visiteurs. Les avions Midnight d'Archer peuvent voyager à des vitesses allant jusqu'à 150 mph, opèrent des vols de 20 à 50 miles et sont conçus pour transporter quatre passagers avec des bagages.
Archer Aviation hat Vereinbarungen mit Soracle, einem Joint Venture zwischen Japan Airlines und Sumitomo, unterzeichnet, um fortschrittliche Luftmobilitätsdienste nach Japan zu bringen. Soracle hat die Rechte gesichert, bis zu 100 Midnight-Flugzeuge im Wert von etwa 500 Millionen Dollar zu bestellen. Die Partnerschaft zielt darauf ab, elektrische Flugtaxi-Betriebe in großen japanischen Städten wie Tokio, Osaka und Nagoya einzurichten.
Die Unternehmen planen, eine öffentliche Flugvorführung auf der Weltausstellung durchzuführen, die voraussichtlich 28 Millionen Besucher anziehen wird. Die Midnight-Flugzeuge von Archer können Geschwindigkeiten von bis zu 150 mph erreichen, fliegen Distanzen von 20-50 Meilen und sind so konzipiert, dass sie vier Passagiere mit Gepäck transportieren können.
- Secured potential $500M aircraft order agreement for up to 100 Midnight aircraft
- Partnership with established Japanese corporations (Japan Airlines and Sumitomo) for market entry
- Planned expansion into major Japanese markets through Soracle
- Aircraft orders are conditional and subject to milestones
- Requires pending regulatory approvals from Japanese Civil Aviation Bureau
- Revenue generation dependent on successful certification and operational launch
Insights
This
The Japanese market presents a compelling opportunity due to its dense urban areas, high-income population and advanced transportation infrastructure. The planned demonstration at the World Expo, with its expected 28 million visitors, could catalyze additional orders and partnerships. However, investors should note that regulatory approvals from JCAB are still pending and the timeline for full commercialization remains uncertain.
The strategic partnership positions Archer to tap into Japan's
JAL's operational expertise and Sumitomo's infrastructure capabilities significantly de-risk the commercial rollout. The aircraft's noise profile, being 100x quieter than helicopters, is particularly advantageous in Japan's densely populated urban areas where noise regulations are strict.
Japan Airlines’ and Sumitomo Corporation’s Joint Venture Company, Soracle, Announces Agreement Including Intended Purchase Of Up To
Soracle plans to launch its AAM operation in
To do so, Soracle has obtained the right to place aircraft orders of up to 100 Midnight aircraft, totaling approximately
Soracle will develop a variety of flight routes in attractive areas for residents as well as domestic and international visitors. Route locations could include places like
Archer and Soracle will work closely with the Japanese Civil Aviation Bureau (JCAB) to obtain the necessary permissions and certifications. Archer and JCAB have already begun discussions and Archer intends to work to certify our aircraft in
To memorialize this joint agreement, Soracle and Archer held a signing ceremony in
“Japan is widely respected for its forward thinking approach to transportation and this investment into advanced air mobility is yet another example of that,” said Andrew Cummins, Senior Director of Business Development at Archer. “We’re proud to stand with Soracle ahead of this new era of flight—together, we are committed to bringing an innovative, sustainable and convenient transportation alternative to the country.”
“Through the operation of eVTOL aircraft, Soracle aims to enrich lives and society by creating more accessible air transportation services in
As a first step towards commercializing AAM services in
Archer's electric aircraft, Midnight, is designed to offer passengers a safe, sustainable and low-noise alternative to ground transportation:
- Travels at speeds up to 150 mph, turning hour-long ground commutes into minutes in the air
- Designed for back-to-back flights of 20-50 miles with minimal charge time in between
- 100x quieter than a helicopter at cruising altitudes
- Redundant systems across the aircraft designed for similar levels of safety as commercial airliners
- Piloted, and designed to carry up to four passengers with carry-on luggage
About Archer
Archer is a leader in the electrification of aviation. We are designing and developing the key enabling technologies and aircraft that are necessary to power the next great transportation revolution. Our goal is for our proprietary technology to deliver unprecedented connectivity across the most congested cities in the world.
To learn more, visit www.archer.com
About Soracle Corporation
Soracle Corporation is a joint venture between Sumitomo Corporation and Japan Airlines headquartered in
To learn more, visit https://www.soraclecorp.com/
Forward-Looking Statements
This press release contains forward looking statements regarding Archer’s future business plans and goals, including statements regarding its aircraft specifications and performance, planned air tax network buildout, commercialization, certification, anticipated contract value and timing and payment of pre-delivery payments. In addition, this press release refers to a signed agreement that is conditioned on the future execution by the parties of binding definitive agreements incorporating the terms outlined in this signed agreement, which may not be completed or may contain different terms than those set forth in this signed agreement. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Archer’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, available at www.sec.gov. In addition, please note that any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this press release. Archer undertakes no obligation to update these statements as a result of new information or future events.
Source: Archer
Text: ArcherIR
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Source: Archer Aviation
FAQ
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