Archer Aviation has announced the acquisition of control of Los Angeles’ Hawthorne Airport for 126 million USD.
The airport, which was built in the 1920s, is situated on an 80-acre site, and includes roughly 190,000 square feet of terminal, office and hangar facilities.
Located less than three miles from LAX; the airport will serve as the operational hub for Archer’s planned LA air taxi network operations and serve a key role in the LA28 Olympic Games.
The site will also be used as an innovation testbed for the company’s next-generation AI-powered aviation technologies currently under development, including AI-powered air traffic and ground operations management.
Archer shared the news as part of its Third Quarter results roundup; which also included details on the company’s recent raising of$650 million USD of additional equity capital, test flight milestones, the closing of the acquisition of Lilium’s portfolio and general global performance in during this financial year as a whole thus far.
The full Q3 report is available to view on the company’s website.
