BRIEF-Archer and ADIO Accelerate Commercial Air Taxi Operations Across UAE

Reuters04-25

April 25 (Reuters) - ABU DHABI INVESTMENT OFFICE (ADIO):

* ARCHER AND ADIO ACCELERATE COMMERCIAL AIR TAXI OPERATIONS ACROSS UAE

* ARCHER IS WORKING WITH ABU DHABI TO OPERATIONALISE ITS AIR TAXI SERVICES, IN-COUNTRY MANUFACTURING, AND TRAINING ACROSS REGION

* ADIO - ARCHER IS COORDINATING WITH GOVERNMENT PARTNERS ACROSS ABU DHABI TO DEVELOP NECESSARY VERTIPORTS AND CHARGING INFRASTRUCTURE

* ADIO - UNDER AGREEMENT, ADIO WILL SUPPORT DEVELOPMENT OF VERTIPORTS, IN COLLABORATION WITH ARCHER AND OTHER AIR TAXI OPERATORS, IN CRITICAL LOCATIONS

* ADIO - UNDER AGREEMENT, ADIO WILL FACILITATE ESTABLISHMENT OF ARCHER’S INTERNATIONAL HEADQUARTERS AND CENTRE OF EXCELLENCE IN ABU DHABI

* COMPREHENSIVE AGREEMENT POSITIONS ABU DHABI AS ONE OF THE WORLD’S LEADERS IN PROMOTING URBAN AIR MOBILITY, WITH PLANS TO COMMENCE AIR TAXI OPERATIONS WITH ARCHER’S MIDNIGHT AIRCRAFT AS SOON AS NEXT YEAR

((Reuters.Briefs@thomsonreuters.com;))

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