Air Chateau International, a private heliport operator in the UAE, intends to purchase up to 100 Midnight eVTOL aircraft from Archer Aviation in a deal worth $500 million. In a memorandum of understanding signed at the Dubai Airshow on November 16, Air Chateau agreed to send Archer a nonrefundable pre-delivery payment of $1 million by the end of December. According to Archer, it will work with Air Chateau over the coming months to “formalize the definitive agreements,” and it expects to receive another $4 million in pre-delivery payments after they seal the deal.
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